Remember what they thought about the Titanic in 1912? That the Titanic is unsinkable. Yet the ship crashed into an iceberg, and sank in the same year. Confidence is a good thing, but overconfidence is not.
Remember what they thought about the Titanic in 1912? That the Titanic is unsinkable. Yet the ship crashed into an iceberg, and sank in the same year. Confidence is a good thing, but overconfidence is not.
What a cunt
That’s a jump
Hive is automatically backed by the community, not an entity. To fanthom it going bankrupt is like saying the community will disband. Our trust solely backs us in decentralization. As said by @taskmaster4450 hive is not a company and one man doesn't hold a majority of the tokens and so it is truly descentralised.
The Hungarian Pengő was a used fiat currency in my country (in Hungary) between 1927 and 1946. It was replaced by the Hungarian Forint, after "the currency survived for only 20 years, and experienced the most serious case of hyperinflation ever recorded."
Is the Hive (or the cryptocurrencies in general) protected against hyperinflation? If yes, then how? And what if someone creates a much better thing than the cryptocurrencies?
The "Hive cannot go bankrupt" is a very brave statement. Any currency can go bankrupt. And a better currency can always come. As the history already showed this. Probably there will be a better thing than the cryptocurrencies over time. Maybe not in a few years, but probably many decades later.