Downvoted Burn Posts are Fascinating

I think your burn posts are fascinating.

Since they are automatically downvoted they do the exact opposite of what burn posts were designed to do.

A typical burn post strips the author rewards while preserving the curation rewards.

A downvoted burn post strips the curation rewards and puts the author rewards back into the rewards pool.

HBD and Market Manipulation

As for HBD ... HBD is guaranteed by HIVE. Since it is guaranteed by HIVE, it is difficult to pump and dump HBD itself.

However, the guarantee makes HIVE more volatile. The statistics are extremely troubling.

In May, the top 8 accounts held over 50% of the HBD. Some of these top accounts converted huge amounts of HBD into HIVE. They then dumped the HIVE in a down market. This action amplified HIVE's low.

HBD creates a vehicle that allows traders to manipulate the price of HIVE wit lower risk.

By June the total amount of HBD had dropped.

At the end of June, 12 accounts owned 50% of the HBD.

Giving 20% interest on a coin that can be used to manipulate the price of HIVE is absolutely absurd.