It is far more stable than it was, and if this progress continues in the right direction... It will be a stable coin. If it is stable... that will be its utility.
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It is far more stable than it was, and if this progress continues in the right direction... It will be a stable coin. If it is stable... that will be its utility.
It is but that’s not saying much at all. I’m team Hive and not bashing the platform. Just pointing out it is not even close to any peg. We are comparing it to its own past. It doesn’t make sense. We need to compete with other stable coins that are tied to dollar price. Everyone’s saying it’s so much better then b4 while most stable coins have been exactly tied within a penny or less for years besides maybe a day or moment. Hive isn’t a stable coin platform. HBD is a tool and part of the system here. It’s not needed at all. It’s a bad look to others in crypto space. It’s failed as a dollar peg token.
It’s all love here! I mean no disrespect just disagreeing👍 I can understand why people are passionate but it seems to me this argument is lost based on all data I can see. Again not hive , just talking HBD. If a store improves biz but still is worst in town it’s not a good thing. HBD is not doing what it was meant to and the truth is it’s a really bad look from other people in crypto space. We have plenty of stable coins both centralized and more towards decentralized with less centralization.
I am Hives biggest fan and think it’s best for this platform to be honest and not just cheer something I see is broken. I hope it gets better at being close to dollar but truth is if it can go to .95 cents it can hit .75 also in a major crypto short term crash.
I want us to be the best and HBD isn’t the best. Let’s see what happens next 6 months with it. That said even if it’s a dollar or .99 for a while the 7% interest is less then inflation will be this year. So I just don’t think people who aren’t hardcore into Hive like us will see it the way any replies to me are saying.
Cheers 🍻
And let’s stay in touch and discuss again once we have a few months post the fork👍
You have good points and I agree with you. I also think that we are on route to a stable coin backed by coding / arbitrage behaviour (which I would say is superior to some project that claims to have a vault full of dollars to back it). If HBD can stick to 0.98 - 1.02 like the rest of them, I would call it a win. If it proves to not do that, we may need to look at other options. Judging from the early results, we are not there, but getting a lot closer.
Thanks for diving deep on this one.
.98 - 1.02 like strictly that’s top and bottom I’d agree with ya. I just after seeing how it works don’t trust it will hear that way but I definitely hope it does👍