RE: 4 Steps to Repeg HBD as a Commodity Currency

[d-silva]

Hive is a global p2p blockchain... maybe the next the bitcoin will become illegal too. By the way, HBD is worth $1 of hive and not a dollar. Maybe we could change the name: HBD = Hive backed Dai.

Comments

[demotruk]

By the way, HBD is worth $1 of hive and not a dollar.

I know, but by the definition in the bill, that still qualifies as a fiat-based stablecoin. It doesn't have to be collateralized by USD, it can still qualify if it is "pegged" or "tied" to USD, regardless of how it is collateralized. HBD central premise is that it is pegged to USD.

maybe the next the bitcoin will become illegal too.
I also agree with this, and perhaps Bitcoin is large enough to fight the state and win. Hive as of now, is very much not large enough to beat the state in legal battles which are primarily about resources.

[pibara]

This is a hive-archeology proxy comment meant as a proxy for upvoting good content that is past it's initial pay-out window.

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