I don't think that's correct.
I could totally be wrong, but I think Hive-Engine just connects buyers and sellers. So if you sell Hive on Hive-Engine, it's not being converted to HBD, it's being sold to another person who wants to buy Hive.
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Ok, yes, that makes sense too- just exchanging hive for hbd, so it's not really going anywhere.. Perhaps it's when people convert it I was thinking of-i still think it has to do with the increase in value somewhere