Everything Is Fine (Part 1)

A Status Review of Ongoing Stability

Don’t worry everyone. Everything is completely fine.
Nothing is on fire. Especially not your Hive Dollars.

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While casually sifting through the feed and enjoying a quiet bowl of imaginary noodles, I stumbled across a post that promised to do the impossible, and that my dear readers is to explain what is currently happening with hbd.

In the spirit of transparency, community dialogue, and continuous improvement, the following observations on human behavior and the systems that are, that are offered in good faith, with full confidence, due diligence, and the repeated assurance that everything is operating exactly as intended.

Same system. Different day.

But don’t worry. Everything is fine.

Does anyone else smell something burning?
Strange.
Must be the noodles in the pot.

In the post @enginewitty opens with a generous but still exaggerating understatement, noting that while the system may not technically be “*broken*,” it also isn’t doing the thing it exists to do.

This distinction is important. Broken implies failure. What we’re witnessing instead is something akin to interpretive functionality.

You see, it's not actually broken. The system is merely… adapting to its true purpose.

Hold on let me turn off the stove. I ran out of gas a week ago and I don't want to let the remaining fumes to do anything unexpected.

Enginewitty then notes a growing sense of unease among users(a very generous understatement of 2k people), a reasonable but emotional response triggered by the curious behavior of a so-called stable asset that continues to move in only one direction. ↓

At time of his writing, HBD has slipped below to $0.92. A number which, under older economic models, might raise questions. Thankfully, those models no longer apply.

Stability here is not measured in price, but in intent. The fact that the stabilizer continues to receive nearly four times the funding of every other passing proposal combined should be taken as evidence that it is working exceptionally well.

After all, if something weren’t effective, it wouldn’t need this much money to keep doing it.

Maybe we need to amp up the funding to 8 times. Double it, triple it maybe. After all, it’s not HBD that’s failing but the dollar itself. Faith in fiat is clearly collapsing upward, and it only makes sense that HBD adjusts accordingly to reflect its true value.

Luckily for us, we are reminded again of the seriousness of this issue, on how the system maintains its commitment to transparency with the low amount of funding of 12,000HBD per day! Not including the kind generosity of daily rewards from the comments made by the @hbdstabilizer account.

While some may recall an earlier understanding that these funds would eventually return to the DHF, such expectations overlook an important principle. Stability requires permanent but temporary stacking.

Provisional solutions demand long-term commitment.

Think of it like the hive community is developing some real strong diamond hands. Yet nothing reassures a community more than discovering that an emergency measure has quietly becometh a fixed asset.

Naturally of course, this inspires questions from many individuals watching the spectacular scene of events. Many questions! But as @enginewitty who is doing the heavy lifting of asking about, wisely assures us, there is no cause for alarm, because the presence of questions alone proves the system is healthy.

These noodles definitely didn’t taste like this yesterday…

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If everything is fine and you still want to help, XMR works:

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