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RE: How do Hive Backed Dollars (HBD) work? [Including The HBD Stabilizer, The HBD Debt Limit, and The Haircut Rule]

in LeoFinance • 3 years ago

All these months later, still a great read.

Linked the article in this post here:

We need the Hive Backed Dollar to get a lot more attention.

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3 years ago in LeoFinance by
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     3 years ago  

    I read/reread this article.
    So, are you saying that the smart contract underlying the relationship between HBD-Hive is an algorithm whose purpose is to expand the money supply in response to the needs of the community, which could be global, and prevent the ill effects of the Banker controlled money supply?
    Please explain?

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