Seeing this months later and just need to say spot on! Although I do agree with first amendment on this below
“and it is possible that the value of the coin of the use case is being destroyed in the stabilization effort to prevent the inevitable collapse of HBD from the mismanagement by certain witnesses.”
Is that from the OP? I skimmed through it again and either missed it or it isn't from the OP.
As I pointed out, the maintenance of control requires Hive's token to not be valuable to substantial investors, as Steem demonstrated very clearly.
It’s amazing how many don’t even understand HBD peg can break. Wouldn’t be surprised at all in fact it’s likely and just when?and until such a time Hive will have pressure pushing it lower to support HBD peg.
I don't go there myself, but I've been told that SBD on Steem are very broken out of a peg to the dollar, being worth several dollars now.