personally, i think that commerce part opportunity's gone at least for several years. i also don't know who buys HBD, put in savings nowadays. Crypto is entering in a bull market, so everything else will be more profitable + the more important part: the dollar is in a downtrend, and i assume, it will go down for few years. (don't mention, it is losing the no1 fiat currency position very fast) So it can be an option max. in the US, where the $ is the currency, honestly, i don't see any good reason for that, even there.
compare to most of the other fiat currencies, $ lost 20%+ value in the last 3-6 months...
(including mine, actually, it is nearly -30% in this year) so what is the point in the 20% HBD interest???
i think, until $ stabilization and end of the crypto bullmarket (what is just starting) pointless to talk about it.
actually, i think about that, what will happen to stablecoins, HBD, when the dollar collapse. my personal opinion, within 1-2 years nobody will use any stablecoins, definitely not the dollar based ones.
I agree with your opinion on HBD versus volatile coins during the bull market that we slowly enter.
That is why, for my personal Hive goals, I add more HIVE (Power) than I do HBD. But the principle is the same for any other coin or token that is expected to appreciate during the bull market, unlike a stablecoin.
Your remark that USD is losing ground is correct. We should also remember that it starts from VERY high ground, so it has a lot of room to go down and still retain global dominance (for a good while), even if not as strong as in the recent period.
yes, that's true, but regarding commerce, it doesn't really matter where from it starts. the point: it won't be used by other nations so much how it used to be, every country is getting rid of USD reserves, and buying gold like hell.
https://data.imf.org/regular.aspx?key=41175
https://en.wikipedia.org/wiki/Reserve_currency
only eur is losing its value faster than usd, especially in reserve currency status.
i wouldnt be surprised, if global usd reserves would lose 50%+ in the next few years. so who would use a tide to usd 'stablecoin'??? (outside US) time scale is always a question, nobody can predict that.
and what it means to Hive blockchain, if hbd (generally stablecoins) would become worthless??? thats my question
The design of HBD makes it loosely pegged to something. Despite the name having "dollars" in it, we can change the peg from USD to something else and potentially rebrand HBD.
If the argument is that stablecoins themselves, regardless of the peg don't belong in the crypto space, this holds some truth to it. But as long as we spend money in fiat prices instead of crypto, stablecoins are needed as a sort of bridge between the two worlds.