Again, very interesting and educational. I really have to read these articles twice, just to grasp some of the concepts. This is not due to your writing, but simply my lack of knowledge on this topic.

This is probably a very dumb question I am about to ask now. But as I said, I'm simply not strong on this topic. Anyways...

You mention that all the stuff built around HBD could enhance the value. I just don't understand what you mean by that. When the HBD price is kept "stable" w.r.t. the dollar isn't the general value of HBD also stable? In the end, one could always buy HBD for 1 dollar.

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