This proposal adds an additional 800 HBD/hour of funding to the HBD stabilizer, described here as well as in several other posts in my blog.
The previous supplemental funding proposal describes how the various (100, 200, 300, 400, and now 800) proposals can be used by stakeholders to vote for any level of funding between 0 and 1500 HBD/hour in increments of 100 HBD/hour, or can be voted to a position above the return proposal, becoming a destination for otherwise-unused funding.
Based on current prices, daily funding to @hbdstabilizer results in approximately a 40000% annualized (non-compounded) return to the DAO and to Hive stakeholders, accomplished by transmitting excess demand for HBD into demand for HIVE which is then purchased from the market and sequestered back into the DAO. Currently, approximately 40000 USD worth of HIVE (50000 HIVE) is being purchased and removed from the liquid markets per day.
Of the currently approved budget of 700 HBD/hour, approximately 650 HBD/hour is being used. Approving additional funding will allow this to increase over time as the available HDB budget grows.
Proposal number is 169
Hivesigner link to approve
Peakd proposal link
Ecency proposal link
100% beneficiary to @hbdstabilizer
please add peakd proposal link
Done
https://peakd.com/hbdstabilizer/@smooth/supplemental-funding-2-for-hbd-stabililzer
https://peakd.com/hbd/@smooth/hbd-stabilizer-proposal
Is there a specific problem that you have with me or my posts? I have noticed two significant downvotes in a row on posts of a popular book that I am sharing for free on here. I am careful not to spam and my material brings in a lot of outside visitors. Since this has been two times in a row I am concerned that something about my posts is unwelcome.
Two votes in a row is pure coincidence, and I wasn't even aware of it.
My votes are all based on subjective and causal browsing. Where I see rewards that I feel may be out of balance with many other contributions on the platform, I will downvote. This does not mean that I do not think your contributions are in any way bad or should not be rewarded (unless I'm mistaken, even after my votes there are always significant rewards being paid out), and I hope you don't take it that way.
Ok I see. I appreciate your quick response. I only reached out to make sure that I wasn't breaking any community guidelines or posting too much or anything like that. I try my best to be a good participant here.
Nah he just flags people because he has nothing better to do. Gotta keep the poor people poor so the rich can continue to stay on top. ;)
Share your experience here
https://hive.blog/hive-156509/@ultravioletmag/smooth
Of course your not breaking community standards by receivng upvotes from people. This guy is robbing people.
Yeah I have worked really hard to build an audience here and this guy can just come along and take away half of my earnings. Makes me not want to post here anymore. But I gotta kiss his ass so he doesnt target me. its rediculous
It’s obvious what’s happening they don’t want any newer people to potentially match their power so they lose the grip. The person they are angry about ( Justin sun) just does the same to them they do to us lol.
That makes perfect sense actually
This was how it was in the early steem dAys. The full story is in one of my replies on the post I made on my wall in comments section. A bunch of them used to sit in steemit chat room 2 ( a guy invited me randomly) back in 2017 and they used to laugh at newbies posts and laugh about reducing their rep to 1 and descimating them. They used to flag new users to zero just for fun or cause they disagreed with a post. They got diluted eventually on steemit and now it’s began on hive. They want people to constantly live in fear of them. At some point you have to stand up and be counted though. I get it we don’t like losing money but if we continue to accept it then where do we end up begging for a dollar?
Notice those same ppl from that room happily get 80 dollar posts now, for just a load of waffle. Hey I’m not here to judge if ppl like what they write then so be it same as they should honour if ppl want to upvote my posts.
It's okay, gotta make sure nobody earns as much as you do, right? Just flag people for earning less than you? Nice.
Yeah he upvotes all his posts
Do you ever upvote anyone other than yourself? Just a question
All your posts are upvoted by yourself. Go check.
Which smaller creatives are you upvoting and helping support on this platform? Can you give us a list. I can give you a list of some you have taken from. One lady who predominantly shares and upvotes other community posts then she makes one post of her own and gets a good payout and you swoop in and rob from her.
Which smaller creatives are you upvoting and helping support on this platform? Can you give us a list. I can give you a list of some you have taken from. One lady who predominantly shares and upvotes other community posts then she makes one post of her own and gets a good payout and you swoop in and rob from her.
I mostly don't support creatives at this point, I think they are getting enough support from others that focus on that. I do occasionally vote one if I see something that particularly impresses me. I also regularly support comments since I believe that engagement adds more value to the platform than even more content (we already have plenty). That's my point of view.
I mostly vote to support the platform, ecosystem, marketing, developers, etc.
There is a role for both.
So basically you support only yourself and your already rich mates and rob from smaller creatives who get a real nice suprise once in a blue moon upvote.
How is taking Away from those who are smaller trying to build on the platform supporting it?
We post a lot of the time for 1-3 dollars and occasionally get a big payout and you come in and steal it. It’s gross. Shame on you.
I saw one lady who spends 90 percent of her time upvoting others and re blogging her community and then she makes one payout that got a good upvote and you robbed a bunch of it.
Let’s collate here
https://hive.blog/hive-156509/@ultravioletmag/smooth
Unrelated to this post: just curious why you've started flagging my posts?
Not systematic to your posts. I browse around and downvote if I feel rewards are excessive.
Cool, just checking in that I wasn't getting roped into someone else's flag wars again or something.
Do you know how to get content for someone? The journey he takes, presents interesting posts, and maintains originality! Is it fair how you judge someone's reward are excessive? Thank you!
#Hiveisalive
#Jointherevolution
Note he upvotes all his own posts and comments. He seems to deem those worthy 🤣🤣
Let’s collectively get together and upvote everyone’s posts and comments who has been robbed. I might not have loads in hive but we can all make our differnce.
I checked you page and can see you spend most your day upvoting and sharing other ppls posts, make one post and get a rly nice upvote and he has swiped it from you.
Let’s collate here
https://hive.blog/hive-156509/@ultravioletmag/smooth
Bersyukur dan ikhlas
Buenas noches amigo @smooth. Soy@elinorrg. La única manera que vi como comunicarme con usted es por esta publicación.
Quiero que tenga la amabilidad de responderme el porque el voto negativo en mi publicación:
https://hive.blog/hive-141487/@elinorrg/active-bee-unicamente-tu-cover-por-elinorrg
Y tener la bondad de decirme cómo hago para seguir publicando y tener el beneficio si mi vida depende de mi trabajo en hive. Como puedes ver soy muy constante porq es mi trabajo y mi fuente de entrada y primera vez que recibo un voto negativo. Quiero saber si me afecta en mis publicaciones. Me di cuenta y no veo nada malo en mi publicación y yo Lo único que hago es cantar, emprendedora y publicar.
Espero su pronta y amable respuesta y solución que pueda yo hacer. Saludos. Que pases buenas noches.
Gracias por la nota y me disculpo de antemano por la traducción automática.
No hay nada de malo en tu publicación. Busco y evalúo publicaciones que creo que pueden ser recompensadas en exceso en relación con las muchas otras publicaciones y colaboradores de la plataforma. Los votos negativos funcionan para redistribuir las recompensas a otro contenido y no siempre son un signo de desaprobación o abuso percibido.
No le guardo rencor ni a usted ni a sus contribuciones y no haré todo lo posible para rechazarlas con regularidad. Como indiqué, se basa en una opinión subjetiva de ver esa publicación en particular con recompensas que vi como fuera de balance con muchas otras. Te deseo lo mejor.
Ok gracias por aclarar amigo. Pero debe saber que no tengo culpa de esas recompensas porque no conozco a nadie solo me dedico a publicar porque es mi trabajo y creo que por la constancia que tengo merezco mis recompensas que se crean convenientes..yo he visto publicaciones que están excesivas comparado al contenido que tienen sin embargo me alegro porque hizo un esfuerzo por trabajar pero yo respeto su trabajo de evaluaciones. Pero el caso que quiero saber es si esto me perjudica en mis publicaciones futuras con ese voto negativo en ser vista como siempre y curada. Porque yo trabajo sin cesar y cuando me enfermo como estos días que tengo tratamiento de malaria no pude hacerlo por una semana ahora me siento mejor que fue cuando comencé a publicar y me sale el voto negativo.. pero ya aclarado el porque necesito saber lo que le pregunté..si me perjudica y en dado caso como se elimina..me siento mal con algo negativo en mi cabeza jajajajaja jajajajaja..me disculpa pero es así..le agradezco su amable respuesta..
Are the trades, selling HBD, buying HIVE done only on the internal market?
They are, but there is plenty of arbitrage. Bots send the HBD to other exchanges (mostly Upbit) and pull back from there HIVE.
By doing it entirely on the internal exchange there is full transparency of the entire process. None of the funding whatsoever ever leaves the chain before being returned (with profit) to the DHF.
is there an option to do this on Bittrex?
Bittrex is slow (transfers take at least 5 minutes to be finalized) and unreliable (deposits/withdrawals were often disabled for ages over the last months).
Something you have to take into consideration when writing a bot.
I prefer to keep the transparency for now. There are bots that do arbitrage trades between internal and bittrex as well.
And who gets the profits from the bots?
Whoever runs them, but it's usually pretty small. The prices are roughly in line, people are picking up pennies. If the profits are large, then I would encourage you to do the same thing and get your share (doesn't even necessarily have to be a bot, you can just trade manually if there is a large abitrage and you think you can make money from it). This will help keep the prices even more in line.
And to be explicit, I don't run any of these arbitrage bots, I don't know who runs any of them. I don't benefit in any way if they make money.
I do run a market maker bot that does nothing but trade neutral (buying and selling equal amounts) to keep the spread in the internal market low. It also has all activity on chain so it is transparent (@teamsmooth-mm).
Thanks, explicit answer!
HBD hit $3 earlier today. I don't think this project is working.
while stabilization doesn't seem to work, it is still returning massive returns for Hive holders how I understand it. So it might still be worth it
That's completely correct.
Also, hard to say that it entirely isn't working. HBD is definitely not stable, but it could be even less stable too. Also possible that it hasn't yet worked at past funding rates, but funding rates are increasing and it may at some point start working.
that's why I think a DAI version of it would work better :)
supply on demand.
IMO it would also increase the hive price, because for the demand on hive to generate the dai version + it would be locked up in that timeframe.
But for the moment, the proposal is the best thing we can do for now. But longterm ( midterm) we should think again about change it :)
And if it doesn't work, well, then it just works a different way.
Maybe. We will just have to see. I am just glad that the HBD is being used to buy Hive and not just going into someone's pocket. It will be interesting to see how this plays out long term.
It's buying a lot of HIVE right now, nearly enough to offset the entirety of Hive inflation. If a new investor came along and was buying 40000 USD worth of HIVE every day we'd consider that very significant in my view.
As funding increases and/or the price of HBD stays high or increases we may actually more than offset inflation making Hive (temporarily) deflationary.
By 'current_supply' metric, it's already going into deflation.
Interesting, my back of envelope calculation was based on total inflation including the part that gets dumped into HBD immediately and doesn't show up right away in current supply. So indeed current supply inflation is lower to begin with. Thank you for pointing that out.
Nice
that's cool :D
Ya, I think the long term potential is there. I think it is just hard to try and keep the value of HBD as close to $1 as possible when it is tradeable on the markets and people are willing to pay a lot more for it. I am just glad that the funds are all being put back into the ecosystem.
This might actually be causing a contrary effect, keeping the HBD price cheap in the internal market while is higher on upbit, arbitrage will make it harder for hive price to surge....
No, no matter what, it increases supply of HBD, and that HBD will find its way to those external markets. So it will work against HBD price rising above $1. As smooth mentioned, it's just a question of how much may be needed to get the price down to $1.
I understand, it might work on the long run, but for now seems like people is hoarding HBD on those external markets, or i really dont know why is going up so much...
I think it's called "irrational speculation" :-) I think it happens a lot in crypto.
Yeah well, just see at SBD price and think thats irrational LOL, i remember when SBD reached over 14$... You think that can happens to HBD too? should we take advantage doing arbitrage?
With the pressure created by hdbstabilizer, I personally doubt HBD will go so high. But it depends on how much money the speculators have, and how much the hdbstabilizer can work against it. HBD did briefly make it over $3, but there's more funding for stabilizer now. For myself, I'm trying to avoid holding HBD right now. I plan to continue with that strategy as long as it's much over $1.
Let's hope they have a lot. I'm enjoying my percentage stake in Hive increasing due to the stabilizer purchases pushing Hive current supply into deflation.
Yeah, but you have to agree its tempting for many to hoard HBD and just watch it moon... The only reason im not sending it to upbit its because i really dont like or trust that exchange...
Exactly I dump all of my HBD as I know the goal at some point is it will be worth $1. Are there details as to when the HF will take place and what is so far approved for it? From what I remember this was a once of year thing? or are there plans to do it more frequent ?
Amazing. Having two coins listed funneling buying pressure into one now looks like a hack everyone should copy lol
Lol, you could do it at scale too: create a hundred coins, generatable from one coin, then profit from random pumps by senseless speculation on crypto markets. Almost afraid to publish this idea, since someone might actually try it...
Exactly, I was thinking about this the other day but couldn't find a legit way of having this on hive without killing the coin in the bear market or scamming investors in the new coins.
Hive backed once of gold.
Hive backed silver pound.
Hive backed potato.
I am sure the community can come up with some very useful sounding names.
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STOPCheck out the last post from @hivebuzz:
This is litterally what ruined ethereum when ethereum classic was manifested @timcliff
I am just stopping in because i was curious about your recent down oye on my post.... I was wondering if there was something I had done, or if it is just that you didn't like my post? Any suggestions that you have for the future concerning my post would be greatly appreciated. I hope you have a wonderful day and I wish you and your loved ones the best! 🤗
Please read this comment which applies to yours as well.
I see my friend. I appreciate you taking time out of your day to respond to me. I understand your position fully, and respect it. I sent my best wishes to you, and hope you have a great day!🤗
Did the same to me. I don’t understand why people downvote posts it’s pathetic. He upvotes all his own posts and comments though please note.
This battle is quite interesting indeed.
It hasn't been smooth sailing haha.
Also got my support