RE: Should we consider pegging HBD to gold instead of the US Dollar?

[geneeverett]

Hell No! This is the most ridiculous idea ever! U need a third party to store Gold and it doesn’t work in crypto. It defeats whole purpose for being decentralized and not needing to trust a 3rd party. The most funny thing is most these good back crypto’s do is store the gold at a government mint 🤣

A peg with no backing but just an artificial stabilizer type thing would also be silly. The purpose for HBD was always so we’d get a portion of rewards in liquid value we could reply on regardless of Hive movements. Changing HBD to a physical commodity without backing type thing would be a mess and total fail fast.

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Comments

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