RE: Should we consider pegging HBD to gold instead of the US Dollar?
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Nobody wants a token that’s not backed by real value. A peg via a stabilizer wouldn’t work.
And gold backed crypto’s r silly too. The whole purpose is not needing to trust a third party. It is the wiser of both worlds, U don’t hold the metals , and u have to trust a centralized third party on other side. People will learn hard way. The only mainstream gold backed crypto keeps there gold at the Canadian mint 😅. Defeats whole purpose
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I wouldn't say that "nobody wants" this. A lot of people actually appreciate having exposure to the price, without caring about the backing. That's why cash-settled futures exist. But then again, in a (hypothetical) scenario of a HBG, each token would be backed by 1 ounce worth of HIVE, a liquid token, no?