The rewards for this post are set to 100% beneficiary going to the @hbdstabilizer account.
Benefits of @hbdstabilizer
- The @hbdstabilizer account buys HIVE on the open market with HBD when HBD is above $1.00 USD.
- This puts sell pressure on HBD (when HBD is above $1.00), which helps stabilize the price of HBD.
- This puts buy pressure on HIVE, which helps the price of HIVE go up.
FAQ
- How much of a difference is the @hbdstabilizer making?
- With the current proposal amounts from the DAO and HDB estimated at $1.50, the @hbdstabilizer account has been buying around $10,000/day worth of HIVE by selling around $10,000/day worth of HBD.
- When HBD is above $1.00, the @hbdstabilizer is actually returning a profit back to the DAO on top of returning 100% of the funds that are paid to it from the DAO. In an example scenario where HBD is trading at $1.50, @hbdstabilizer would be sending approximately $3600 profit per day back into the DAO fund.
- How often will these posts be created?
- For now the plan is to create one a day.
- Sometimes the posts may be created as comments instead of root level posts to reduce the amount of "noise" on the trending page.
- Why can't this be funded entirely from the DAO?
- The existing proposals have maxed out the amount that can be received from the DAO without taking away funds from other proposals. The funds from these daily posts will add to the funds that are provided by the DAO proposals.
- What happens to the HP that is sent to the the @hbdstabilizer account?
- It is powered down and sent to the DAO.
- Will the amount generated by these posts even make a difference?
- Every amount added to the @hbdstabilizer fund will generate additional buy pressure for HIVE and sell pressure for HBD (when the price of HBD is > $1.00).
- Aren't these posts taking rewards away from content creators?
- The rewards pool is a community governed fund, and it is up to stakeholders to collectively decide how to allocate those funds by voting on the posts that they feel add the most value to the platform. If the stakeholders choose to vote for funding @hbdstabilizer with some of the rewards pool, it is entirely within their right to do so.
- If the price of HIVE goes up, the amount of rewards in the rewards pool increases. That would mean more rewards to pay to content creators!
- Why do we need to see these posts on trending?
- The @hbdstabilizer fund is adding value to the Hive platform. Existing and potentially new stakeholders who are interested in the platform may find value in seeing it there.
Other posts about @hbdstabilizer
- Request for comments: HBD stabilization DHF proposal
- HBD stabilizer proposal
- HBD stabilizer algorithm
- Supplemental funding for HBD stabililzer
- HBD stabilizer update
Account Ownership
- The @hbdstabilizer fund is run by @smooth / @smooth.witness.
- This @hbd.funder account is owned and operated by @timcliff.
Witness Voting
I strongly encourage all HP holders to participate in Hive's Proof-of-Stake governance model. This means either taking an active role in voting for the witnesses you think are doing the best job or delegating your witness voting power to someone you trust by setting them as your voting proxy.
You can vote on witnesses here:
I'm glad you folks decided on meeting in the middle and not cluttering the trending page with several instances of the same copy/pasted post. Thank you.
How so? They are still cluttering the trending page with several instances of the same copy/pasted post, and promise to continue doing so every day.
That is a direct quote from this post. And I suggest you look at the trending page.
To be 100% honest with you, the first day I saw this post I was damn mad - the only reason was the lack of my knowledge about your action. I gave myself some time to read and explore the situation and I must say I support the action now... I was kind of dumb too. Just a tip, it's kind of bad to see that we together have enough power to boost up this movement, "we" might reward unique original content that deserves that with the same amount... And I guarantee I've red plenty of those. (Not a negative critics, just was wondering as someone pretty "new" to this. Have a nice day, be well.
I would like to have money or a lot of voting power to give 100% to this cause that in the end helps us and benefits us all within Hive.
Someday not too far away I will be able to give back to Hive all the good he has done for me.
This is probably the most bullish thing you can do. $10,000 a day of consistent buying pressure? I love it!
Very interesting and useful ,,, I like it ..;))
!WINE
Congratulations, @zelensky You Successfully Shared 0.100 WINE With @hbd.funder.
You Earned 0.100 WINE As Curation Reward.
You Utilized 1/1 Successful Calls.
Total Purchase : 24809.918 WINE & Last Price : 0.290 HIVE
HURRY UP & GET YOUR SPOT IN WINE INITIAL TOKEN OFFERING -ITO-
WINE Current Market Price : 0.273 HIVE
Serius
Mantap sekali
Congratulations @hbd.funder! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 1500 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
Since @hbdstabilizer, I lose money every day by trading in the Hive internal market. Before that, I earned. Fortunately there is still Steem.
@hbdstabilizer is a dumb buyer and increases volume in the market. It market buys constantly. If anything that should make it easier for smarter traders to make money (when I originally set it up, I considered it as a mild form of liquidity reward, encouraging people to trade profitably).
I have no idea why you aren't making money though, but I'm reasonably confident others are.
I don't blame @hbdstabilizer, I understand now the cause of my loss. @quicktrades is a dumb market maker bot that was successful on both blockchains before. I have now to change my strategy and knowing how your bot works should make the change easier, but I'm lazy.
@hbdstabilizer is a good idea to lower the price of the stablecoin while conversions work the other way. Your project is good and I could support it after starting to earn again.
good one!
Saludes por aca pasando