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RE: Could HBD Change DeFi On Hive? by taskmaster4450le

View this thread on: hive.blogpeakd.comecency.com

Viewing a response to: @bitcoinflood/re-taskmaster4450-2021419t114714610z

· @taskmaster4450le ·
$0.03
Well HBD is not going to be backed by a dollar and will not be redeemed for dollars.  It is paid in Hive.

So a peg to a dollar via Hive is still I think near the same.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-bitcoinflood-4v2rmk)
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vote details (2)
@bitcoinflood ·
I'm really not understanding the benefits of that for some reason. It seems overly complicated with no real benefits? What makes pegging it that way more beneficial than $1 USD?
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properties (23)
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vote details (1)