I am honestly surprised it has held up like it has. I am bullish on HIVE just because of the way this thing is addressed by the many different communities on HIVE. We are all very different people on HIVE, so when "a lot" of us find commonality, I think that is interesting and worth paying attention to.
HBD is slowly becoming one of the biggest and most important things on HIVE; holding HBD to peg is top of most people's minds.
I have been buying HIVE and upvoting comments that go to the HBD stabilizer because that is the only way I can "help." I doubt what I am "doing" has any serious impact.
HBD conceptually is cool, but there have been an insane amount of investment on ETH stable coins that are backed by assets not an algorithm.
Algorithm based stables have a bad history in Crypto and fiat; and it typically does not end well. I am not saying anything bad will happen to HBD but I would be lying if I said I was not concerned.
HBD holding up like it has, is nothing short of amazing..... But that just makes me think maybe it is asset backed after all.
If we had no HIVE inflation to pay for this, where would the money come from?
I have no idea.
RE: HBD Stabilizer - Renewal R4-2025