The fact that the asset can be cross collateralized almost infinitely makes for a compelling proposition.
Of course the danger that comes with that is the same as what happened in 2007-8 with the housing market.

Cross collateralized assets from other tokens should be thoroughly examined before being accepted into the program thus avoiding lumping a pile of shit coins into the proposed hbd bond.

Other than that point I think the hbd bond is a brilliant idea. Well explained.👍