Actually, the man may be right. Because HBD stabilization and TerraLuna are the same system.
And because of this, Hive and HBD price are very vulnerable to dump attacks from outside. So a few big whales can push the Hive price wherever they want...
But I guess, it is yet to be proven. So far, nobody is attempting to have a 51% attack on Hive, or atleast push the price to a death spiral cycle.
Yes, prices can be manipulated to some extent, from what I observe, sudden spikes or dumps are stabilized within 1-3 days as community members/traders do their leveraging.
Hive economic dynamics is complicated, too many moving parts.
Yes, because no one has ever done such a dump attack. On the contrary, pump attacks were made several times. And apart from that, the Hive price has always remained low... This means that these communities we believe in need to develop themselves much, much more.
If somebody will take control of the network, the attack needs to buy all the liquid Hive in the market making everybody rich overnight but even that will not be enough because fresh Hive power cannot influence the witnesses until after 30days, right?
The community have HF already in the first few days.
No, this is not actually taking control of the network. Simply put, if a few whales consider buying or selling Hive, then things change. For example, someone who has millions of Hives wants to sell them all or a leveraged transaction. 😀
For me, Hive allows me to convert to HBD which is now earning 20% APR.
I also can invest in swap.btc on Hive Engine.
I have more than made more than $100 from doing this.
HBD or Hive USD(HUSD) has far more check and balance mechanism compared to Terra Luna.
Yes. There's also a community behind it.
must be old member who got kicked by whales and hivewatchers and now he is taking revenge.
Posted via D.Buzz
The be fair with him, surely the first impression is that it will fall like terraluna, but up to now, HBD or HUSD supply is still very much stable.
Actually, the man may be right. Because HBD stabilization and TerraLuna are the same system.
And because of this, Hive and HBD price are very vulnerable to dump attacks from outside. So a few big whales can push the Hive price wherever they want...
Posted via D.Buzz
But I guess, it is yet to be proven. So far, nobody is attempting to have a 51% attack on Hive, or atleast push the price to a death spiral cycle.
Yes, prices can be manipulated to some extent, from what I observe, sudden spikes or dumps are stabilized within 1-3 days as community members/traders do their leveraging.
Hive economic dynamics is complicated, too many moving parts.
Yes, because no one has ever done such a dump attack. On the contrary, pump attacks were made several times. And apart from that, the Hive price has always remained low... This means that these communities we believe in need to develop themselves much, much more.
Posted via D.Buzz
If somebody will take control of the network, the attack needs to buy all the liquid Hive in the market making everybody rich overnight but even that will not be enough because fresh Hive power cannot influence the witnesses until after 30days, right?
The community have HF already in the first few days.
No, this is not actually taking control of the network. Simply put, if a few whales consider buying or selling Hive, then things change. For example, someone who has millions of Hives wants to sell them all or a leveraged transaction. 😀
Posted via D.Buzz
Dumping tokens to put the price near worthless or to put it on death spiral🤔
Well we can buy the cheapest Hive that we can bought, and be the next whale!
In such a situation, we will not be the next whale. 🤷♂️
Posted via D.Buzz