In practice it can, after transferred to projects. It can even be a source of passive income.
I think I'll stay stuck here for several days to see what @starkerz responds and if he dares to say something in his defense. 
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Have you seen evidence of DAO funds being powered up to vote with instead of having been used for their intended purpose?
Of course not. HBD in the DAO indeed can't be powered up to vote. But as @doze has already assured, I've also seen how these HBD are, has been and are being transferred to "projects" and also converted into Hive to distribute them between the opulents & their parasites to then upvote only among them and to downvote to all those who they don't want they say the things as really are and is not convenient for them that anyone knows.
Yeah! I've already seen many times before what their intended purposes have been.
do you have clear evidence of this that you can report on and show x project misused y hive or hbd and here are the transactions?
Ah good boy, are you by chance implying that in all the time you've been here, it never occurred to you to take an in-depth look at Valueplan's wallet?
If you really haven't done it, do it now! That doing that will clear all your doubts in a jiffy.
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Good boy? Watch your tone you cheeky fucker. The fuck do you think are talking to?
I dont have time to review all of value plan's transactions in depth.
I personally have never taken a dime out of this chain. That's all I know. That, and that im building. If you have proof of others having done this, then please do post it here. If you cant post anything, then i'll assume you are just making this up.
ur description still says you are a Steemian.
I'm talking to you kid. Or do you really believe we don't know who the fuck are using the @threespeakvoter account to reply to my comments?
And yet, you should!! I am the one with no time to show anything to anyone who doesn't want to do the work to know everything fully by himself. It's all in plain sight for everyone who really wanna know.
I never said that you personally have done that. All I said is that others did. And everything that @doze assured is publicly available just there at only few steps to confirm it.
Yeah, who the fuck isn't building?
Well kid, better read this comment twice. Because if you are really unwilling to check and confirm this by yourself, then you can assume whatever the fuck you want.
OK chuckle brother