Firstly, thanks for sharing these charts and numbers...

Secondly, debt is a debt, and sooner or later someone has to pay it... In our case, if it wasn't obvious to people, HBD is BACKED UP by HIVE! This means that HIVE pays the price of HBD debt...

I see nothing unexpected from what is happening... 20% APR on HBD is 20% additional inflation on the HBD+HIVE combo... there is a time when most of that goes to HBD, there is a time when it spills over to HIVE (like now)...

I think that we didn't have conversions in BOTH ways while we were on STEEM, probably on purpose... to protect the BASE token (STEEM), and not the stable token... Atm, we are doing it another way around...

So in some way, everything works as planned... For those who hold HBD...

Just my 2c.

I have picked this post on behalf of the @OurPick project! Check out our Reading Suggestions Posts!

Please consider voting for our Liotes HIVE Witness. Thank you!