The price of HBD is guaranteed by HIVE.

If you really wanted to provide useful information; you could track the market cap of HIVE and HBD.

Ausbit Bank shows the current market cap of HIVE and HBD. It showed $12,040,918.832 HBD and $194,866,237.671 HIVE when I copied the data from the site a second ago. It says:

HBD Marketcap is currently 6.179 % of HIVE Marketcap

The problem with snapshot data is that one really needs to see the change over time.

For example, one thing I noticed is that there is usually a drop in the HBD market cap when the price of HIVE drops. Since HBD is fixed. This means that users convert their HBD to HIVE in dips.

The dip at the end of the year saw users converting well over a million HBD to HIVE at an average price of $0.33. That generated an additional 3 million HIVE when the market was week.

There was another big dip a month ago which saw HBD holders convert over a million HBD to HIVE at under $0.4 . That was another 2.5 million HIVE dumped on the market in a slump.

HIVE has been on a downward slide since mid-April. The HBD market cap slid from $12.3 to $12.0.

BTW, when the witnesses decided to raise the interest to 20% I predicted that there would be a blood bath on Hive-Engine. The reason for this was that most of the money flowing into HE came from the HBD earnings on HIVE posts. Drying up the supply of SWAP.HIVE caused the HE coins to tank.

I also predicted that HBD would be sold during down turns. That seems to happen.

I also predicted that raising the interest rate would lead to a steady drop in active monthly users on HIVE. A large number of people in this world have been seriously harmed by debt and there are many, many, many people who avoid business relations with companies that push debt.

Anyway your data shows that HIVE is now paying over $1.2 million a year interest on its debt.

I've seen a few thousand people have their lives destroyed by debt. What happens is that there is a two year period where they purveyors of debt feel that they created a paradise. Things start getting tight in year three .... the over the edge period usually happens in year four or five.

Anyway, looking at just one figure in the Hive-O-Sphere provides an incomplete view of the system.

BTW: I see that you get upvotes from whales. I get downvotes from whales. This same pattern happens in companies that get swamped by debt. The merchants of debt praise those who praise debt.