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RE: Some Thoughts On Hive Backed Dollar (HBD)

in LeoFinance3 years ago

I know I barely have months in this social network, however from the moment I started my way in Hive I was wondering why our crypto is not usable for commercial transactions of goods and services? In particular, I dream of the possibility of generating purchases and sales of paid items in HBD or Hive, although I do not know if the developers as the community that makes life here are aware of what a step like this would generate in our environment.

I think you opened an important topic of discussion to put in the balance if we really want to stay stabilized in an order that seems that we already overcome or better take the opportunity to experiment towards a more successful percentage that allows to consolidate both Hive and HBD.

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I think part of the issue is that the network incentivizes holding Hive. Therefore, people used to convert their HBD into Hive in order to facilitate earning more Hive. But, now that holding HBD is incentivized with earned interest, we are starting to see a shift. I think we are still early. Not enough HBD has accumulated for us to consider it for commerce.

For example, I have only managed to accumulate almost $25 since the hard fork. This is not very much. It's still a curiosity rather than real money. But, once users have savings in the thousands of HBD, we may very well see commercial use.

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