I get the idea behind having HBD as a stablecoin, for the purposes of — for example — conducting ecommerce as some kind of Hive extension.
But it makes ZERO sense to assume you can control the price of an openly traded token that's being hopped up by Korean speculators on Upbit... people who most like don't even HAVE Hive accounts or even know what an HBD is... they just see a short supply token that can be run up for a profit; Hive itself could be Swiss cheese for all they know. Want a stable coin that can be managed? Then it should only be traded on our own internal exchanges, not "out on the world."
I was one of many who was helped at the start of CUB DeFi because being in the USA my access to Binance is very limited and getting that initial bit of BNB was a bit like arranging an Arctic expedition. Thankfully, a helpful soul on the LeoFInance Discord traded me 10 Hive's worth to get started. After that, all has been peachy.
Yeah I agree. It's just something to trade to many, who mostly likely are unaware that 'we' are throwing $1000 an hour at it to try and stop it from blowing up.
Great :) The folks in the LEO Discord during the first week were top notch, I don't think any other similar project has anything close.
Posted Using LeoFinance Beta
Precisely... and the "illusion" is that somehow $1,000 an hour is going to make a dent in this trend: