Lightning Network BTC to HBD stable coin - the most accessible stable for all of LIGHTNING NETWORK!
Ok, so for those of you who haven't seen it yet, check out my recent interview on CryptoManiacs Podcast.
One issue we discussed in the second half of the show was the Value4Value bridge between HIVE and the lightning network, and we talked a bit about how easy this made to onboard people like El Salvadorians, who all have lightning network Chivo Wallets now.
Read more about recent success with this here.
I have decided that I should write the spanish guide about going the other way - bitcoin to HBD. I realized that from lightning network, getting to a stable coin is not that easy. USDT (trust issues) and USDC are on ETH (fees!) and BUSD requires some much smaller fee but also trusting binance.
But HBD is a feeless stable, it might not be quite as stable as the others, but it works! And it can always be converted to $1 dollar of HIVE tokens.
This post is setting out, in english, what I want to write about in Spanish. For me the easiest way to write is in the language I think, and for tech stuff that is english. Ironically perhaps, I mostly think about agriculture and ecology in spanish, and have to translate to english.
Step 1 - Get a HIVE account.
I have some guides on this, like this one, but they are not in spanish. I can do this!
Step 2 - Withdraw Sats to HIVE.
I have not found a good guide on this yet, but I can probably start to work by reverse engineering from this guide: https://peakd.com/hive-136933/@brianoflondon/anyone-can-start-receiving-value-4-value-streaming-sats-for-your-podcast-hive-136933
Step 3 - Learn about HBD
I will need to pool together some other guides and make a comprehensive guide on HBD stable coin, in spanish. If you know of any information already existing in spanish, please let me know.
Step 4 - Convert HIVE to HBD on internal market, when appropriate.
Another guide is probably important about how to use Stable Coins. Something like this article on What is the point of stable coins.
If hundreds or thousands of El Salvadorians get wind that there is an easy stable coin to use to hedge the buying power of their portfolio, HBD could get a kick in the behind from increased demand.
This is just a guide for me to make the guides necessary to start onboarding the El Salvadorians. I would appreciate any spanish language support, such as pointing me to spanish guides/spanish information that already exists - perhaps @ijatz already knows about some.
Here's a selfie of me working hard on the computer this morning, from within our natural system.
Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
You're right, I've not thought about this. Nice Nice Eco!
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Glad to have you on the show and hopefully you can put together some guides that will really help to target the Spanish speaking community, especially those in El Salvador.
What we have is the ability for them to get rewarded in Hive/HBD (or the other more than 100 H-E tokens), flip it to Sats on Lightning, and pay for physical items using the wallet on their phone.
Posted Using LeoFinance Beta
I think you can use the bridge to covert direct to HBD.
That would be ideal!
Heeey @ecoinstant ! What an awesome perspective and roadmap you've delivered here!! Besides, I'm also an ecology and permaculture lover (although I've only access to a very small piece of land right now 🙃).
This week I'm busy promoting the involvement of the blockchain music project I'm in ("Soundzone") in the first "Metaverse Music Fest", from Oct. 29th to 31st, but as soon as it'll have ended, yeeees!, let's coordinate our steps with @brianoflondon and a couple of other Spanish-speaking Hivers, to push that BTC to HBD highway!
Thousands of thanks for this initiative, Hive brother! 😃
I don't have any input re: lightning network/HBD, but I just wanted to swing by and say,
Sick beard bro!
!PIZZA
Will do :)
Posted Using LeoFinance Beta
You look like Forrest Gump when he ran across the United States Lol. !PIZZA @ecosaint
I've some big plans for the use of HBD upon our return to Cambodia. I certainly don't want to get into trouble with authorities, so I will have to make a presentation first, but basically the idea is to make HBD a useable currency in a small remote village, our likely destination.
If we make a cafe/restaurant/school or business of some kind, and accept HBD as dollar for dollar payments, I think it would make Hive wallets a very common app on smartphones. Also, we may even open a blogging/crypto/English/computer skills after-school program, and that would be great to allow the use of HBD to pay for tuition.
Very cool what El Salvador is doing, they might find themselves jumping ahead of other nations very soon, creating a crypto rolemodel for developing countries to follow.
Great ideas!