Terra ($LUNA) Hands Down! 🙏
It is a stable of stablecoins! A protocol to create and run algorithmic stablecoins. For example, UST (Terra USD) is built on Terra Blockchain and pegged to $1. Everytime a new UST is minted, $1 worth of $LUNA (Terra's native coin) gets burned. Helping DeFi apps and protocols achieve their full potential without restrictions.
Talking about Utility. This is what they have achieved so far:
2M Active payment users. $1B Transaction volume per annum. It is being used as real money and getting popular in Asian markets!
I wonder why don't have payment apps on Hive yet. Maybe HBD is not that stable and it's not viable for big businesses to use it.
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Also, UST is decentralized unlike USDT, USDC, BUSD, and even DAI.
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Hmm...seems like something I should look into. But hive already has a stable coin--or should I say a semi stable coin --COIN 👀
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Yeah. HBD doesn't hold the peg too often and that's a problem we need to resolve asap. It could have a bright future.
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The peg for HBD was supposed to be improved with Hard Fork 25, and for a while it looked that way.
Given the events since then (with HBD going as high as USD 1.20 or higher), a post-mortem of HBD's performance needs to be made to determine what happened beyond the scope of the algorithms so that the algorithms can take those factors into account going forward.
Algorithms are only as good as the people who create them, and creating algorithms isn't an exact science. It's an experience we can all learn from. Over time, the peg used by HBD will function better and better.
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I have learn a lot of people like it so far but I haven't bothered to use it yet. Maybe when you can spend money directly in the US I will.
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Yeah. Till then buy LUNA if you can. It's going to be a great investment.
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You have peaked my interest. I am looking for a good stable-coin to store my initial investments when a project does well until HBD gets straightened out.
For sharing this great information, I will give you some !PIZZA. I do not have any !BEER so you will have to get that from elsewhere. 😉
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Speaking of PIZZA, this is a Layer 2 token which is heavy hitter behind the scenes. It has people behind it who are serious investors, and they are involved in blockchain gaming (especially for Rising Star). It actually performs as well or better than LEO.
I've been able to distribute PIZZA tokens with the "!" for some time, but now I'm staking extra slices of PIZZA which come my way.
As for BEER, I need help there.
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What do you mean by until HBD gets straightened out?
Just curious.
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For a while since HF25 HBD was maintaining its peg to USD, fluctuating betweem 0.95 and 1.05 as designed. Recent events caused HBD to go as high as 1.20 or even higher than that. That's great for a regular coin or token, but that's alarming for a stablecoin.
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See @magnacarta's comment. He explained it better than me. @smooth and folks are doing their best but them folks that trade on those Korean exchanges keep mucking up the works!
I think the destablization of the HIVE Backed Dollar (HBD) is a conspiracy with the STEEM blockchain in collusion! It is making the dogs gay damn it and I don't like it!
Call out the National Guard, La Guardia Nacional, the Legion Estranger, MI-5, Interpol, the Girl Scouts, and all the folks. This shit (HBD pump and dump) is worse than PIZZAGATE and should be termed STEEMYGATE!🤣
#conspiracy #schubes #rant #satire #lamehumor
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When the algorithm for HBD maintaining its peg was written, I don't they had this scenario in mind. It's not easy to address this via code.
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Oh, and have some !PIZZA too. I have not given away all of my quotas today!
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@taskmaster4450le! I sent you a slice of $PIZZA on behalf of @leopuma.
Learn more about $PIZZA Token at hive.pizza (1/10)
@finguru! I sent you a slice of $PIZZA on behalf of @leopuma.
Learn more about $PIZZA Token at hive.pizza (1/10)