There was no Hive (or Steem) DAO when HBD (SBD) was created. The Steem white paper explains why SBD was created, as does the Steemit evil plan post.
https://peakd.com/steem/@dan/steemit-s-evil-plan-for-cryptocurrency-world-domination
TLDR: Steemit was supposed to become a marketplace with social media. The marketplace aspect of the site never really developed in reality.
Damn! I miss that Dan. Very much sounds like @edicted.
Can the marketplace really be the missing piece of this awesome tech?
Thanks for linking that post