RE: "Gold 2.0" is a Pathetically Low Bar
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Do you think there is a token that could be used every day as a regular currency? Is it Hive? Something else? Great read by the way!
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The only way for cryptocurrency to become a unit-of-account with stable value is via hyperinflation and AMM liquidity pools. The community must then set up rules that manipulate inflation and yield to create a steady value.
Hive must create AMM liquidity pools and print way more inflation to accomplish such a feat. This is something that very few people (if any) actually want to do, as most people in this space still wrongfully think that deflationary economics are the way to go, despite thousands of years of economic theory that proves otherwise.
However, I'm not worried either way. Hive is already very unique in that bandwidth is farmed via yield.
This alone will create some very exciting synergies going forward.
Also, most AMM yield farming networks don't have to allocate inflation to security (block rewards) and are simply built on top of another network that handles the security (usually EVM networks (like ETH and BSC and Polygon, etc).
Very interesting! Thanks for the insight! I am not sure I understand all of it, but it gives me something to research now!