How community's Hive backed-dollar can help the crypto space
UST broke its peg on the dollar, I am not sure of the term dollar-backed stable coin if there is a centralized point of failure, I cannot put my money and wish that the blockchain won't fail if there is centralization concern.
Sad to say but 99.99% of crypto is centralized, not near the meaning of decentralization, then how HBD can help? It is an alternative to most failing stable coin out there plus no centralization issues
BUT HBD is not stablecoin, eh?
In meantime, as of writing this post, the answer is no, HBD is not a stable coin yet, but when we grow the market cap of Hive and HBD, perhaps we can see a more stable coin for HBD and backed by true decentralization. Just imagine if we grow our market cap like Luna and Solana, the world can see a true community backed-dollar stable coin.
Just want to encourage our people here to tweet reply under this tweet and explain the HBD existence, there are good posts made by @taskmaster4450 that we can use to explain HBD further. Copypasta is easy, right :)
https://twitter.com/TheRealPlanC/status/1523823260047138816
https://twitter.com/Dennis_Porter_/status/1523815737801932800
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Keep doing a great job for Hive
!PIZZA It's true friend
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https://twitter.com/RealManniMan/status/1524198796468666370?s=20&t=5Fl_x_C9WP8zF2rCLS9QBw
Great point
Let's do this
Yeah, thanks you for always active and promoting Hive my man @manniman
https://twitter.com/tblizofficial/status/1524255735672156161?s=21&t=PCK7CKZm-zCfMQo5NphBew
Thanks brother
https://twitter.com/ubani_ariba/status/1524256387819261952?s=20&t=lTFXQIWbqJZo6hy_YNgmtA
Indeed
https://twitter.com/EzeEkaffy27/status/1524276648878743552?t=X8QHll_Mv45_ceLF2EWqLw&s=19
Good
https://twitter.com/gyul_yan/status/1524298467585183745
https://twitter.com/ObiozorChiagoz2/status/1524354456686575616?t=0D2DXAYK00Lqqhw9-snRpg&s=19
Good point
https://twitter.com/Fatherfaith1/status/1524446039218049024
Decentralization is the only way indeed