Printing new HBD when it was valued at $1.20 was great for DAO. I fail to see how printing extra HBD at the current $0.97 helps DAO.
It helps liquidity on the internal market but it presses HBD/USD down incentivising private entities to convert HBD back to Hive anyway.
It is nice to have it ready but I do not see how supporting it atm is good (let alone calling it a no-brainer as someone else did).
Since proposal fees are burned, approving the reimbursement proposal is, in effect, a burn.
I think @smooth fully deserves the fees to be reimbursed but having said that, the quoted statement is misleading. The fees had already been burned and the decision on Proposal 192 makes no difference on burning.
In case anyone wants to try and prove the statement true, I have no objections to that POV, it just makes "rejecting the reimbursement proposal is, in effect, a burn" sound true as well.
You're right about the burn aspect. I removed that sentence as it was confusing.
When HBD is under one dollar, the funds recieved from the dhf in form of hbd are first converted to hive and then used to buy hbd on the internal market to support the one dollar peg ... basicly hive is sold for hbd