RE: Is HBD Getting More Stable?

Yes stability is an issue but i think in cryptocurrency the importance of stability can't be stressed enough. I still prefer mechanisms like bbd coin. Whereas i agree it's probably more preferred to not depend on some entity to back hbd's dollar for dollar.

I don't think the main issue is that as much as who audits the system when its backed dollar for dollar? Also it's impossible to stabilize the price using buy and sell mechanisms because of significant drops in hive etc., it's just problematic as alot of the value of your dollar depends on the value of the network. It's the same reason fiat currencies fail. They are meant to remain stable but market conditions don't allow it.

So how bbd found a solution to this issue was quite simple. Idk if hbd can take something from our model or not ..BBD's prices are always stable to a degree because btcmyk is always stable in theory and we know that most currencies have to depend on some faith based system or if nobody believes that won't matter because they'll just not put their money into currencies or not choose them to be reserve currencies like the us dollar was.

So my first overall issue with the hive ecosystem is that the system itself is so unstable it's going to be very difficult for the coin to be stable. The growth rate and value i believe declines every year so i don't believe thats helping the stability of the network.

if you look at the bbd coin on hive engine.. bbd's each one in circulation is backed by btcmyk tokens. What are the use of btcmyk tokens. Well btcmyk tokens can always purchase the same amount of promotional space and ad packages despite the change in the economy or value to the system. So in other words if the idea of the btcmyk is to get you 25,000 clicks per token that will always be the value of a btcmyk token.

So the idea of bbd coins is to peg to the network value not some fiat currency. it operates totally independent of that and so it's value will always be based on it's commoditized value of what it can do. Similar to like if you took gold and you placed it in a spaceship or car.

This way we always know the value of the dollar so there is no confusion about what the value of the token can do. it can always do the same thing value wise. So we believe we can obtain a vast market for the token as it's based on a freemium service model. So the entire purpose of this is so we don't have to ultimately back the token against fiat currency or speculation and manipulation. The token redeemer is always getting the same token value and use.

I think what's unique is we also in the bbd token include network value to the value of the token. This may sound impossible to know. However under our system its actually mathematically very close to possible to determine the value.

This can be factored by number of accounts and their value. This may seem like numbers that can't be gathered but the us govt and wallstreet has a formula for gathering the value of social media sites. Yes the us govt has a model for it alot of people don't know. So if you have close to traditional social media accounts you can obtain that value. Once you have that value now it's possible to determine the value of your cryptocurrency to a great degree. No system can be perfected in this however we can see where the system can be pretty close to accurate and quite useful encouraging investor confidence.

Again the problem with entitites is we don't know if they really have the reserves to back the currency. We have no way to audit effectively in most cases. So the bigger question with a system like bbd coin would be.. can the value of the crypto be backed up. Seeing that btcmyk would be able to always provide the virtual space for promotion ad revenue etc.,.. then that would always make that value redeemable in that sense. if we back something with a fiat currency well the first issue is if you're backing it with us dollars well is the us dollar stable? Well we're lead to believe it is.. However we know better. So there lies the connundrum of what is the actual value backing the currency. Thats why i believe bbd coin ultimately makes more sense.

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