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RE: Week through Adrian's Lenses (14-20 December 2024)
The difficulty in circular economy is exactly why we need to attempt at it. I don't expect everyone to start using HBD as much as credit cards. If there is at least one shop a HIVE user could use their HBD once a month, we can create strong retention. A local supermarket is perfect for this. Anyone can earn few dollars on HIVE being active and they can directly use the earnings to pay for their essentials. If their is one supplier on employee who is willing to get paid in HBD, we have a working prototype.
WAX may be different, but I don't know what kind of money is there anymore.
At one time, a Region in Praetoria was sold on WAX and this was the biggest transaction that had happened according to @aggroed. I have not kept up with the developments there.
That would be an alternative payment method, and we are doing relatively well at that in a few small areas of the globe. A circular economy supposes more than that. That a (local) economy can function without another currency (national or USD or whatever). That means anything from retail shopping to B2B transactions, to taxes being paid in that currency (in this case, HBD). We can be happy even with retail and B2B transactions only. That's not easy to accomplish at all, even if we focus on a small geographical area.
Ah yes, I think it was 700k USD or something like that. But then WAX was a serious competitor in the Web3 gaming world. I'm not sure it's the case anymore, but, like you, I don't know the exact situation.