HBD is 'Hive But Disguised', there's no reason to give any special preference to the Hive holders over the HBD holders.
Let's say Alice spent $100 to buy 1000 Hive and Bob spent $100 to buy 100 HBD.
I can't see why Alice should have more 'rights' than Bob.
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I'd go for the witnesses to pay interest on hbd when it is below the peg, but getting those folks to do things from outside their own worldviews is like pulling teeth.
I'm not sure that paying interest on debt outside the witness parameter is a good thing.
We'll have to consult a better mathematician than me.