Stakeholders in Hive vote for the post because as long as HBD is >$1 on the market, it captures that value and adds it to Hive, which increases the value of their stake. The consideration of how the trending list looks has less priority for the average stakeholder than making HIVE more valuable. Further, a functional stable coin can make Hive more valuable as a network.
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Agree. But my point is trending is the first impression window to Hive.
If new users / Investors look the first they see is " stable coin that doesn't work" is not a cool impression.
IMO the more sexy way is a new proposal with 10k HDB funds a day. This would be much higher and the trending looks clean.
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Putting the image of stable coin that doesn't work out front on the trending list is a valid concern but it also shows community effort and resolve to fix problems too. A potential investor might see the strategy which puts buy pressure on the price of HIVE and see potential. Maybe one of the foolish people speculating on HBD without understanding it might visit a Hive front end and see it too :)
I replied because your comment above seemed to not understand the motive or priority of these large stakeholders voting on the post. And it's way better than Jerry Banfield half naked holding a baby :D
The output from the DHF is limited and currently the HBD stabilizer proposals are using almost all HBD that is not otherwise allocated. As you saw from smooth, he plans on making more proposals (as long as there is a need) when more HBD output is available.
Sure I understand. But the way is the problem.
If we would allow a pool that converts Hive into HBD and buy from the market every investor can buy-in would be a smarter solution, would also better scale. HBD would become super stable at this point.
Yep, that is the solution. I see you voiced your support for it on blocktrades' recent post.
Define average stakeholder?
Like the stakeholders that upvoted the posts. Average, weighted by stake at least.
the point is a 400$ post makes hive not " more valuable". The only real impact is the bad first impression
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