RE: Hive Backed Dollar (HBD) Is Becoming A Stablecoin

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I have decided to keep HBD in savings rather than convert to HIVE or cash out. This is partially because of the 7% interest. Principally, it is to reduce the volatility of my account.

It is also starting to make sense to park additional cash savings in HBD because it is decentralized, like DAI. However, I don't have to worry about ERC-20 fees for transactions. HBD is easily convertible to low-fee coins like Dash, Doge, or LTC for cashing out. This makes it ideal for "banking" my savings.

hive-167922
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we will soon have PHIVE and PHBD on ethereum eos and telos and BSC from https://ptokens.io then we can really play those unicorn reindeer habbo hotel pool games

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I want pool action!

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All valid points.

However, I don't have to worry about ERC-20 fees for transactions.

This is huge. You know what when you go to pull the money out, the transaction fee will be zero. That is a huge advantage to operating on Hive.

Posted Using LeoFinance Beta

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HBD isn’t a stable coin so just be safe holding a lot. I think we should abolish it. It’s just confusing for new users. It’s not at all pegged to dollar. I really think it’s a negative for our platform. We could do a one time swap for hive or something in a fork. I dunno I just see it as a waste given it’s so much volatility. I’d prefer if we just had a real backed stable coin 🪙
Or just hive and rewards could be half hive power and half hive. Just my opinion

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