You are viewing a single comment's thread from:

RE: Update On HBD And How A Major Use Case Emerged

in LeoFinance2 years ago

Basically at this point HBD has an internal use case per your post above, but no external use case beyond collecting inflation. (it isn't used a currency often)

I'm not sure how sustainable that is, but as you noted the more the fund holds, the more it can buy, but it makes me nervous it is all an inside game with no real function outside of the Internal Hive economy. #moneygames

Posted Using LeoFinance Beta

Sort:  

I am not sure what you are referring to.

HBD has derivatives on both Polygon and BSC. They are part of a number of liquidity pools from Leofinance. People are able to get involved with them and earn a return, all while tying up HBD in the associated wallets on-chain.

Also, people simply look at it as a payment system. This is just one pillar and, most likely the smallest.

There is:

  • payment
  • funding and investing (which the DAO is doing)
  • derivatives (Leofinance already doing this)
  • collateralization

Plus we have a sink that will likely emerge in the next 6 months that will lock up HBD.

Do we need more options? Yes. But for something that was dead two years ago, HBD is making a ton of progress.

Posted Using LeoFinance Beta

Probably it would be hard and/or risky to start an offline business, which would accept the Hive Dollar (HBD) as a payment. And this varies from country to country, but the possibility is probably given. So theoretically this depends mostly on the users.

Some people are using it in Venezuela according to the CTT call yesterday.

So there are use cases emerging from offline businesses.

Posted Using LeoFinance Beta