I am glad to see that some people recognize HBD as debt.

One nasty aspect of debt is that the debt collectors appear in down markets.

In the last two market dips, investors converted over a million HBD to HIVE.

This is the same as debt collection. In the dip that occurred at the end of 2022, investors converted over a million HBD at $0.33. This minted about 3 million HIVE that the market had to absorb.

In the last dip, investors converted over a million HBD to HIVE. That is 2.5 million HIVE the market had to absorb in another down market.

Personally, I would prefer a blockchain structure that emphasized HIVE over HBD.

There are almost no voices on the blockchain that support that idea.