@smooth, I saw that. It did do a little to explain why, building up the war chest.
Read up some on the HBD Stabilizer. Sounds like a critical system especially for development on the blockchain. Now I'm not super smart, but since HBD was > 1, all the upvotes allowed the stabilizer to convert that HBD from the upvotes to HIVE which pushes HBD down and then the stabilizer is able to convert that HIVE back to HBD at the slightly lower price making profit for HDF. Upvoters are increasing the HDF which is going to lots of different proposals.
If this is true, than the complainers are not reading into what the stabilizer does. It's increasing the HDF to allow more development opportunities. As the comments say, they are looking only at layer 1 rewards. Layer 1 rewards are becoming an antiquated concept. The future of the social media functions are on layer 2.
I think I can see now... am I looking at this right?
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That looks about right to me.
Summary: All of the rewards for @hbd.funder go to @hbdstabilizer and everything in @hbdstabilizer goes back to DHF to fund further projects (after being used to trade overpriced and underpriced HBD to generate an additional profit for DHF and exert a stabilizing influence on the HBD price).
Pretty much. It is after 4am and I am in bed, so will have a look more closely in the morning. If you look at @smooth 's blog you will see the details and conversation around it.