Lawyers are wrong, why does that surprise you? The meaning of HBD has always been "Hive-backed Dollars" (and just to be clear, SBD stood for Steem-backed dollars, although I wouldn't be surprised if someone tried to retcon that).
You are viewing a single comment's thread from:
Obviously you were around and I defer entirely to your recollection. The more I've thought about it "Steem Backed Dollar" makes sense as a "Dollar" backed by a USD $1 worth of Steem.
I do remember finding it odd that Justin Sun's lawyers seemed to be so adamant about correcting the record on this point. It doesn't make any difference to their case as far as I could see.