Do you accept HBD? – more use cases for stable coins

7 mo
LeoFinance
4 Min Read
792 words

If you provide a service or own a business, if you sell goods or if you do work you are compensated for it. We all know it and we would not do our profession if it would not earn money that we can exchange for food gasoline and all our other costs of living. Usually we get the compensation in form of our local currency.
WEB3 is making waves and everybody talks about decentralization and the future of the financial system. We on HIVE are right in the middle of this.
So this goes out as an open question to everyone in our decentralized economy:

DO YOU ACCEPT HBD? USDC? USDT? UST?

We all know the famous story that someone paid a lot of BTC to pay for a few dollars worth of PIZZA back in the day.
Thats why the question is focused on stable coins. And of course with an emphasis on our very own oldest algorithmic stable coin $HBD.

Taskmaster has been talking about it a lot and we see a lot of news around HBD and why it is important to find use cases for it.

This is where we can all help together, we do not really have to look for use cases of HBD if we all start accepting $HBD as means of payment. And by posting on the hive blockchain you basically already accept HBD at least partially.

I would like to go a step further and look for the ultimate use case for HBD as a currency of exchange. If your local store accepts HBD as means of payment and you can buy groceries or any other good or service, it would create a constant demand for new HBD to enter the ecosystem.

But how would one go about this you may ask yourself. I can imagine many funny situations when you try to pay in HBD. What would your cashier at the local store say if you asked them for their HIVE addy to send the HBD owed?

Now imagine all business owners who are already on HIVE suddenly accepting HBD as means of payment. I could go to @ravenmus1c and ask her to provide me background music for a commercial spot I am shooting. She would provide me with music I would pay in HBD put her music in the commercial and bill it to my customer. BANG new money has entered the ecosystem since I would have to buy the HBD unless I hold enough.

And I want to be holding more since the more HBD I hold the more my 20% APR will make me. Now take this a step further and you can connect businesses all over the place.

@vikisecrets could for example code a website for me and instead of sending him Euros through my bank account I pay him with HBD. Again I will have to either take my HBD out of my savings account or buy more HBD.

Taskmaster has been talking a lot about the network effect and this is where we can help this kick in. The more business owners and or service providers or salespersons take HBD as a currency of exchange the more demand for HBD we create.

A little bit of this idea came from the @hmvf the HIVE Music Video Foundation. Raven and me are funding a music video through Hive and we are looking for all kinds of artists content creators who would be willing to partake in the project our main currency of exchange is HBD. Actually HMVF is a beneficiary of this post as well since we really want to fund that music video entirely through HIVE.

So this goes out to anyone on chain: I take HBD as payment.
If you are in Vienna and need a photographer you can book me and I will accept HBD as payment. If you want your video edited or want to have a cool flyer for your next illegal rave party I will take HBD.

Of course this works the best if you try it with your actual surroundings. Since we have hive members everywhere in the world I really can imagine a working thriving ecosystem where goods and services can be paid with HBD.

Best thing would be a Yellow pages of HIVE where everyone can list their business and provide their services for anyone who wants to pay in HBD.

Whats your opinion let me know in the comments!

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My opinion? This would be amazing if everyone will keen into it and accept HBD as payments for their services. Too bad I don't have a business outside Hive yet but I would surely think of this if I did had any.

HBD as a stable coin is making a great wave and I'm so glad I am opportune to get it from my post rewards and even get to save it for 20% interest... Really cool.

I hope more people join you in this idea... By the way, you're a photographer? Really cool 😍

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Yes I am a photographer and a film maker as well. I started out on hive with showing some of my photographic works so if you go back to my very first posts you will find a few. Lately I have not been too active in the photo communities though.
You can always start a usiness outside of hive and use hive as a way to connect with your customers :)
Thanks for your comment
!LUV
!PIZZA

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7 mo (edited)

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It’s free, it’s fast, I see no reason why it shouldn’t be adopted. Nice initiative, more people accepting hbd for their service will certainly botch up those numbers

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Yeah totally, imagining getting instant payment for a photo session where I usually have to write a bill wait two weeks for the client to pay etc.
I just hope that at some point this gets more spread out and it is going to be normal.

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I think it's quite reasonable to accept HBD as payment. But first of all, buying and selling HBD needs to become easier and more widespread. For this, the LeoFinance team took a step forward and started a Liquidity pool, so it may become easier for everyone to purchase HBD in the future. Then many people will want to accept HBD.

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The next step as Taskmaster said is to find use cases for HBD the liquidity is being built and we can all participate by curating and commenting and posting so the reward pool from DHF gets spread as wide as possible.

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HBD is always good, because if someone want to buy it cost like 1.3 so worth more than 1 usd, and if sell is 0.8 probably for fast sell, so 20% provision is good who make trades with it...
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Where do you buy your HBD? I can swap USDC 1$ to pHBD 0.99$

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i try to buy on hive engine many times, and when i try to buy people sell hbd like 1.2 usd, and if i try to sell i can get 0.8 fast or 1.19 with waiting...
!PGM

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Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.01 MOTA - 0.05 DEC tokens to @bokica80, @solymi

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I'm pushing my company to accept or at least have a crypto fund and prepare for a payment when the time comes and somebody offers that. Thanks for the article, nice weekend read !PIZZA

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The fact that HBD is a stable coin should make it really easy for a wide array of businesses accepting it as payment. I hope you can convince the owners. What company do you work for?
Have a nice weekend too. Thanks for reading.

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I work for an architectural design company, so basically we sell design and it shouldn't be hard to compensate with crypto instead of normal currencies.

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True! It is just a matter of time I think until more and more businesses will be willing to take crypto.
And as long it is in stable coins the risk of losing on trades should be minor.

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You take !LUV !hivebits?

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I do take every crypto I can get. I really like !BEER

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!LOL

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(2/2)

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I am already paying most of my designers in Hive or HBD. I really hope that this is becoming more popular!

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Thats so cool and of course this will become more and more popular. I wish I could just pay for my !BEER in HBD in the local pub.

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Hey @ravenmus1c, here is a little bit of BEER from @solymi for you. Enjoy it!

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HBD as payment is a good option and i wouldn't reject that

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Question is: WEN can I pay for my !BEER with HBD? Would be awesome, write a post and turn it into liquid gold that makes you forget all the shit happening around you
!LOL

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You need to stake more BEER (24 staked BEER allows you to call BEER one time per day)

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I am paying for a few things with Hive. Not as widespread as I would like but growing. Thanks for sharing on ListNerds.

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i bought something today with hivepay.io

if we can get off fiat, the better.

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Absolutely, not that I don't like fiat money but in the long term I just do not see a bright future for most currencies ;)

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I paid for my Listnerds upgrade in HBD ... and if there were a good digital download option, I might sell my books for HBD too...

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7 mo (edited)

There is! You can use hivelist to list your products and accept HBD as a payment. I will drop you my reflink. HERE

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