Here's a thought experiment for this topic:
Hive has just gone x100 in value from various factors including hyperinflation of USD. Several business on the Hive blockchain are now crying out that we increase the peg of HBD to make up for their losses.
Let's say before the hyperinflation our debt ratio was 10%, now after going x100 our debt ratio is 0.1%. What are we going to tell those businesses? "Sorry! Fuck you! We don't have the money to subsidize the failure of USD!"
We clearly do have the money.
As a show of good faith we should obviously subsidize and increase the peg.
HBD is our stable coin, and we should clearly work to stabilize it.
Assuming that we should 100% rely on the monetary policy of fiat for stability is a mistake.
Why would we not invent our own policies to create a more stable asset?
You've made the claim that such policies go against the very definition of 'stable-coin'.
Again, I find this highly frustrating.