For those of you that are being swayed by the abusers calling for hbd to be eliminated, you should know that hbd's were included in the package, by the genius that put this platform into code the first time, to avoid 30m usd pizzas.
Now some demonstrated abusers of the platform want to see hbd go away.
You can be certain that it will benefit them at the expense of the rest of us.
They need their roi, after all.
Remember what's his name that made the first purchase with bitcoin?
He got some pizza.
He paid 30m usd for them.
This is why we have hbd.
If hive ever loses it's parasites, and market manipulators, is it better to have spent hbd, and the equivalent of one usd of hive, or hive that is now worth 10x what it was when you spent it?
Spend your hbd on stuff.
Plenty of folks here selling stuff.
If you have to sell it for steem because these people only accept hive, ok, but the idea is to make hbd a dollar replacement(except in other, more legal terms).
It is against the law to 'replace the dollar', because that is what has passed as 'freedom' in this disneyland for dummies.
However, it is not against the law to hoard coins.
You hoarders out there are doing a fine job.
We are killing the fed with our efforts.
They have to buy coins at face value from the US Mint.
source
Every dollar of coins in your pocket is a dollar out the folks' pockets that caused this mess in the first place.
If you think you are doing ok, wtfu!
You would be doing much better without the fed using inflation to keep you poor.
The taxes we have to pay in the form of higher prices is the main obscuration effort.
Think about it, how much of the price of that cup of soda is dedicated to paying the tax on the ceo's salary?
How much for the ceo's assistant's income tax?
How much of it is tax for the cashier?
How much of it is excise tax, because you are little b***h, and won't join us in the street throwing rocks at the expendable, low value meatheads that make this all possible?
How much of that price is fuel tax that was paid to get it to you?
How much was tax to pay the driver's income tax?
You see where this could lead us, don't you?
90% of the price of stuff is tax.
Which you morons gladly pay.
'Worst system ever, except for all the rest.'
That might be true, if all the others weren't crapitalism, too.
You pay more tax on top of tax that you already paid.
The tax you pay is figured on the taxes already in the price.
All hail, crapitalism!
Every knee shall bow!
You see how fast this adds up in the price of literally everything you buy?
But, it's gonna be ok.
Uncle Joe picked a nearly black woman to save you for when he strokes out over the Ukraine wanting him for his criminality there while he was in office.
All hail the criminal cabal you have bent over for your entire life!
Read an f'n book, morons.
This book was written before the cabal took full control of the minds of the masses.
That is you, for the most part, excepting only my most ardent daily readers.
They know the scoop, because I posted it coming on 4 years ago, and had been posting it elsewhere since 2004.
Thanks for your insight. We can all get caught up in distractions so easy. Shedding some light on the subject from this perspective is refreshing. Thanks again!
HBD needs to be pegged better. For a supposed stable asset, it's terrible at its function.
It's been doing ok for a while now.
Edicted had some ideas about firming up the peg, but the cone of silence doesn't let his voice into the inner circle.
No one spent a fortune on pizza. We can't just backtrack and project an x10000 network value on a new network that had no value. If nobody spent Bitcoin the network would not expand and it would still cost 10k for pizza ($115M). Bitcoins are not dollars, so this concept that $millions were paid for pizza is time-travel nonsense.
I used to be on the "let's get rid of HBD" train but I've come to realize that stabilizing the asset would be relatively easy using DeFi collateral solutions that have already been invented. Not only that, we can improve on the system and undercut all those greedy assholes by charging 0% interest on loans. We don't need interest rates, as the value this service brings to the network will pay for itself 1000 times over.
Unfortunately insulting people's intelligence and calling them morons is not a very effective way to build networks and get what you want. Common mistake; I hope you aren't making it, as I'll be the first to admit that this comment is also not very productive. Ah, sweet catharsis.
Truth be told what the cryptosphere really needs is a stable asset that stands on its own rather than piggybacking off the federal reserve. Weird how no one is talking about this or trying to implement it. Would be too centralized to survive perhaps.
Shit I guess I never even asked how removing HBD benefits abusers.
Pretty easy to make exactly the opposite argument.
Not saying I don't believe you, just trying to learn more.
I have picked your post for my daily hive voting initiative, Keep it up and Hive On!!
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STOPIf I can get another zero on any one of the coins I hold, I might just come pick it up in person.
I'm starting to get scared of crossing the border, I'd hate to disappear into the fed.
Were that to happen I'd go out doing what I loved, but still,...I'd rather not.
That wall works both ways,...