Are you accounting for the immediate HIVE->HBD conversions that happen when the stabilizer sends HIVE back to DHF?

I'm accounting when I look at the overall HIVE supply. @dalz/hive-inflation-for-august-2024-or-running-hot-for-a-third-month-in-a-row

For august its about 2.2M HIVE or around 400k HBD. In the chart above I have only the conversions for HBD to HIVE.

Also, I don't think cutting the stabilizer funding is a good idea. If users convert HBD, they keep any profit from discount to the average conversion rate, but of the stabilizer does the conversion, it keeps the profit, and returns it to DHF (in the short run this functions like a burn).

Maybe increase the buying spread? Like buy when HBD is at 0.95. Basicly take a fee, increase the profit for the stabilizer.

If the problem is HBD being below peg too much, that indicates an excess of HBD being sold by users, and we should look for ways to reduce the amount that is being distributed into circulation by post rewards, DHF proposals, and HBD interest (it's not immediately clear which of these are contributing the most to selling pressure). Obviously that is painful, but if we're seeing that the market can't support it, tough decisions should be made.

Take a look at the previous bear market and the period 2019, 2020. A lot less HBD/SBD was created becouse it was only the authors rewards and we have burned trough exsess HBD/SBD a lot with conversions. When compared to 2023, 2024, we now have more ways to create HDB, with the DHF clearly dominant in the last three years. On the burning side the stabilizer has taken over from users conversions. Overall we are removing HBD much slower now then in 2019, 2020, becouse instead of 1M new HBD per year we are putting in 5M HBD per year.

P.S. On a bit controversial topic. I think its time to put a burning proposal in the DHF and burn some funds. We are basicly using a premine to fund development. The spending is uproportional to the market cap of HIVE. The regular HIVE inflation in the DHF these days is around 60k per month (aditional revenuse excluded), and we are spending on average 300k HBD per month from the DHF.