RE: Hive Bonds: How Much HBD Will Be Produced?

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So to generate bonds HIVE must be used to convert it to HBD?

Also, do you think bonds must be implemented as base layer on Hive blockchain? Or it can be NTF on "HE" or "dlux"?

I think it should be NFT, because every bonds will have unique creation time and end time.



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No the bonds can be created simply by putting HBD into one of the different categories (from 1 year to 30 year). The key is where will the HBD come from. If someone wanted to invest 30 million into it right now, that is not possible without converting a bunch of HIVE to HBD since there are only 25 million HBD on the open market.

Extreme example I know but it gets the point across. To sustain an economy, we need to have enough currency available for all commercial activities. My view is that for HBD to be a major player, it will require a lot more of it on the market. This is one of the points of the Hive Bonds (another is to establish pristine collateral which the global economy also needs).

Also, do you think bonds must be implemented as base layer on Hive blockchain? Or it can be NTF on "HE" or "dlux"?

Ideally it will be a base layer operation. Having it as a second layer means that we could see the same asset class tokenized a number of times. This would negate the entire premise of collateral. How could we have 5 bonds backed by the same HBD on many different sidechains? There would be nothing stopping the repeated creation of NFTs using the same asset.

Here is where we get into some of the technical aspects of the blockchain which I am not sure about. There is the ability to time stamp each transaction. Thus the blockchain knows when a HBD was placed into a specific "bond category". It also knows what the parameters are on that, meaning a 30 year paying 35%. Hence, I would think it only a front end assembling of the data to calculate the appropriate data on each other.

So my presumption is that by reading the transaction data on the blockchain, each "token" could be programmed with the specifics which then could be shows on the exchange.

I would love to see some of the thoughts on those who are more technically adept with the blockchain on that.

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