My apologies if I come out rude. I do appreciate the input.
Wouldn't it be the same as swapping Hive for BTC if you're replacing HIVE for HBD?
I am not sure what you refer to. Did anyone ever use SWAP.BTC to buy a product?
Trading/Transacting with just Hive would just increase sell-pressure for Hive.
If the government of Utopia says it is illegal to pay another citizen in a different currency than Utopian Mark, that should probably increase sell pressure on Utopian Mark (because there must be something wrong with the currency).
If all people prefer to use Utopian Mark over alternatives, why would any Utopian sell theirs for any other reason than travelling abroad or pure speculation?
Having HBD as a mandatory option (...)
I can read this two ways:
One: You have to transact in HBD.
Two: You can transact in whatever currency both sides prefer, but if you disagree you have to accept HBD.
Either way, I stopped reading the sentence right there to remind you that the currency of my transactions is none of your business.
It also makes for a valid reason to hold and transact with HBD if you want to chip in and do your part btw. At least, this would be the case for me to hold some/more HBD, and to put more in savings to mint new HBD (which also increases the supply).
I do not get the message here either (what does "It" refer to?) but I hope you help your country's economy by minting new coins too. OK, HBD is minted according to fixed rules but this exercise should help understanding why HBD is not a dollar.
No worries, English isn't my first language. Mandatory wasn't the right word, 'secondary' would've been correct.
You missed the point. But sure, indirectly it's probably how one may see that, as in: "I sold my BTC to buy X". Whatever form of (wrapped) BTC, in your case; SWAP.BTC is then sold (note the selling pressure if thousands will do this)/traded by buyer/merchant for a currency to cover costs and expenses. The same would go for HIVE, and obviously HBD as well. Since HIVE is a governance token, and HBD has more properties that resemble a similar stablecoin (like a dollar), it's a no-brainer which one to prioritize to use to transact, but that's indeed not my business. Fair, anyone could use HIVE to transact, I wouldn't mind. I price HIVE much higher than it is right now, so I'd be more than happy to accept HIVE -right now- as a receiver. Understand that uncertainty will grow when prices of Hive will be higher, are volatile, spike, etc., and the risks (insert your Utopian Coin here) and volatility probably grow with it as well. But another important factor is that buying pressure -needs- to be equal to the introduced selling pressure to cover costs/expenses of products that are being bought/sold with HIVE (and not with HBD).
If you have purchased Hive for 10 cents, and you can buy something for 10 dollars for 1 Hive in the future, let's say 30% is costs/expenses. Guess how much money is actually flowing out of the ecosystem at the price of 10 cents? Sure, this is great for the early investor, but the newcomers are paying for that. Do the same basic math with HBD. This could be easily countered with transacting in HBD, as prices have shown to be quite stable over time. At this point, I'm not even considering the Utopian version. It would be the same as "Hey, I bought this with HBD", even if this meant using HBD to swap for BTC, which then swaps for USD or whatever currency is accepted. The point is, that such a thing will decrease selling pressure -to the downside- of Hive (and increases that of HBD).
No one is saying that HBD is the same as a dollar. It is aimed to be pegged to a dollar equivalent worth, do note the difference. With your logic: Hive isn't a dollar either.