I dont know of a similar project but sounds useful.
Plus I would agree it is a smart idea to accept HBD as payment. This is what we need to do. Have HBD as the currency of choice for payments.
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HBD is my preference for payments. The stable value it holds makes payment for services consistent and fair for all parties involved.
Perfect example is the PsyberX founders crate. they accept either 100 HIVE or 100 HBD as payment for it, but one of those is obviously worth more, especially right now. Paying them 100 HIVE right now would be in the buyer's favor because they're "paying less" for the item. however, if HIVE were to uptick the next day and 2x out of nowhere, the buyer experiences a LOT of loss of value because the trade was poorly timed.
HBD provides a stable value for both buyers and sellers, ensuring equitable exchange of services/goods.
There's no loss on either, your eye is on the time...
It's a win-win using both simultaneously, cryptocurrency and stablecoin, that's a safe haven.
perhaps it's just my relative newness and ignorance speaking, then. I just see a lot of value in using the stablecoin for payments where I treat HIVE more as an investment
Your newness and ignorance speaking got a grip on of the hammer hitting the nail on the head.
wow, thank you! I suppose the time I'm spending here isn't in vain after all! I'M LEARNING, MOM! hahaha
Hahaha, learning is growth, SON, lmao...
Interesting choice
Interesting comment.
Care to elaborate? I'd love to hear your thoughts!
They decided to rather get HIVE instead of 100HBD, which could buy more than 100 HIVE at given times. That's a political statement.
They actually accept both, but they advertise the HIVE primarily - which I agree is a very interesting choice. I mean, there IS greater opportunity for financial gain in accepting 100 of a more volatile coin, but there's also a LOT more risk that they might be simply accepting a "loss". I believe in the project, so I opted to pay for my crate in HBD. Felt it was a better way to support them.
How is it political, may I ask?
Yeah well, they could stick to 100HBD and just buy 200 HIVE today. Holding 200HIVE has even more potential upsides than having 100.
But they refuse the let HIVE be worth less than 1$ for their product, which is priced at 100HBD / effective 100$. Right? That is a statement against the markets and about their convictions.
Ah, I see. I really like that take, gives off this feeling of dogged determination and defiance of what the market says or does - as well as a confidence in their product and the token they've chosen to build it on! Love that, thanks for sharing your thoughts! !PIZZA
Shops that utilize HBD would be great. Who can we get that done?