Over time (past 1-2 years considering what should happen as HBD begins to work better), yes liots of discussions, but this particular change caught on quickly. It had a lot of support and didn't need much discussion.
Yes it is interesting. Some of the pushback I got when attempting to build support for SBD and then HBD for years was that Tether was the most successful therefore nobody cares about decentralized algorithmic stablecoins.
...therefore nobody cares about decentralized algorithmic stablecoins.
The threat of regulation certainly changed that opinion. People will really start to question things when they realize those entities behind Tether and USDC will have to come under the banking laws.
Decentralized algorithmic stablecoin on a blockchain with time lock capabilities can evolve into the most precious asset in the international banking/financial system: pristine collateral.
The best part is that system is already ledger based (albeit not transparent, open, or inclusive). Few realize how Hive is one of the limited ones that actually can make a dent in this area. Suddenly we are talking a market that operates in the trillions.
I am sure there were lots of discussions in the background about this.
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Over time (past 1-2 years considering what should happen as HBD begins to work better), yes liots of discussions, but this particular change caught on quickly. It had a lot of support and didn't need much discussion.
It appears the success of UST made it a bit easier to see how successful it could be.
Of course, there is VC money there where we are operating on a decentralized platform. We will be a bit slower but more successful long term.
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Yes it is interesting. Some of the pushback I got when attempting to build support for SBD and then HBD for years was that Tether was the most successful therefore nobody cares about decentralized algorithmic stablecoins.
The threat of regulation certainly changed that opinion. People will really start to question things when they realize those entities behind Tether and USDC will have to come under the banking laws.
Decentralized algorithmic stablecoin on a blockchain with time lock capabilities can evolve into the most precious asset in the international banking/financial system: pristine collateral.
The best part is that system is already ledger based (albeit not transparent, open, or inclusive). Few realize how Hive is one of the limited ones that actually can make a dent in this area. Suddenly we are talking a market that operates in the trillions.
Posted Using LeoFinance Beta