You are viewing a single comment's thread from:RE: What Is the Vision for HBD?View the full contextmypathtofire (75)in LeoFinance • last year Why do we need to peg to fiat? Why cant we just use Hive as a currency?
Because it matters what you spend, not what you earn. If you spend USD or Euro, that's what it's best to be pegged to.
Plus, for businesses, it creates a more predictable income flow, not depending on exchange rates.
At some point we need to let our attachment to fiat go.
I think there's going to be a transition time when we will need to interact with fiat, probably quite a long time, until all our needs can be met with Hive providers.