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https://ecency.com/hive-167922/@phusionphil/hbd-stablizer-just-like-quantitative

I was mad, swore and called people communists. Be careful, very oppressive language.

Lol at least I made them laugh, I just want answers.

 3 years ago  Reveal Comment

I am greedy myself but when you are unconsciously greedy it creates the type of human you speak of that must be caught by the tongue.

IDK if that fair to say as all the money is just returned back to the ecosystem.
So far for more than weeks, the funds have been returned to the DAO.
It be to see if after the new HF that HBD will return to $1 peg if given the ability to go two ways instead of the one way peg

I don't think you got the whole story.
The fund which they announced with all intent is just using existing inflation to get the HBD and sell it on the market to help bring the peg back in place and return back to the ecosystem.
Due to the unpeg price they actually run a profit to the ecosystem(like 20-30%)
Never hide their goal for the money raised.
At first the DAO fund was being used but the fund used all the remaining funds for the week up. And then the bull run is so large that it not enough to return the peg but a profit is being made and returning to fund the DAO.
Thus using post rewards was the other option so a backstop.
The next HF aims to fix this by adding a two-way peg like Haven: $1 in hive would make 1 HBD.
Currently 1 HBD allows to be redeemed for $1 in Hive but not the other way around.
So when HBD goes over $1 there is no system in place for traders to use the market force to arbiatge HBD. Qith the new HF If HBD is over $1. Then you can use $1 in Hive to make 1 HBD and sell it that 1 HBD and get the thin profit(or in this case mega profit).

Apology to who? They told what the fund was going to be for too. They didn't even hide what they were doing with the money lol

I should also point out this project was also the more detailed about what they are doing with the finds than most.
Of course like all things you need people to look into it but this is far the one that most people could actually get more info on since this had so much money to deal with it.
Also the DAO fund is a common and well tested system used by other coins such as Dash and Decred so the inspiration for a more decentralized funding source that many argue that coins without such as bitcoin and Ethereum are more prone to outside control. Does anyone really know though? No as all things can be exception

Well this is a POS system and thus according to the laws of the market the consensus has verified it as such.
They don't need to apologize for such and have used their stake in market based way. They have not lied and like all systems some people will be unhappy.
I won't convince you this is a good think as you think this is not ideal but this is how POS works.
At the very least I can tell you that none of the stake is being used to benefit the long term development fund so the platform can find itself.
If you don't like this scenario you must not like having no power in DPOS nor other POS chains which I think is fair enough.
Since this is all open source and blockchain options to move is more possible. No one has found a better system but all hope is not lost and maybe we will see a system more equal for all users though some people might think this is communism. Who knows 🤷‍♂️