I literally stated the benefits in the prior post. It is currently virtually eliminating Hive inflation. Hive inflation has gone from way above the intended schedule, to very low inflation thanks mainly to hbdstabilizer.

It is also stabilizing the price of HBD, discouraging people from buying it speculatively, and channeling that excess price more quickly into the price of Hive so that HBD supply adjusts at a faster pace to the appropriate amount to keep it near $1.

In theory Steem has the same mechanism, where an higher price of SBD increases the utilitarian value of Steem Power, driving up Steem price to where SBD supply balances out, but in practice it is too slow a mechanism which is why we have seen SBD an order of magnitude higher than the pegged values, and it is currently completely failing to stay close to $1. Using the DAO fund dramatically speeds up this process and ensures that all stakeholders receive the benefits via increased Hive price.

We haven't managed to create a perfect stablecoin yet, but it's so far been better than any other with decentralized collateral (as opposed to centralized collateral such as TetherUSD, USDcoin etc). We can keep making it better instead of throwing our hands in the air and giving up the huge amount of financial value that HBD brings to Hive ecosystem.

Tired of the thousand dollar spam posts on trending!

Are you aware that you can block and ignore posts from accounts you don't like?