Good day CTP Talkers and Hivians,
So, the first question I get from many people: Why? Why did you make a token and what is in it for you?
Let me answer the what is in it for me part. A few things. Pride, pride that I can do it, helping my fellow bloggers ( I will explain that below), and hopefully to set in place and build my reputation of being extremely dedicated to Hive and all our online communities.
The number 1 reason I created BBH - Bitcoin Backed Hive is as an investment tool. As Bitcoin continues to rise $16,650.77 USD (2.61%) and Bitcoin transaction fees are not cheap on small transactions I was wondering what I could do. With 100,000,000 satoshis per Bitcoin and a possible 21 million Bitcoin, well, that is a lot. As I might have mentioned yesterday, if Bitcoin ever gets to $1 Million then 1 satoshi will equal 1 cent. Then that day BBH will be worth 1 cent.
What I am trying to get at is, with no transaction fees on Hive-Engine for trading (only deposits and withdrawals) it is a great way to get a token that has the same value as Bitcoin.
Now with HivePay started, the ability to spend Hive-Engine tokens will be great.
My 2nd thought was a nice low price per token, token that people can use to reward others on Hive and Hive communities. You can get a lot of BBH for 1 Hive and use them as reward, tips.
And I am probably just touching the tip of the iceberg. I am sure people can come up with many more use cases for this new token. But those are the two main reasons I created for Use, And the personal reason I created it.
Finally, the goal is to have 1 BBH = and stay = to 1 Satoshi so as the price of Bitcoin rises so will BBH.
So as of this writing: 1,000 Satoshi = 1.38696255 HIVE approx!
Jump in, lets have some fun.
Feed back feed back feed back. Give me some!
Bradley