That's only your opinion, I see it differently. Although I am not a top 20 witness, I can say that my motivation to keep it at 20% is that the amount of HBD in circulation is extremely small and not enough to become a significant and recognizable stablecoin in the industry. We need to print a lot of HBD stably to make it better. Our current circulation amount is prone to market manipulations.

Do you think it makes sense for a stablecoin that isn’t backed by actual dollars? While I applaud the unique mechanism that keeps HBD pegged to the dollar, not having a real dollar backing each coin (assuming all parties issuing a stablecoin actually have a dollar for each coin in existence) might also mean that the amount of HBD printed should stay more relative to Hive’s user base rather than trying to match the scale of other stablecoins.