This talk is focused on HBD, Hive dollars. And how we have the power as a community to create a unstoppable force.
▶️ 3Speak
How you can help make Hive/HBD unstoppable
3 months ago in Threespeak by theycallmedan (79)Founder
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I was thinking that since we've achieved the milestone of sending Hive to an Ethereum wallet, the next step could be linking Hive or HBD to multiple decentralized exchanges (DEXes) with liquidity, such as Sushiswap and Pancakeswap. These cross-chain expansions could create more arbitrage opportunities and help list HBD on more DEXes, eventually positioning HBD as a go-to stablecoin in the DEX ecosystem.
While I’ve lost hope in centralized exchanges (CEXes) listing HBD, increasing the number of DEXes with significant liquidity could attract new investors to our ecosystem. I’m not sure how practical, financially feasible, or time-consuming this approach might be, but I envision a future where HBD can be paired with all major assets on every popular and secure DEX.
Reference:
For the first time EVER in the history of Hive, it became possible to directly send Hive/HBD to an Ethereum address, and send from an Ethereum wallet to Hive account. Tested live on the VSC network! No Hive account? No problem. With VSC you can send Hive to any user on Ethereum.https://discord.com/channels/689265414714163208/808771311903047740/1269492891558875208
In general, do people care more about the brand name of their wallet, or what's inside of their wallet?
And yeah I hate sounding like such a cynical prick these days. I just don't know another way to say that. People gonna people, dude.
To be expected.
The first rule of Hive Dollar Club is never internally convert your Hive Dollars to Hive at the bottom
The second rule of Hive Dollar Club is never internally convert your Hive Dollars to Hive at the bottom
Question: What if this is the top?
If it causes significant inflation to conver from hbd to hive, it’s not the top
I get it. It's difficult to get all minds on the same wavelength. Relativity and all that fun stuff, right? Price shoots up to 40 cents for example. People follow the suggestions here, but it's still not an ideal situation. That's not the top, it's still the bottom. Doesn't matter what the price is, the top and bottom, realistically, is a wild guess.
And much of this top and bottom stuff is dictated by outside influences. It's fun to think we have control over crypto. Twisting all these knobs and dials, pulling the levers. Trying to create ideal situations because it looks good on paper, but it's all a gamble.
The bulls and bears everyone comes to see are on the outside of the fence. We're acting like the zoo.
Local highs and lows would be a lot more easier to call, if all these various products we have here were generating income from outside sources constantly. Basic example: When a new business springs up, or and old one shuts down. That can be observed. We have products here. Example: each one of those breakaway communities is a product that can generate income that has literally nothing to do with crypto. Crypto becomes a tool we use rather than being controlled by the tool.
blah. Enough out of me...
Speaking of products. HBD savings. Top, bottom, inflation. These things don't matter to someone who had the goal of growing their money in mind. Regardless of conditions, when that individual decides it's time to go, it's time to go. Conversion is the most convenient. That's the offer on the table. It's common practice to go from stable coins to something else hitting lows and that doesn't have to be HIVE once everything is said and done. In theory it works great, for those interested in the offer. In practice, it doesn't work great, for those making the offer. Not much can change that.
And whatever gains are made pinching pennies at the bottom are lost the longer this goes on. More involvement speeds up the loss. In this scenario the bottom and the top is one thing, not two things. Cutting one end of the rope off and tying it to the other end does not make the rope longer.
We are working on it, @hivecuba.p2p is already a success. We bring HBD closer to our community.
An HBD to Bitcoin liquidity pool would be awesome.
I think the Leo-Cacao pool on Mayachain, with a system that grows the protocol based forever-liquidity, is a great example of how to get a more and more liquid token. While also connecting the hive eco-system to hive.
Connecting HBD directly to Cacao on Mayachain, would through its connection to Thorchain, unlock direct access to all mayor L1 crypto chains, with streaming swaps if needed.
We could fund liquidity for such a pool through the DHF and then forever keep that in there to keep growing deeper and deeper liquidity.
Honestly I don’t get the hype about Ether and Hive. We need better bridge to bitcoin & hive!
There is a lot of development and activity in the ETH environment, so it doesn’t hurt to connect to that.
Inleo has the connection through Mayachain, which allows to swap from Leo to Cacao to ETH, BTC and many other layer 1 crypto’s with very low fees.
For small amounts you can best use @brianoflonden’s value4value service that connects hive with Bitcoin Lightning.
Still, more connections is better especially if Dan connects HBD with Bitcoin. Redundancy is important.
I tried to reach to few Indian exchanges to list hive, but yet to get a response. Good that Binance is now accessible to Indians after it complied to Regulatory requirements, I will try to spread the words about Spend HBD.
thanks for that effort, any decentralized move that strengthen Hive, benefits everybody.
These exchanges won’t list a totally decentralized token anymore. Monero or Hive will not be listed. They only deal with generally centralized tokens or bitcoin / bitcoin direct forks
Exactly! Nobody seems to get this. They only list centralized tokens. Monero has been d- listed and the only exceptions are Bitcoin and its forks. This is never happening on a centralized regulated exchange
That's an amazing effort, what does it take? What will they require to list Hive?
I believe only willingness, they are yet to respond.
They will not list Hive. They do not list decentralized tokens. All those that are the been mostly D-listed like Monero. Bitcoin and its main forks being only exception. They are regulated and will not support or list true decentralized coins
No centralized exchanges will list Hive. They only list centralized tokens. Even Monero has been largely D-listed as its anonymous and decentralized. Bitcoin & Botcoin forks are the exception but nothing truly decentralized is allowed anymore.
HBD is the backbone of the Hive economy.
HIVE being a native coin might be the default engine of it. But a stablecoin with a decent APR of 15% is the hedge against the volatility, and fluctuation and offers a healthy margin to maneuver.
As you said HBD is truly a decentralized stablecoin vis-a-vis USDT(a centralized stablecoin). In time, the crypto community will realize the importance of decentralized protocol-based stablecoins.
The internal market also is a kind of hedge against inflation to some extent.
Thank you.
None of the ramps have HBD option. This is why people sell for Hive and vice versa. Simple swap which is most used ramp doesn’t deal in HBD. this is simple reason people do this.
I don't see the problem with converting HBD to HIVE when the price is low to build your stake. Sure, you'd be creating more HIVE tokens (inflation) but you're also using your stake to vote, curate and strengthen the ecosystem. If conversion is a mechanism built into the protocol, why not use it?
Dumping HIVE on the market is a different story, but the main dumpers are recipients of the DHF.
Stakeholders of HIVE need to vote on the return proposal so that only the most useful projects get funded. Too many dumb projects with vague roadmaps and no accountability get funded for way too long.
I think HBD to HIVE conversion needs to be slowed down, possibly get daily payments for 7 days instead once in 3.5 days. But even then, there HBD needs to be liquid enough that people rather not wait for the conversion, and instead convert directly into Bitcoin, etc.
u can make it 14 days. It’s not going to slow it down at all.
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Good reminder or explanation to those joining as to theoretically how to sustain value within the chain.
You're the first person I listen saying the opposite of the others. In this situation, people generally tend to buy HIVE taking a part of their savings from HBD. What I understand is, that we'd not get so crazy swapping HBD as it makes the HIVE prize volatile, even more in a bottom circumstance. I still don't have a great wallet but I've been thinking on doing a small investment on HBD soon, I'll keep this video in mind when prize gets down like now.
We ain’t seen nothing yet. Just wait until Hive is a dime (.10) we’ll see exchanges far beyond right now
That's what I heard as well, but im not sure if that would be good or bad for us.
This is a nice project, please I need your help,
I am on a contest on @vibes which is pinned on my profile please I need your vote to win, I tried so hard to get to this stage but I don’t have much vote so please I want you check on my pinned post to help VOTE for me the name to vote is “Preshzinosongz” Thank you so much for your time…..
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Why are most of the top posts on Hive earning 10 and sometimes up to $100 while total shit posts on
Steemitare in the hundreds of dollars? The market caps and coin prices are pretty much the same. If I post something good to TravelFeed which posts to both I'll do well on Hive but earn three cents ofSteem. It doesn't make any sense.Whats the reason behind your recent vote on Proposal 315? @theycallmedan
We need to to consider and then bring about the end user.
Would you have any interest in a discussion around. Making HBD have a greater utility value.
Ensure a value for HIVE. A value for HIVE helps hold the HND stable.
In doing those things. Everything else falls in to place.
The biggest advantage Hive can have has not started yet.
Hold the HBD or spend it helps HIVE.
If you want HBD to have exponentially more liquidity then we should be scrapping the HBD yield entirely and allocating all that inflation to a HIVE/HBD AMM pool. But I digress, as this is something I've been talking about since 2020 and nobody wants to champion the idea except me apparently.
Then again all roads lead to Rome and it will be nice to see the HBD/BTC pair go live.