I think it is probable that HIVE is a gas (sort of, if RC persists) and governance token. In fact, that's 99% of what it is now.
The main use case for HBD is most everything else people want to do on the chain in terms of base level transactions and fees as well as being a sink for capital people want to stash for yield. Currently account creation fees are denominated in HIVE, for example, but that's kind of dumb since that jumps all over the place for no good reason. When SMTs were a thing, the fee to create was originally going to be SBD for similar reasons. The promoted page worked that way, way back in the early days. We're using it for DHF, where longer-term project funding works well with the stability and contractors using and holding the token themselves is fine since most expenses are fiat-denominated or regardless of denomination are usually tied to purchasing power in some manner.
I remember that discussion. IMO we should go 1 step ahead. Combination of Social media and payments in a stablecoin.
No hive needed for it ( could be a transaction fee that's super little for RC delegators).
Super easy to use and for anons. IMO it would generate demand by nature. The only thing it needs must be cheap to generate as much we need of HBD.
If HBD should be only for transactions ( like SMTs), I would prefer a time token.
Hive into HBD ( Token is for the transaction/ some time) for transactions and back into hive.
the mechanic would be only to value it in USD. For simple onchain payments it would be enough.
Everything else should be in the manner " think big" Imo :)
What is a time token? I'm not familiar with the term.
Term = random Urun name :P
What I mean by this is:
For Onchain transactions ( like token creation paid in USD), the value of Hive matters.
So it could be an internal thing Hive ---> USD value -----> HBD ----> pay in HBD and after back to Hive ( or burn). Sure last 2 steps make no sense. Only if we would allow a timeframe the USD coin exists (like 24h-7 days).