Haha, yeah 🤣 was just pointing out that it is '45x' the size of the entire gold market.
why would you delegate lock HBD? It has no impact upon voting
For governance, people would have to stake and lock Hive.
Having the option to delegate locked HBD (someone else will receive minted HBD rewards) unlocks new innovative ways to think that bring more layer-1 utility for HBD.
If I lock 600 HBD for one month, I would mint 10 HBD for myself. I can spend that 10 HBD.
If I lock 600 HBD, and delegate that for 1 month to someone, that someone receives 10 HBD.
I can think of many use cases for wanting to do that. I mean, that 10 HBD is worth something to someone, right? Having the option to delegate a stable-coin that gives interest to the delegated to me is pretty mind-blowing. I could help someone, or pay someone without losing much value other than the inflation on HBD.
Let's say, for example, a Netflix kind of service provider is building on top of Hive, and accepts HBD. Instead of charging people 5 HBD per month, they could charge a 300 HBD delegation instead that is tied to an agreement (if delegation = 300HBD: then provide username access to, else, revoke access).
- any subscription-based solutions (which then can scale further on layer-2)
- short-term/long-term ongoing charity donations
- hire people for projects/terms that accept HBD
Oh well... I don't want to waste your time and pollute your brain too much with someone that doesn't exist (yet). But it is fun indeed to think about it :)