To be fair, this distribution in holdings of HBD is AMAZING. Its shows that almost everyone on Hive is long Hive and doesn't want to hold HBD even at a 20 or 15% interest rate. That is insanely bullish alone. @vaultec being one of the largest holders of HBD is also a great sign, as it is a testament to how much of a risk averse guy he is, which is what you want to see from a Layer II smart contract system builder.