In fairness;hive community blockchain as a whole have been fair enough at both ends to maintain stability of hive rate in all ramifications. In other fairness, Bitcoin has been tagged to be the only reliable coin out of the cryptocurrency coins. Ethereum comes second to be the second most reliable coin, all thanks to the new development of ethereum merge moving its reliability from the proof-of-work to the proof-of-stake which gives ethereum network room to be operated with far reduction of energy consumption by almost 99%. That's one of the fairness that ethereum merge has brought to us considering the interrelationships between hive coin and ethereum in terms of the mining aspect.

How fair is HBD as a stablecoin?

Stablecoin any kind of cryptocurrency that is created to maintain or stabilize the value of another cryptocurrency coin over a period of stipulated time. So,in lieu of this, HBD known as Hive Backed Dollar is a stablecoin, stablecoin to Hive coin to be precised. So with hive backed dollar being a stable coin to hive coin,I don't think we need to be affrighted with the rate of the hive value at any point in terms of the overall market value in general.

Why I feel bull and bear market run do not affect hive coin rate.

This is how I feel hbd as stablecoin has been serving justice to hive coin value despite the volatility of the bull and bear market. The hive coin has always been stabled to be fair because of the hive backed dollar, though the hive coin value may vary attimes to hive backed dollar as stablecoin just on rare or few occasions, maybe there is high demand or supply of hbd conversion rate to hive coin in the market.

More also,the fairness of hbd as a stablecoin can be felt on pay out on contents by content creator on hive community blockchain. For example,a certain post may have curation of 20HHIVE with the pay on 50/50 rewards. First 50% will go to the content curators as hive claim reward that will be added to the curators hive power while the other 50% will go to the content creator or author as (5)HBD and (10)HP(staked) pay out. This all are determined by hive value stabilized by hive backed dollar. Finally, on the part of the conversation rate of hbd to hive immediately after your pay out on that same content,you will observe that what you will get with converting 5 hbd to hive is probably close to 10 hive if not a little more.

Note that all are just my personal guess and observation. I stand to be corrected in all ramifications.t
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