HBD Stabilizer, Just like Quantitative Easing for Hive

in LeoFinance3 years ago (edited)

Is there anyone else who is not impressed with the HBD Stabilizer using the rewards pool.

I personally think these communists need to fuck off and attention needs to be drawn to the small circle of people controlling the $500+ payouts for a fund they claim is stabilizing the value of HBD.

I personally prefer the Laissez-faire economic practice, and can't support this abuse of the rewards pool that is lowering the payouts of authors, especially those making under $20 per post.

@timcliff
@therealwolf
@smooth

These 3 users have control over 90% of the Hive Power used to vote for the Stabilizer.

Edit: Therealwolf doesn't control OCDB, I misread the dapps domain he develops.

This is just as stupid as the American government quantitative easing the stock markets and will lead to problems most don't understand pertaining to inflation... I am not going to make predictions, but I am going to accuse these 3 of creating the stepping stones that could lead to a collapse of 1 or more currencies on Hive, and economic recessions for people with small payouts for their posts.

qg4559kwnm.jpg

I have stopped all of my bots trading Hive until this matter is resolved and I have never disclosed how much Hive I hold on exchanges specifically to manage risk trade, but maybe if this issue is reoccurring I will release those details.

The risk for this is now changing, and these Stabilizer posts have permanently changed my risk assessment for trading Hive.

I will no longer be bullish on Hive until we have a real solution on chain for this issue that doesn't reward communists.

A Crypto Bull Reflects on Quantitative Easing

https://lbry.tv/@TheGenZGuy:a/Today's-Message-From-The-Fed--THERE-IS-NO-END-TO-THE-EASY-MONEY-FOR-THE-MARKET-.-Mannarino:e

https://odysee.com/@TheGenZGuy:a/Today's-Message-From-The-Fed--THERE-IS-NO-END-TO-THE-EASY-MONEY-FOR-THE-MARKET-.-Mannarino:e

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Downvoted for name calling, hostile tone, and general inaccuracy.

Okay, thanks for nothing.

This is a great way to build trust with the community for your project and I will be sure to pass this along to all my followers.

I don't know what sort of trust you think is missing here. The current balance of the @hbdstabilizer account is 0.000 HIVE and 0.000 HBD. Everything has been sent back to the DHF, generally hourly. There is a certain amount of HP that comes pre-vested from the funder posts and is being powered down at the maximum rate and likewise sent to the DHF.

You call people "communists" but it's rather laughable in addition to being inaccurate and hostile. The project is able to make (and is making) a profit on behalf of Hive stakeholders by trading on open markets, at open market prices. There's nothing more capitalist than that.

So what is stopping you from sending the funds to an exchange instead of the HDF?

If I started doing that, it would likely get unvoted. So I might get away with a few thousand HBD depending on how long it took for people to notice. People voting for the funding obviously consider that an acceptably low risk.

Okay, thanks for clearing that up, it is possible and trust is essential here. I just want to be seeing clearly what I am trading because I am risking my BTC from 2013 on this Hive account.

HIVE!D

"For reals... I dont know. I have no idea... I really dont know. I have no idea... I really dont"
~Hunter Biden
✌😎🥓🙏

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Though many accounts can be confusing to look at, I can assure you the OCD accounts are controlled by therealwolf.

You must know more than me. Never had anything to do with OCD. Feel free to enlighten me.

However, I can assure you that I have no intention of reducing the rewards for other authors and if you take a hard look, you should see that I'm actually voting quite conservatively on HBDStabilizer posts; and not even voting on comments; all of which I do support.

The idea behind HBDStabilizer is to use the peg above 1$, not to purely "stabilize the peg", but to also buy HIVE from the internal exchange for HBD (incl the HBD earned via posts/comments), which ultimately is good for everyone due to increased buying pressure and an actual deflation of HIVE.

Thanks for responding.

I guess I misread the format of your dapps domain. It says you're the developer in all the footers and when browsing the OCDB project page it says "developed by therealwolf" but I guess that's the domain, not the project.

https://hivedapps.com/apps/ocdb

Do you know who has the keys to the OCDB accounts?

Oh, never read it that way, but I can see how it could give the impression. No, I only created the hivedapps project.

Would you like me to remove you from the post? This is about inflation and problems with quantitative easing more so than who did what, I don't want to see a run on the banks from these 3 accounts.

Is that a concern you also share?

I do not have any reason to trust @timcliff and he is the one who enraged half the community with his ignorant views on the Justin Sun acquisition of steem. I see this as a threat to network security and financial security on Hive.

(Repeating the same comment from a similar thread)

I do not have any reason to trust @timcliff and he is the one who enraged half the community with his ignorant views on the Justin Sun acquisition of steem. I see this as a threat to network security and financial security on Hive.

I was against freezing Justin Sun's stake. I did support blocking his account from voting for witnesses because of the security risk it posed to the chain, but I did not believe it was right for witnesses to freeze anybody's assets. That is still my position today. I have always believed that the best solution was for the two parties to try and work things out, and if that was not possible, then to go their separate ways (i.e. fork).

was against freezing Justin Sun's stake. I did support blocking his account from voting for witnesses because of the security risk it posed to the chain, but I did not believe it was right for witnesses to freeze anybody's assets. That is still my position today. I have always believed that the best solution was for the two parties to try and work things out, and if that was not possible, then to go their separate ways (i.e. fork).

I've been thinking about this for a while and I think you were correct. After all, the potential outcome would have been the same with/without the freeze, while the freeze opened Steem up for the "hostile attack".

Thanks. It is really hard to say how things would have / could have played out differently. There were a lot of moving parts, hehe. I still stand by my decision (even though it cost me a top witness spot). I do 100% get why everyone else voted the way they did though. The way everything played out worked out really well in the end, because there was a very clear "us vs. them" decision to make and there was a lot of publicity around what happened. I do think that helped ultimately make the Hive launch successful.

Yeah none of us seen that one coming. Can't blame you for a knee jerk reaction I suppose it caught us all off guard.

I'd appreciate it if you'd remove what's not true.

In terms of trust: only @smooth has the keys to the HBDStabilizer account. And while I can certainly understand your frustration reg. the whole Steem situation, Tim has been around for a long time and I don't think there's any reason not to trust him.

At least it's only smooth who can do damage and I have no reason to not trust smooth, but people who sympathize with Chinese communists (not to be confused with good hearted Chinese people) that's a unforgivable offense. Tim probably didn't consider the Geopolitical implications of being neutral with a Jack Ma prodigy.

Well I already regret knowing @smooth, he must identify as a communist if he is unwilling to discuss this. As usual I find out, it's my way or the highway and we can all play that game @smooth.

@rawbe @frot @darkflame @unorgmilitia @antisocialist you guys can comment on this too, I'd be interested to know what you think of @smooth who is not willing to debate his ideas.

Well.. I love discourse, not discord.
I kinda wanna do a post about the hive devs/“leadership” in general.. but that is way outta my league, as I am just happy to be here, but yea. Other than that, it just seems like most people here know how to play the game a lot better than I do.. I mean shit.. now I know to stack my HBD in case there is an imbalance and then somehow I profit! So I wonder who knew this before hand, because the day it hit $2 it was like everyone was sharing the info on the “Meta” strat.

And I’ve been powering up and converting my shit this whole time.

Idk.. I’m the guy who dosnt read the fine print, or terms of service.

I have stopped all of my bots trading Hive until this matter is resolved and I have never disclosed how much Hive I hold on exchanges specifically to manage risk trade, but maybe if this issue is reoccurring I will release those details.

If it's a lot, why not power it up and influence the reward pool, including those hbd.stabilizer posts and comments, yourself? If it's not a lot, why bring it up?

The price is nice, a market sell off from this fund is main concern, I would want to match those orders if I could, regardless of how many 0s we are talking. It's hard to say how much it's worth to me when this whole account and all my others alts all came from a 2013 BTC investment.

Wow... Now I see comment farming...

This is fucking stupid and these communist fucking retards need to be stopped.

https://ecency.com/hbd/@hbd.funder/upvote-this-post-to-fund-hbdstabilizer#@hbd.funder/re-hbdfunder-qr6605

Yay! 🤗
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