I know HBD has been around for years, but we are still really in a bootstrapping stage. It is hard to need supply with low demand and it is hard to have demand with a low supply.
HBD really needs a demand stimulus. High interest is one possible demand stimulus. Check. Happening. Both the witness interest raise and the polycub pool should help with that.
The other white whale is a use case for spending. It needs a place to be spent. A game, a gambling site, an offline shop etc. These are coming, but they will take some time to grow slowly. No one will take HBD as payment if they can't somehow change it into goods they want or fiat etc. The liquidity pools will help with this. I don't knwo if it can catch on but if it does then we will be ina virtuous cycle.
It needed some sparks and currently pretty good attempts are being made. Coud we do better? sure, but acceptance will probably not be as fast as we all want until it is suddenly faster :-)
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I agree we are still in the very early stages. The focus only started with the emergence of the HBD stabilizer (at least from the public perspective). So we are a little over a year into it going from my memory.
This is certainly true. The medium of exchange feature is enormous. Here is where the network effect kicks off but not in the way of sending prices appreciating. Instead, it insulates the stablecoin against market fluctuations since many are not paying attention. They have other reasons for having the token in their wallet.
I do think we have two other things to focus upon which will help a great deal:
Put all four of those together and we have a very powerful stablecoin.
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