RE: The Road To 10 Billion Hive Backed Dollars (HBD)
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Now that the HBD is actually being pegged and has some new mechanisms, I would love to see billions of HBD.
I was initially saying there's no point in having HBD as these other stables are used much more and super reliable. But now that Hive price is up, more users coming on, more things happening like NFTs/Splinterlands growing, we need a stable coin on here that has 0 tx fees.
Ethereum's 150 USD fee to swap from one coin to another is insane.
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Yes that is all true. I also think we are going to be in for some surprises with some of the heavily used stablecoins.
I believe we will see regulation, it is just a matter of how much. Regardless of what, I am sure audits will be part of it. That is where I feel something like Tether could blow up. Do they really have that many USD behind it?
We will see but that could be an "Enron moment".
HBD has the transparency that it is all on the blockchain. We do not need to question the amount out there or what it is backed by. Anyone can see it.
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