It's only a matter of time before they will try to figure out a way to harass algo stablecoins.
It depends upon the centralization. If there is no single entity behind it, then there is nothing that can be done.
That is why HBD is so powerful. It is base-layer which means that nobody is in control of it. All is based upon the blockchain code which is run on more than 100 computers around the world.
We see this is the problem with the non-algo stablecoins. Circle and companies like that are targets. It will still work, they are just going to he regulated like banks. Is that what we really want though?
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Yeah, they will definitely still try and I think they will just revert to other tactics like shutting down servers that people are using to run the chain that are hosted on AWS or Azure since they know they can't attack the coin itself. Will be lots of fireworks related to this!
On another note though, I'm kind of glad that we don't have the same attention that UST does. We can keep an eye on what happens to them and see where things go from there.
You are right. There is a lot of advantage to flying under the radar. We have time to build and grow into things while discussing different approaches and topics.
However, there will be a time when we have to hit the "go" button and we need to be prepared.
They could be a model to watch yet we still need to forge ahead on our own.
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All valid points. The only thing that I want to add is to be innovative and pioneer rather than being the close second. The early attention is not always bad. Hive seems to fly under the radar till now. I have never seen in crypto twitter mentioned Hive as a web 3 platform/application/project. Not sure that's a goo thing. I want attention to Hive. I know it is happening as shown by the recent price action.
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