The @hbd.funder posts (which is not run by me) have lots of information and links in the posts themselves.
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The @hbd.funder posts (which is not run by me) have lots of information and links in the posts themselves.
Fair enough, it wasn't my intention to imply that you are he. I know you are not Tim. I was just wondering if all the laudable efforts are making a dent in the stated goal? You do vibe with the project, right? You're not just doing that curation/reward sniping thing, are you? Thanks for the tip on where I can find more information!
It has purchased and stashed away in the DHF over 5 million HIVE, while adding over a million HBD to circulation, earning a profit of around 1.5 million USD for DHF, and while continually erasing Hive inflation (making Hive temporarily net deflationary while still paying rewards) and reducing the circulating supply of Hive below that of Steem (previously Hive had inflated more).
The purchased HIVE probably helps support the price of HIVE and the sold HBD probably helps get HBD closer to the peg, but neither is really provable as price action always has many factors (the quantity of added buying and locking away of HIVE Is provable though). I think that's a dent, but you make your own decision.
Again, I'm not math smart per se, but I noticed that on your @teamsmooth-mm account, that you're steadily buying up HBD. HBD's current price is $1.61. That said, how does all that buy pressure help to reduce the value of HBD down to a dollar? It almost seems counterintuitive to the goal of a dollar peg. However, it does seem that you are buying up HIVE on the @hbdstabilizer account, so that part shouldn't apply upward market pressure to the HBD. I mean, maybe what and how you buy crypto on your team account is none of my business, and that's fine if that's the case. I'm just trying to suss it out and figure out if I'm on Team Edward or Team Jacob. Are you a good vampire or a bad werewolf? Before you answer that, you should know that I have a thing for bad werewolves. So no more of that sexy numbers talk, like you did up there 👆, not unless you really meme it!
The teamsmooth-mm account is a market maker that buys and sells in equal quantity. It just serves to add liquidity to the market. It isn't a net buyer or seller.
Good deal. Most of this stuff is way over my head. There are so many different accounts, players, and socks on the platform. I'm not one of the ones who can readily figure these kinds of things out. I appreciate you taking the time to answer my crazy questions, Jacob ; -)
P.S. Don't ever let anyone tell you scarves aren't cool, scarves freaking rock!