Thank you as always for introducing some interesting and thoughtful concepts! 😊
Using dollar-backed currencies does seem like a future, but the backing must be very strong (as evidenced by the downfall of a few other dollar-backed "stable" cryptocurrencies over the past few years). However, some large hurdles include: finding a way to decentralize exchanges so that fiat and HBD can be exchanged (which is certainly doable), and finding a way to have HBD be one of the primary stable cryptocurrencies, as there is plenty of competition out there right now. HBD has to become well-known in order to be adopted further, and right now the best-known dollar-backed cryptocurrencies are listed on central exchanges - so this presents a bit of a Catch-22 situation.
Most focus upon the value of the backing believing that is the answer. It isnt.
We must bring value to HBD, that is where the magic lies. Developing a strong economy around it is what will make it resilient.
It is overlooked in the discussion of money.
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