I’ve never understood people who want a high HBD (or SBD) price. Hive should rise in price because it holds all the utility! Resource credits, governance voting, etc. HBD’s only utility is that it can be converted to $1 of Hive... So obviously if we see HBD trading at multiples of $1 it is pump & dump trading activity and completely divorced from any underlying fundamentals. Anyone paying $8 for a token thats only utility is to be converted into $1 is a scammer or a fool.

We should never cater Hive economic principals to these types of traders and I’m happy the stabilizer proposals are skimming their profits & reinvesting into Hive instead. The growth of the DHF treasury through Hive’s increased market cap and the HBD stabilizer are very heartening.

That being said I do hope that development and marketing proposals currently pushed out of funding were able to capitalize on the pumped price to make up for lost days on their proposals and will be restored to paying status as soon as the economics make sense. I noticed the shake up in rankings yesterday but was unaware of just what votes had switched around so thanks for this post & your thoughts.