Hive And The Monetary System

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We are dealing with a shortage of money. This is the case with both commerical and Eurodollar money.

In this video I discuss the three different forms of money we see and where each stands. I also delve into how Hive can handle two of the areas.

▶️ 3Speak

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!winex !luv and !gif Than you for this video

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Hopefully hive can continue to hold enough value and pick up enough merchants that it doesnt need to replace anything, but just become a system of its own!

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Summary:
In this video, the speaker delves into the financial system, specifically discussing the shortage of money, the different forms of money (central bank money, commercial bank money, and euro dollar money), and the importance of understanding the monetary system for economic expansion. The speaker then transitions into how Hive, a cryptocurrency platform, can potentially address the money deficit issue through its stablecoin HBD and the concept of collateralized lending. By utilizing Hive bonds and other assets in conjunction with HBD, Hive could potentially become a hub for financial activities and bridge its economy into the real world, offering solutions that include enabling individuals to secure loans based on their Hive assets.

Detailed Article:
The speaker begins by highlighting the scarcity of money, particularly the US dollar, emphasizing that most individuals lack an understanding of the monetary system and its various forms. He delineates the three types of money - central bank money (bank notes and reserves), commercial bank money (created through lending by commercial banks), and euro dollar money (primarily dollar-denominated assets). The discussion focuses on the fact that the creation of dollars is predominantly driven by commercial banks through debt.

The conversation then shifts towards how Hive, specifically its stablecoin HBD, can play a pivotal role in addressing the money deficit problem. HBD, being dollar-denominated and backed by Hive, is likened to commercial bank money as a debt instrument. The speaker suggests that through functionalities and utility, HBD can potentially stand on its own, serving as a stablecoin that facilitates economic growth within the Hive ecosystem.

Furthermore, the speaker explores the idea of HBD evolving into euro dollar money, particularly through the introduction of Hive bonds and collateralization of assets. By incorporating elements of the Eurodollar system, Hive could become a central point for financial activities, offering solutions like securing loans based on Hive assets. The speaker illustrates a scenario where individuals can leverage their Hive holdings to obtain loans and ultimately purchase assets, illustrating how Hive has the potential to revolutionize economic transactions within its ecosystem.

In conclusion, the speaker underscores the importance of having enough money for an economy to thrive and flourish. He envisions Hive becoming a core hub for financial activities, eventually leading to the growth of a robust economy. By introducing innovative concepts like collateralized lending, Hive has the potential to bridge its virtual economy with the real world, offering solutions that could pave the way for economic expansion and development.

Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.

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