RE: Everything Is Fine (Part 2 of 2)

"...something by how the pegging is handled is not satisfactory."

Aha! I think I know why HBD is a little down. I think if you were the recipient of unsatisfactory pegging, you would be a little down too. Maybe someone should take HBD out to dinner, for a drink, or at least give it a kiss. I'm sure you'd respond more favorably to being treated to a night on the town, a few drinks, and kissed before you were pegged, amirite? You might even be up after such affectionate and considerate treatment. YMMV

Anyway, I haven't given this much thought before Engine's post, but now I am just as baffled as to what exactly the circuitous route tokens take in the Stabilizer is supposed to achieve. If they were buying HBD at a price higher than the $.96 it is currently on the market at, then I can see how that excessively convoluted mechanism would operate to raise the price. Same in reverse. However, they buyers would be paying the sellers a lot of money to do this, and a quick glance at Hive oligarchs suggests that would become a very popular opportunity to extract value from the ecosystem. After all that's who's upvoting the HBDfunder posts, and raking in the curation rewards for so doing bigly.

Who knows if something like that is actually happening. Is it happening? I sure dunno.

Thanks!