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RE: HBD is an Anchor on HIVE and Hive Engine
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.
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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.
Bimetalism happens when one tries to combine the price of silver and gold into a single currency.
For a long time US dollar was pegged to a weight in silver.
The US attempted to peg the price of silver to the price of gold.
This meant that discoveries of silver and gold deposits would wreak havoc on the economy. Changes in refinement technologies also caused problems.
As I understand, most economists today think that it is best to let the price of commodities float.
Personally, I would start with silver. I wouldn't mind seeing both commodities on HIVE; so long as they are left separate to float.
!WINE
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