RE: Why are all (mostly) proposals unfunded

[geekgirl]

Could you help me understand this?

These HIVE transactions are immediately converted to HBD by the DHF.

For simplicity purposes let’s say market price for hive is $1, and hbd $2.

1. dhf issues 1000 hhd to stabilizer.
2. stabilizer buys 2000 hive with it and sends it back to dhf.
3. dhf converts that to 2000 hbd by destroying 2000 hive and creating new 2000 hbd
4. dhf made profit of 1000 hdb

Is this how it works?