The one thing that worries me is doesn't that open Hive and HBD to a money force attack. Where someone could manipulate the market in such a way to pump one or the other trigger a conversion and suck the other pretty much dry?
Granted I still don't understand how it works other than it still doesn't work very well for keeping HBD stable. That things flies around at random from $0.90 to $1.05 during normal times and in extreme cases we have seen $0.80 and last night over $2 for a while.
What worries me is trying to take out a decent amount of HBD and having to take a cut because it's not holding the peg.
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It does.