1/🧵
The Hive Backed Dollar Hive Backed Dollar] offers enormous potential for Hive. It can stand apart from the rest of crypto.
1/🧵
The Hive Backed Dollar Hive Backed Dollar] offers enormous potential for Hive. It can stand apart from the rest of crypto.
2/ The challenge is most believe that a currency gains its value from what is backing it. This is not the case. We have to understand what gives a currency value before we can design one.
4/ This means utility (or use case) is vital. HBD has a foundation going into place with the efforts in Sucre, VZ. This is something that could be duplicated elsewhere.
To read full article:
https://leofinance.io/@taskmaster4450/the-problem-with-asset-back-currency-and-why-hbd-could-be-different