What is HBD?
The 'Hive Dollar' is our liquid currency.
Half of our weekly rewards are paid as HIVE POWER, but half are paid as HBD; "Hive Backed Debt", or the "Hive Blockchain Dollar". This is not a 'stablecoin', although efforts have been made to stabilize the price around $1 USD. But what is it? Each HBD is essentially Debt, or an IOU for $1 worth of Hive.
Hive is the ownership token for the platform, but let's say you want to send someone $5. Do you send 10.416 HIVE? Or 21.739 if the price is lower? Just send 5 HBD and when they want to claim $5 worth of HIVE, they can swap it. Hive Backed Debt is not a stablecoin, it's just a measuring cup.
Can you offer a better explanation of HBD, Hive Blockchain Dollars, Hive Backed Debt?
Back in March 2020 I started making Hive images and turned HBD green.
You can always swap HBD for 'about $1 of HIVE'.
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