That is true but if they are swapping HBD for HIVE, why sell immediately after? Why not just sell the HBD for whatever is desired? HBD is a token and can be exchanged for whatever people want. I know the exchanges carrying it now is limited but there are a few. If one wants Bitcoin, send the HBD to an external exchange and buy Bitcoin.

For example, if people who stake Hive are given HBD as reward, this makes things pretty interesting because as a stable(-ish)coin HBD provides a guaranteed income.

People do that now although not for HBD but for more HIVE. Power up and you get paid a but under 3% on your HIVE.

Plus what you describe could be a second layer solution. There is no reason why a liquidity pool cannot be started using HIVE and pay out rewards in some type of token. It wont be HBD necessarily but staking HIVE for a token is possible.

No reason that needs to be at the base layer.

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