Me having an assumption and being wrong is acceptable, but blockchain having an assumption of the value of something could be an issue...
So, reading what you said, it looks like the main issue was that "the chain assumes HBD is $1", and if it wasn't set up like that, we wouldn't have the problem with high inflation. HBD wouldn't be pegged to $1, but we wouldn't have high additional inflation?
and another question, as you are one of the OG on the chain, and much more informed than many others... How we could solve this problem and what is the main cause of it, in your opinion?
Btw, thanks for the explanation... Appreciated!
I think I was wrong to why it was bad and about the reasoning around it. As I think now and it doesn't seem right.
I don't think there is a problem really. We have the haircut rule just because of this. To prevent debt from going too high. Although we did increase it from 10% to 30%.
All the problems we have right now are linked to us not having enough users. Almost everything gets better when we get more users. We have no use case for our tokens and the only use case that we have which is social media and blogging, we don't invest on it.