It's still a taxable event in most places, going from HBD to HIVE, or vice versus, that is, regardless of whether it's done onchain or not. As @blocktrades says, the only advantage is internal, otherwise it's the equivalent of having fiat on the blockchain (to each his or her own I guess, but that kind of defeats the purpose of being in crypto to begin with, I would think). Was much more interesting pre-2018, but now it's only an "easy way" to calculate DAO funding (which could always be done on a theoretical basis and ultimately paid out in HIVE).
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The problem I see with paying only in Hive, is that there will only be more liquid Hive and there will be more inflation which would make the price of Hive lose even more value.