Not kidding
The talk of the town has been about LUNA and USTerra this week, and I understand that. But the fast growth of this project should have raised some eyebrows with people. Sadly some people over here lost a lot of money. And I feel really sorry for them. But, the reality is, the LUNA project is dead and buried, despite whatever they will try to revive it.
It is obvious that malicious firms took advantage of the vulnerability of the algorithm and that is really sad. But that’s just how the world of money works. There’s no room for sentiment, and every flaw in such a mechanism will be exposed sooner or later. That’s completely to blame on the developers and team behind LUNA and UST. They are responsible for the safety of their product, nobody else.
Now comes HBD into play, of course HBD won’t replace UST in market cap, and that is not necessary too. But people that are into stable coins on this platform, should start to realise that what we have here is of great quality and the mechanics behind it are extremely safe and ingenious.
So why go abroad if you have everything you need right here?
Hive Backed Dollar and Hive will profit from this and will gain popularity and influx of money like never before, the new king is here and here to stay!
Sincerely,
Pele23
hive community is big. and HBD AND HIVE COIN IS VERY STRONG LONG LIVE HIVE.
TBH I prefer HBD growing under the radar for now and coming up slowly. We definitely don't need to replace UST to succeed, and I know our developers are constantly considering every outcome when setting an APR
The kind is here! The king is here! HBD!! :)
HBD is great but I think the liquidity is a bit lacking. You can wait for the internal market to get HBD from the stabilizer but that is slow. Or you can opt-in for the pHBD pool but I think even that has it's limits on how much you can buy without getting a ton of slippage. There is just a lack of HBD.
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