1- The HBD debt isn't that much at a cost of around $100k per month currently, I agree. The main "problem" is the DHF spending at 2.5x HBD Interest is the most urgent action and should be addressed with priority. This shows how out of kilter the DAO is with reality.

However, combined together, they both take over 50% of the monthly rewards from HP holders and this signal is a big problem.

There are many good things about Hive, but these are sadly dwarfed by the lack of transparency and the duplicity around the adjustments to tokenomics to benefit insiders. The 2 big examples I just gave above to extract value from HP holders (50% of rewards without doing anything ~$350k per month).