HBD printing only gets out of control when the price of HBD spikes high and doesn't come back to $1 for a long time.
Do you think this is because everyone wants their author rewards 50/50 in HP and HBD in that case? I think it makes a lot of sense to opt for 50/50 when HIVE spikes because you'll get a lot of HBD that has a price floor unlike extremely volatile HIVE that has massive downside after it has spiked.
HBD does get burned at the bottom when HIVE has stabilized and risen enough to make HBD's market cap relative to HIVE's market cap to get to 10%. That's when we'll see a long-time suppression of the price of HIVE owing to all the HBD->HIVE conversions happening.
We really, really need a collateralized debt based stable coin like DAI implemented on HIVE. Fees on Ethereum are atrocious. Hive has zero fees. Wrapped versions of major cryptocurrencies and HIVE itself could serve as the collateral.
That could bring capital to HIVE and make its price go up in a sustainable and stable manner along with allowing the creation of a working stablecoin.
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