The rewards for this post are set to 100% beneficiary going to the @hbdstabilizer account.
Benefits of @hbdstabilizer
- The @hbdstabilizer account buys HIVE on the open market with HBD when HBD is above $1.00 USD.
- This puts sell pressure on HBD (when HBD is above $1.00), which helps stabilize the price of HBD.
- This puts buy pressure on HIVE, which helps the price of HIVE go up.
- With the current proposal amounts from the DAO and HDB estimated at $1.90, the @hbdstabilizer account has been buying around $30,000/day worth of HIVE by selling around $30,000/day worth of HBD.
- When HBD is above $1.00, the @hbdstabilizer is actually returning a profit back to the DAO on top of returning 100% of the funds that are paid to it. In an example scenario where HBD is trading at $1.90, @hbdstabilizer would be sending over $10,000 USD profit per day back into the DAO fund.
FAQ
- How often will these posts be created?
- The plan has changed to create 10 posts/comments per day. This is allow stakeholders to choose how much or how little of their voting power to direct towards the @hbdstabilizer effort.
- A majority of the posts will be created as comments instead of root level posts to reduce the amount of noise on the trending page.
- Why can't this be funded entirely from the DAO?
- The existing proposals have maxed out the amount that can be received from the DAO without taking away funds from other proposals. The funds from these daily posts will add to the funds that are provided by the DAO proposals.
- What happens to the HP that is sent to the the @hbdstabilizer account?
- It is powered down and sent to the DAO.
- Will the amount generated by these posts even make a difference?
- Every amount added to the @hbdstabilizer fund will generate additional buy pressure for HIVE and sell pressure for HBD (when the price of HBD is > $1.00).
- Aren't these posts taking rewards away from content creators?
- The rewards pool is a community governed fund, and it is up to stakeholders to collectively decide how to allocate those funds by voting on the posts that they feel add the most value to the platform. If the stakeholders choose to vote for funding @hbdstabilizer with some of the rewards pool, it is entirely within their right to do so.
- If the price of HIVE goes up, the amount of rewards in the rewards pool increases. That would mean more rewards to pay to content creators!
- Why do we need to see these posts on trending?
- The @hbdstabilizer fund is adding value to the Hive platform. Existing and potentially new stakeholders who are interested in the platform may find value in seeing it there.
Other posts about @hbdstabilizer
- Request for comments: HBD stabilization DHF proposal
- HBD stabilizer proposal
- HBD stabilizer algorithm
- Supplemental funding for HBD stabililzer
- HBD stabilizer update
Account Ownership
- The @hbdstabilizer fund is run by @smooth / @smooth.witness.
- This @hbd.funder account is owned and operated by @timcliff.
Witness Voting
I strongly encourage all HP holders to participate in Hive's Proof-of-Stake governance model. This means either taking an active role in voting for the witnesses you think are doing the best job or delegating your witness voting power to someone you trust by setting them as your voting proxy.
You can vote on witnesses here:
Absolutely disagree with this statement. It is doing no such thing, trying to create an artificial peg by pumping and dumping is a bad thing and no matter how many posts you make declaring the contrary won't change that.
Why are you so obsessed with Hive being worth exactly one US dollar? I thought this was crypto, let it find its own value. Or if you want to create a true peg, then do it in the same way that USDT works (i.e. backing it with real fiat cash). If HBD goes up to $10 that's good for the platform as it will attract more investors.
Anyway you know me, I'll say things even if they're unpopular, rather than kiss your arse like everyone else, just because you're a whale. I hope you appreciate getting real feedback instead of sycophantic vote-for-me responses.
Peace.
Cg
Everyone is entitled to their opinion, and it is not a black and white situation. There is a lot of controversy around this. The wording is "may find value" though, and the reality of the situation is that some stakeholders do see a lot of value in this. It can be seen based on the amount of large upvotes the posts and proposals are receiving.
Probably just a typo, but we are not interested in HIVE being worth $1.00. We actually want HIVE to be worth a lot. In terms of HBD, it is designed as a stable-coin. The purpose of stable-coins is to hold their value at a specific pegged amount, not be driven by market forces.
There are a lot of different stable-coins with different pegging mechanisms. HBD is a decentralized one, which uses different mechanics than ones that are run by centralized parties.
There is truth to this, but the same can be said about HIVE going to $10.00. HBD functioning as it is designed will also attract investors as well. There is a lot of value in stable-coins. Personally, I would like to see HIVE at $10.00+ and HBD sitting at $1.00.
To be honest, your opinion is probably the "popular" one. Most regular users are not in favor of this effort. It is really the large stakeholders (who have the most to gain/loose) who are in support of it.
Not sure who you are referring to as a whale. If it is me, you are barking up the wrong tree, lol. My vote is worth around $0.50 so anyone trying to get rich by kissing my ass is wasting the kiss.
In reality I think most people who are either for or against this effort are that way because of their beliefs on how they think the platform should operate and how they think we should make things better. Even through the disagreements I'm pretty sure most users and stakeholders are all coming at this discussion from the position of wanting the platform and community to succeed. We just have a difference of opinion on how to get there.
Lol 😂😂
I just think that we should be happy on the HBD rise, for whatever reason it's more popular than Hive (my guess is because Hive is not 100% liquid)
But HBD supports Hive users. Some poor schlob (me) getting $18 for a short story that took me a week isn't so attractive. However if that 18 HBD is worth $5 each then suddenly I'm interested in investing my time to make good content, which ultimately helps improve the site, attract users and grow the price and platform.
#LeaveHBDAlone
P.S. Nice talking to you again :-)
Cg
Free markets in a free world. !BEER
View or trade
BEER.Hey @cryptogee, here is a little bit of
BEERfrom @indextrader24 for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.@hbd.funder I made you a new header graphic... Check it on the last update.
I'll take a look, although I do like the one I have been using.
Cool! :D
Will adding HBD to other exchanges help easing the rising of price of hbd?
Most likely it would have the opposite effect. Typically when a coin gets added to a new exchange the price increases as there is additional demand.
Which to be clear is a good thing as long as we have a mechanism to channel that demand into demand for HIVE
I see. So we really need to wait until this mitigation moves lower the hbd price, until HF arrives.
Great review
Congratulations @hbd.funder! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 200 replies.
Your next target is to reach 2500 upvotes.
Your next payout target is 100 HP.
The unit is Hive Power equivalent because your rewards can be split into HP and HBD
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
Best to you
It’s just so nice to see progress in quality and safety ;)))
Ecxelente 😉
Maybe a great World move, starts with a little action!!
https://hive.blog/life/@hermansanchezg/campaign-donate-food-to-needy-people-on-the-street
nice one! Let's keep doing it! We need to rise our community and to prove we are great!
Upvoted and shared to my feeds
👍
Boleh