RE: HBD Crossed the 10% Threshold ... Play Stupid Games ... Win Stupid Prizes

"The price of HIVE has been in steady decline since the decision."

"If you look at the history of honey-swap; you would see that a large number of players pulled their funds from HE and put the funds into HBD. You will also see that 20% interest on HBD reduced the flow of funds into HE."

"The 20% interest on HBD failed to bring in new investors."

I'm not saying these things didn't happen. I point out that the oligarchy can only maintain it's plutocratic control of Hive as long as it doesn't incite outside financial interest from relatively small investors, like Sun Yuchen. Trying to maintain the oligarchy on Hive requires a delicate balancing act, because they need to maintain ROI without facing hostile takeover. That seems to require a shrinking userbase and declining token price, because sharks are circling, looking for ROI.

HBD's 20% return offers a way for sharks to invest in Hive without changing it's paradigm, to prevent Hive from suffering Steem's fate and the extant oligarchy from losing control of governance, IMHO. This is your real problem with 20% interest on HBD, that it works to attract that stake and dampens ambition, as it is implemented to do. The DHF transforms the Damoclean sword of the Founder's stake into a mechanism to redistribute that stake to the remaining oligarchy through proposals, such as HBD Stabilizer, Valuplan, HW, SPL, and etc, that may promote growth rhetorically, but do not threaten it in actuality.

Actual growth is no less an axe poised above Hive's neck than was the Founder's stake, as Steem shows.

Edit: I am confident that any mechanism that potentiates growth without facilitating the subsumation of Hive by BlackRock or lesser stakes would be eagerly adopted by extant stakeholders. What would you propose?