The HBD Stabilization Plan that was recently enacted by smooth should address the overpriced HBD situation. Whenever HBD is over $1.00, the @hbdstabilizer account will purchase HIVE with HBD and then burn the HIVE. This creates buy pressure for HIVE and sell pressure for HBD.
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I am aware (and very much in favor) of the hbd stabilization proposal. The proposed APR of 3% is too small to make any difference on the price action of HBD in my opinion. Down the road when the market goes south (which it will) having that extra HBD might come back to bite us in the rear. Hopefully in the future we will have multiple projects that absorbe the extra inflation by then and my concerns are rendered mute.
In fact I would go as far to say that we should make it a requisit that all projects funded by the DAO need to be a revenue streem for the DAO itself much like the HBD stabilization projects is doing. The only exception should be proposals that aim to fund fundamental development of the chain and for marketing.