For what it’s worth, I met @blocktrades in Bangkok last fall and he struck me as a stand-up guy.
But yeah
the HIVE tokens distributed to the DHF fund will be slow converted into HBD to top up the fund over a several year period and to prevent market flooding.
That needs a fuckton of clarity. Slow converted? WTF?
In general, I think @blocktrades is fine.
Like, who else is developing this place?
Where would we be right now in terms of the hostile takeover without them?
Still, alarm bells will always ring when we are this centralized.
I haven't met him. But he strikes me as a decent guy in his actions and communications. I think there's a lack of clarity here and a the fact that there should be more active oversight of the DAO will be even more painfully obvious once the additional inflation kicks in.
Howo pointed out that it was probably better to convert the Hive to HBD slowly instead of all at once, so that the HBD created would be better matched to the value of Hive over time, instead of the value of Hive at a single point in time. Hence "slow converted" instead of an instant conversion.