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RE: HBD will be effectively illegal in the US under proposed Stablecoin legislation

in Hive Governance4 years ago

In my view yes, it would eventually become necessary if/when USD becomes highly inflationary.

It sounds complicated, but repegging to an index of commodities is actually quite simple technically and requires no changes to consensus rules. The challenge will be getting consensus on actually doing it. The drawback is that it's a little more conceptually difficult for the average user.

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I wonder if the exchanges would consider getting together to create some kind of AMM to back it, where users could stake their tokens for a small return.
Or as I have said earlier, perhaps the real usecase for BTC is to back a decentralised industry standard token.

This is not my area, so I am bit sure how it is accomplished.

It really doesn't need anything as complicated as that.

Repegging to an index is something the witnesses can accomplish very easily.

BTW, not sure, not a "bit sure" :)