Viewing a response to: @edicted/re-yabapmatt-rizfii
We're in complete agreement that pegging HBD to gold is a really bad idea and USD is a much better choice. That's mostly because HBD is debt though, and you want to have your debt in an inflationary asset not a deflationary one. I was just saying that I don't believe the gold standard caused the great depression, and I believe that stores of value like gold and eventually bitcoin would make the best currencies in a free market system.
| author | yabapmatt |
|---|---|
| permlink | re-edicted-rizlri |
| category | hive-167922 |
| json_metadata | {"tags":["hive-167922"],"app":"peakd/2022.07.1"} |
| created | 2022-09-29 19:50:09 |
| last_update | 2022-09-29 19:50:09 |
| depth | 3 |
| children | 1 |
| last_payout | 2022-10-06 19:50:09 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.012 HBD |
| curator_payout_value | 0.013 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 439 |
| author_reputation | 160,234,431,724,160 |
| root_title | " Hive Subsidized Debt" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 117,042,577 |
| net_rshares | 42,386,856,349 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| edicted | 0 | 42,386,856,349 | 1% |
Yeah the whole "Gold Standard created the Great Depression" angle was a pretty flagrant hot take. But I also believe that intelligent decentralized inflation is doing to become a killer dapp. That isn't possible to achieve with Bitcoin or Gold. To me Bitcoin and gold are all about security and robust backups and will take a backseat during the good times.
| author | edicted |
|---|---|
| permlink | re-yabapmatt-rizmar |
| category | hive-167922 |
| json_metadata | {"tags":["hive-167922"],"app":"peakd/2022.07.1"} |
| created | 2022-09-29 20:01:39 |
| last_update | 2022-09-29 20:01:39 |
| depth | 4 |
| children | 0 |
| last_payout | 2022-10-06 20:01:39 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 360 |
| author_reputation | 3,497,851,531,456,337 |
| root_title | " Hive Subsidized Debt" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 117,042,845 |
| net_rshares | 0 |
hiveblocks