Hive Or HBD : Which Rewards Authors more?

Do we really need to get paid in Hive Backed dollar?

Yes I know what HBD is. Hive-backed dollars (HBD) are a unique type of trustless stablecoin that is backed by the underlying value of the Hive blockchain itself and pegged to the USD. This backing takes the form of an onchain conversion operation that lets HBD be converted to an equivalent USD value of Hive itself.

I read a very informative post about HBD a month ago by

@taskmaster4450 but then I didn't pay much attention because I just returned to hive and I got my payout in Hive, HP and sometimes HBD with different variances.

But recently I've noticed,my payouts are only in HP and HBD and I just wanted to share my thoughts and ask a few questions hoping I will get some answers.

With the recent rise of hive from 60cents to $1.5, I woke up that morning and still found our stable dollar trading at 90cents and now converting from hbd to hive was late. Although hive is back at trading at 80-90cents, it really still puzzles me why payouts no longer come my way in hive and a conversion from hive to hbd has to be done.

For those who are not aware, there is a hard cap on HBD. Since it is a debt instrument, the initial intention is to ensure that the ratio of debt-to-equity did not get too high. Nevertheless, there does need to be some elasticity so that the market can expand or contract the amount of HBD.

At present, this ratio sits at 10%. That means that if the market cap of HBD reaches 10% of the total market cap of Hive, the production of HBD shuts down. All payouts automatically convert to HP and liquid Hive (on the 50/50 reward option). This continues until the ratio is restored.

Hbd was newly created as a debt instrument but I don't see it as a stable coin, I know am missing something that's why I made this post In hopes to find an answer.

It will be really appreciated to hear your thoughts and suggestions.

Thanks For Your Attention/ See you next time!