RE: Finding out how does HBD interest work by reviewing code

Thank you for this comprehensive review.

I'm pleased to see that the witnesses are working to improve the dynamics of HBD, rather than getting rid of the stablecoin altogether.

The main problem with a mathematically pegged stablecoin is that debt obligations increase the amplitude of the underlying asset, in this case HIVE. When things are going well, the HBD makes them even better, while in hard times, the HBD puts additional downward pressure on the price of HIVE.

I think that paying this price (increased volatility of HIVE) in exchange for a stablecoin for e-commerce is the right choice for the long term success of Hive.