All these so called pegged coins will fail. at least most. The ones not backed bu much at all especially but all will be in bad position. The interest rates is what’s getting the government attention. I wish we’d end HBD all together. There’s no way it ends well. It should be about Hive alone. But outside of our home here even the literally claimed to be pegged directly ones where u can earn 8% interest, they will be crushed. Any actually decentralized will be forced off major exchanges and given the volume used on the big exchanges it won’t end well. I dunno I just don’t understand how most aren’t seeing this as likely. As of now just my opinion 🤷🏼♂️
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I don't think HBD will really cause a collapse and I don't think the governments would stop targetting Hive regardless if we grew big.
I think the most they can do is take HBD off the centralized exchanges and possibly Hive. In that case, I still think it will be fine because we have a Hive and HBD pool on PolyCUB now if people need to cash out. Of course, it will mean that things will be harder to cash out though.
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HBD will never be on the big exchanges like coinbase or Gemini, but I see ur point 💯. Yea I don’t see anything I brought up destroying our platform here, I just think HBD won’t end well. I believe over time it will be proven u can’t have a pegged or “stablecoin” without backing. Hive would survive even a HBD collapse. It would be much lower for a while but I don’t see it breaking things for good. But the story of stablecoins esp unbacked ones won’t end well. It’s not backed by anything and it claims to be a pegged coin. It can’t end well. Unfortunately. For me it just seems misguided to focus so much on HBD instead of Hive like many do since the 20% interest especially.
And what do you think of Justin SUN's USDD with a very high APR?
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I wouldn’t touch it. But that’s just my opinion.