Do you know how much is paid out every day in rewards? The hdbstablizer posts are an incredibly small fraction of that payout. So your content/rewards loss arguments is really a non-issue, IMO.

So, my point is reward pool should not be utilized to fund projects.

This is totally wrong, IMO. It's always been used to fund projects (in fact some stakeholders think it's the only way we should be funding projects, although I'm obviously not one of those people).

Eventually we created the DHF to help fund larger projects which were hard to fund sufficiently via posts. But it's still a great way to fund very small projects: it requires far less effort for everyone concerned.

It's becoming obvious to me that many people don't really understand the percentage profits made by the stabilizer posts and the stabilizer proposals, or I guess there wouldn't be complaints. Here's the math as I calculate it: Investment of 10K that returns 30% in a day. Even ignoring compounding, that is an APR of 10680% (30% * 356 days). And all that profit is being redirected into buying Hive, which drives the price of Hive, which in turn drives more profit for content creators and curators. This is not a zero-sum game.

Every time I see someone comment that this won't stabilize HBD, I just think to myself, that would really be cool for Hive holders, if it was true, because it would be an incredible money making machine.

But in my opinion, eventually at the current growth rates, the ever-growing selling pressure created by these efforts will inevitably push HBD down. And everyone that profits from Hive (stakeholders and content creators) will benefit from the incredible returns it generates while the process lasts.