I've disagreed with the hbd stabilizer from day one and I hadn't even taken into account the curation rewards those supporting put into their own pockets. The Oligarchy is strong on Hive.
Fellow peers, just realize an Oligarchy cannot become decentralized...
I sort of remember it being announced, but didn't pay much attention... then again, I'm pretty sure the proposal was only in the hundreds per day, as recently as a few months ago.
I also don't know exactly when the comment-voting side of it began, or if it has always been at this scale. Easy enough to find out of course.
The intital hbdstabilizer budget was 100 HBD per hour from the DAO, or about $2400 per day. Seeing both quantifiable and subjective success with that budget (as well as all of the funds being returned, plus profit), stakeholders have repeatedly voted to increase the budget.
I just saw the post in trending about it and said what the hell is this. We do need a stable coin if we want an effective way for users and businesses buy, sell and trade, but there has to be a better way. As is, it seems to mostly benefit the same group who holds us back from reaching any type of meaningful decentralization.
I did weigh in on that post, but it was mostly the groupies wanting big votes praising it. Now those votes are just being recycled for self gain and those groupies are seeing none of it...