There is already proven ways and mechanicms way better than HBD that work on Ethereum and other chains. Nobody wants to copy that and port it to HIVE for some reason. NO idea why.
Maker and DAI work just fine and is decentralized. The lowest DAI ever went was 92 cents and highest was 1.06. It stablizes very well with the mechanisms they have in place.
RE: Why We Shouldn't Be Funding HBD Stabiliser - We've Got It The Wrong Way Round