I'm curious about what happens if the US dollar crashes. Would that cause any potential problems with the math that generates HBD? After the next HF, HBD should be pegged down to the dollar. Will it be possible to modify the funding DAO to issue Hive instead of HBD?
There is actually a system built into Hive already for the scenario where the dollar going into hyperinflation - the way it works is that if the HBD debt to cap ratio were to go below a certain limit, the peg will treat it as if it's exactly at that limit. Thus in such a scenario there is a limit to how much purchasing power the HBD could lose.
Additionally, if the dollar is in high but not hyper inflation, Hive witnesses can increase HBD interest rate to compensate for that.
Ah, thank you for clarifying that for me!
On top of that, it wouldn't even take a hard fork to repeg to another stable measurement of purchasing power. If witnesses agreed, they could repeg to a certain amount of euros, pounds, swiss francs, or even a certain weight of silver or gold.
Hmmm, Hive Backed Euro in our future? The way my government is printing USD, it seems likely.
Hahaha exactly. We should push hive dollar up not down. Let it be the low supply RARE hive used as the Author Reward Stimulus token
Youre so right... what if the dollar is no longer a valid currency hahaha it wont define value in future so kets just use BTCP or LEO or get @aggroed to start a service like @likwid to set all your beneficiary rewards by default on every post.... but which pays you back not in liquid HIVE but swap.BTC or swap.DOGE or LEO any choice of hive engine token which it will buy automatically