Please explain this:
HBD already has mechanics that help to stabilize the price to $1. This gives us way more options in terms of how we want collateralized loans to operate. With Dai, the MakerDAO must assume that bad debt is the worst thing in the world and must be eliminated at all costs. With Hive, this is not the case.
I still haven't figured out how SBD and now HBD work.
Thanks
when HBD is higher than $1 Hive prints half of all author rewards as HBD. When HBD is lower than a dollar we print less and can burn the HBD for hive.