Crypto hasn't changed much these last 6 years. 99% is still garbage that doesn't solve anything. The scammers who cause a lot of attention just got bigger and the amount of pumped money into these garbage projects just got bigger.
Liquidity is a problem for HBD. But we have the USD as a unit of account but are not tied to it. Thus with $HIVE, we can create a vast amount of HBD since the demand for HIVE will grow
The utility of #hbd is growing.
That is vital to the entire value of the currency. Network effect is vital for currencies, not just social media networks
Having a gamer account that keeps your identity across multiple games will be a huge value add.
Crypto hasn't changed much these last 6 years. 99% is still garbage that doesn't solve anything. The scammers who cause a lot of attention just got bigger and the amount of pumped money into these garbage projects just got bigger.
Yet on the flip side we have come light years. That is technology. In many ways it looks the same yet is vastly different.
A lot of infrastructure was needed along with more still required.
The Curated link doesn't even work... so, doubt we're on their front burner.
I’ll take a shot at writing a blog post about the deadman switch court order option.
There will never be 100% redemption of a stablecoin if there is utility.
People have to hold HBD like in Cuba to pay their electric bill.
Let's go!
#ctt
The stablecoin will end up owned by the banks. Look for a JP Morgan or Goldman Sachs to take over Circle (USDC).
Not $HBD
It doesnt matter. Traditional banks runs arent relevant.
All deposits in the US up to $300K are backed by FDIC. So people under that level will not lose a dime.
Yo!
Yooo!
#Ctt
Good to see you here.
$HBD has been battle tested
#ctt
Need to keep pushing things out and building more resiliency.
We did learn a lot out of the Justin Sun situation and filled some of the holes.
It was a blessing.
Curious about y’all’s thoughts about this:
Preemptive feature to consider for next HF
Enable witnesses to delegate 100% of their incoming witness votes to an alt account
If courts target a witness, they can delegate to someone else & force courts into a losing game of whack-a-mole
Crypto firm Circle reveals $3.3 billion exposure to Silicon Valley Bank:
https://www.cnbc.com/2023/03/11/crypto-firm-circle-reveals-3point3-bln-exposure-to-silicon-valley-bank.html
$3.3 billion out of $40 Billion. #ctt
You have a problem with volatility
Liquidity is a problem for HBD. But we have the USD as a unit of account but are not tied to it. Thus with $HIVE, we can create a vast amount of HBD since the demand for HIVE will grow
What about if you shower with your clothes on?
Is that a problem?
More about #HBD:
HBD Glossary:
https://leofinance.io/@leoglossary/leoglossary-hive-backed-dollar-hbd
HBD Case Study (includes idea proposal):
https://peakd.com/hive-167922/@rubencress/case-study-hbd-savings-delegation
Tune in on #CTT! Currently speaking: Nathan Senn from @DBuzz
-> d.buzz makes its code #OpenSource, including a Messaging encryption app!