I never thought about it the way you framed, when you pointed out that we too are chaining ourselves to the inflationary dictates of the Federal Reserve.

Okay so originally I was thinking this as well. By piggy backing on USD we tether ourselves to the Fed and are at their whim, correct? However, this is only true for those who hold HBD. If the Fed hyper-inflates USD they are the ones that get fucked over.

Meanwhile, because HBD is also tethered to Hive, we actually gain the same benefits of leeching value from the HBD holders just like the Fed leeches value from USD holders... the more I think about it the more crazy these dynamics are.

In the example above, if USD loses half it's value HBD loses half of its value, but because HBD is the debt of Hive all Hive holders just lost half of their debt! Like... WHAT?! It's weird. It's also a good reason to keep things the way they are as long as USD remains a "good enough" solution for the world.