Everything in the economy is in flux.

No currency is stable. All equities move in relation to each other.

The basic HBD formula shows that it is possible to create a coin that is stable against other equities. The basic formula is that one can convert HIVE to HBD. After the fixed period, the formula gives the user an amount of HIVE equivalent to the current dollar value of HIVE. The HBD interest is irrelevant.

The cost of the HBD formula is that it creates a downward force on HIVE. It is best for HBD to be a small fraction of HIVE. If there is too much HBD on the market, the HBD conversion formula could force the price of HIVE below $0.40. But that is is a different conversation.

Since everything is in flux, I am inclined to say that crypto should embrace this fact. We can use conversion formulas to create fiat whenever we desire.

So it is best to let things fluctuate.

!PIZZA