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 see this is working very well in getting that HBD back to $1 this will NEVER fix the issue you guys have got to figure it out on the back end on how to make it so HBD is roughly always $1 or simply just do away with it or leave it be. There are bigger fish to fry right now then trying to stabilize a coin that everyone knows has never been stable.
I suggest you stop thinking about it as just stabilizing HBD, but instead channeling excess HBD price into Hive price and reducing inflation. You're holding 57k Hive Power, and @hbdstabilizer is actively working to make that Hive you're holding more scarce and valuable.
well that's disappointing. I should stop caring about it simply because it's stuffing my pockets? Nah sorry not one of those people.
It's beneficial to Hive and HBD. What exactly is the problem?
Keep hearing people say that, but nobody can say exactly what benefits it has.
Tired of the thousand dollar spam posts on trending!
I literally stated the benefits in the prior post. It is currently virtually eliminating Hive inflation. Hive inflation has gone from way above the intended schedule, to very low inflation thanks mainly to hbdstabilizer.
It is also stabilizing the price of HBD, discouraging people from buying it speculatively, and channeling that excess price more quickly into the price of Hive so that HBD supply adjusts at a faster pace to the appropriate amount to keep it near $1.
In theory Steem has the same mechanism, where an higher price of SBD increases the utilitarian value of Steem Power, driving up Steem price to where SBD supply balances out, but in practice it is too slow a mechanism which is why we have seen SBD an order of magnitude higher than the pegged values, and it is currently completely failing to stay close to $1. Using the DAO fund dramatically speeds up this process and ensures that all stakeholders receive the benefits via increased Hive price.
We haven't managed to create a perfect stablecoin yet, but it's so far been better than any other with decentralized collateral (as opposed to centralized collateral such as TetherUSD, USDcoin etc). We can keep making it better instead of throwing our hands in the air and giving up the huge amount of financial value that HBD brings to Hive ecosystem.
Are you aware that you can block and ignore posts from accounts you don't like?
It doesn't seem that way at present, and I wouldn't be surprised to see this uptrend continue.
Do you think the speculators are aware of hbdstabilizer?
And, is it the case that the higher HBD goes, the more HIVE is bought, and in the long run this project will have a positive influence on HIVE price?
This might not work, but how about this as an idea and I don't know if it helps stabilize HBD.
Use the savings wallet as a staking point like a defi pool, but it attracts Hive as an automatic percentage of curation as if it is active (for example 50%). This would give it a return of ~10% A year in Hive, less than curation, but far better than a bank. Can this pool of Hive be then used to further stabilize HBD?
I think this would may also create some market scarcity and push the price of Hive up, as it gives a bit more passive use case to holding Hive on chain, rather than on exchange.
NB: I have no idea how to stabilize a token :D
Block and ignore posts?
On my screen it's called "mute", and only works on members, not posts.
I agree, it's short term thinking, and it's the wrong sort of demand for a token.
Such as what?
Posted using Dapplr
There is already a solution implemented in HF25. Conversion of HIVE to HBD.
Honest questions
Why don't we wait for HF25? Why are we doing this instead?
Why is it simply thrown into the Hive.Fund? Why not burn it.
Surely with nearly 900 Hive being added into the fund every hour and currently sitting on 76.6 Million Hive it's not really needed and could be better used elsewhere in another function.
Correct me if I'm wrong but 900 hive each hour over 24 hours is $16,000 not $3,600
Thank you kindly for taking the time to address those questions I appreciate it
It will take some time to achieve the goal. In the meantime, it is adding buying pressure to HIVE.
Does your price-feed include the internal market? If so, would it measure up on a volume weighted basis?
The info on how the hbdstabilizer account works is described in the posts listed in the article.
I am well aware how it is supposed to work.
It turned from a stabilization effort into a trading bot that sometimes crowds out funded proposals.
how about a new picture from time to time :)
bloody marvelous picture. oh and did you get a hair cut? you look the same but different :)
It's just a tan, but different.
Yup I agree... I made some. Thank you for the sugestion.. who knows if they will use it tho.. HAHAHA.
I like the one I'm using for now :)
Or no picture, so this spam takes up less space on the valuable trending page.
it's a good post to just come and hang out on. Something warm, cozy and familiar about it. :)
wow nice move. Hope everything works out at the end. I want i stable HBD
Dont know if this really works, people is dumping hive and buying HBD moving it to upbit where they buy hive again a lot cheaper... Internal market should fix the price of HBD for this to work...
The account is selling HBD to buy HIVE every day. The price on the internal market is 100% based on what buyers and sellers are trading at on the market.
Nice to her about this, so lets make a lot of great news
What a good strategy !!
!WINE
Congratulations, @cryptoaeneas You Successfully Shared 0.100 WINE With @hbd.funder.
You Earned 0.100 WINE As Curation Reward.
You Utilized 1/2 Successful Calls.
Total Purchase : 24816.918 WINE & Last Price : 0.290 HIVE
HURRY UP & GET YOUR SPOT IN WINE INITIAL TOKEN OFFERING -ITO-
WINE Current Market Price : 0.270 HIVE
Serius?
Usefull update
Congratulations @hbd.funder! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
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
STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
What is?
Great job!!
Great initiative.
Great job. Have a nice day
I am a new user here can anyone help me
Hi 👋, What do you need help with!!?
Great job
What are the benefits
I think it's great, Hive is the future, we are growing and in a short time Hive is going to give a lot to talk about. The investment in hive is safe and with a very good growth expectation.