For what little it is worth, I am IN! Being able to stabilize HBD in the Wild West that is crypto is a power move for the brand. Also love how it supports the value of Hive as well for the community.
I was wondering if holding HBD in savings helps the Stabilizer or value of HBD indirectly?
I will vote on @ecency right now and thanks for stepping up to keep this as a solid part of our blockchain.
Holding HBD in savings definitely increases the value of HBD and indirectly of HIVE (since HBD is created from destroyed HIVE). In the present environment where 'stabilizing' usually means increasing it by buying (because the primary force on HBD is people selling their rewards), holding it does help stabilize it.
What a concise way of explaining that. I was hoping I was doing a good thing in addition to diversifying my stake and the reward associated with that.
Thanks @smooth.
Hi @smooth, why the downvote on my last post? 60% of the rewards go to the chessplayers.
I will sometimes make small downvotes when I think the post has attracted too many large votes, autovotes, and paid curation for the type of content. Hive can be looked at as a business and we have to manage our reward budget carefully. There is no question that your content is deserving of rewards, but I just quibble with a lot of pile-on when it comes to a series of repeat status posts.
Hi @smooth, it is up to you of course and partly I agree on the reminder posts. But the tournament report posts (always on Saturdays) take crazy amount of work. E.g. the average performance is calculated on an Excel sheet and then transferred to the post - all manually. This takes hours, including the double checking of all the numbers. Compare that with those ultra-repetitive beers post from detlev that take for sure only 10 min. and get WAY MORE rewarded.
I'm not going out of my way to look for things so chances are I may very well not happen to see them again. I don't recall seeing or downvoting them before, but maybe I did.
Detlev being an example. I haven't particularly noticed those and it doesn't look like I downvoted them but I just looked at the sequence of posts and it definitely seems like something would give a little love bite if I saw it.
Thank you for your support @zekepickleman
Regarding your question about savings, while it doesn't directly contribute to the operations of the HBD Stabilizer, it does have indirect benefits as holding HBD in savingsreduce the circulating supply of liquid HBD. This can help stabilize its price by decreasing immediate selling pressure.