You are viewing a single comment's thread:

RE: HBD is an Anchor on HIVE and Hive Engine

The HBD is a vestige from the STEEM era and should be reexamined. I can see the advantage of converting normies with something familiar, but that hasn't brought people in as you note. I argue we should de-couple from government as much as possible, including pegging to dollars, Euros, Pounds, or anything else.

0E-8 BEE
1 comments

I argue we should de-couple from government as much as possible,

That is the reason that I mentioned pegging to silver and gold.

A conversion formula for silver would basically be the same as the one for dollars.

Creating a peg to the spot price of Silver and Gold would attract people interested in monetary reform. It would allow people who want to do transactions in silver to engage in online commerce.

Need I mention: People who stack silver are more likely to stack HIVE than people who want a forum for discussing food.

Pegging to Currencies

Of course pegging to currencies helps people with local transactions. HBD is convenient for me because I have to pay taxes and other bills in dollars. But that is just a convenience.

0E-8 BEE

I'd be on board with a Hive Silver Gram or Hive Silver Ounce metric. I don't think gold is a good option, and I definitely don't want bimetallism.

0.00577536 BEE