I think I'd be more excited about it if it were USDT or something similar that is also "handled everywhere." BTC is a nice name dropper, but functionally has less utility, and the transaction fees are heinous.
What would be really useful for Hive would be if there were a "buy crypto with a credit/debit card" option that actually supported Hive, directly. Currently you have to buy any number of other cryptos, and then swap to Hive.
My point here being that what we desperately need around here is (a) ease of use and (b) features that make Hive appeal to those who are not already IN crypto. As in, being the option that addresses "I thought crypto was really complicated, but Hive made it easy!" THAT is worth pursuing. And THAT would drive new adoptions...
Agree with adding usdt, but btc is censorship resistant. Usdt’s backing assets are held and registered in regulatable jurisdictions. It’s a huge risk.
Btc as an exit liquidity layer is a gift from the universe. The system has not seen how much it shoots itself in the foot by embracing btc.
We just use btc as exit liquidity layer to fiat until there are enough hive and community tokens everywhere where we created circular economies.
Once that is complete we have a true separate, alternative economy that cannot be KYC’d.
The decentralised bridge to btc is essential to this.
No other chain can distribute like hive. All other chains distribute via mining rewards or defi. Plus they are made with icos that give regulatable VC the control over those eco systems.
Hive stands alone in its ability to distribute and without no VC. A decentralised btc bridge gives us protection liquidity until distribution is complete
That already exists?
The one advantage to BTC is the fact that even the SEC has stated it is not a security. With the stablecoins there is great regulatory uncertainty. USDT has always had people questioning the backing. What happens if the US Congress bans it since the company does not have a banking license?
Circle has filed and will submit to audits. That is going to be a minimum in any US legislation.