RE: HBD A Scam? Most People Do Not Understand This At All

avatar of @notak
1 min read

Clearly HBD is backed by Hive, and we can see transparently that there is sufficient value in Hive to back the HBD. Problem arises if there is a sharp fall in the Hive price (like Luna did). The good thing for Hive is that there are mechanisms in place once the debt exceeds I think 30%. Further its actually hard to buy HBD, so its not like supply can grow that easily, you need to wait 3 days to mint the HBD.

Posted Using LeoFinance Beta