Finally I've had time to read this carefully. We've been readying our home (49 years!) for sale and it is now listed on the market. So here I am, paying attention to one of the great interests in my life.
I love this platform. Hive is a hobby, but it is more than that. It is a financial portal for people who have almost all other doors closed to them. I wish I had more knowledge, more heft, so I could help this platform to thrive. The financial underpinnings of this (and most other businesses) are beyond my ken. Instinctively, I trust @blocktrades' skill and motivation. After reading this post, I trust yours also.
A classic criticism of the U.S. business model is that it suffers from short-perspective. It plans for the next quarter, not the next five years. This seems to be exactly what you are describing as bear market 'fixes' for Hive. But worse than that, you seem to be suggesting that tinkering with HBD interest rates would cause a bleed even in the short term.
Your position sounds logical to me, although I know that financial markets are often anything but logical. But, from my modest understanding, this post makes sense.
I'll support Hive no matter the price, no matter the market. I plug away and post as much as possible. I try to support bloggers who earn few rewards. It would be nice to make money here, but for me the platform is bigger than that. It's about the people who need Hive.
Good luck to you, and to all of us. Hive on!!