RE: Could HBD Change DeFi On Hive?

almost 3 years ago

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There's definitely benefits to having a stablecoin in the ecosystem. First things first, is the development group here capable of making one that works as intended. From what I can gather algorithmic stablecoins are pretty challenging to get right.

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@taskmaster4450le 80

almost 3 years ago

First things first, is the development group here capable of making one that works as intended.

We shall see. They just started to address the issue, something that was overlooked by Steemit Inc for so long.

The hard fork will address the upside runs. If that can get into place, then we will have least be half way there.

Plus, with HBD, we are dealing with something truly decentralized since it is run by the witnesses (the blockchain) and not tied to USD. It is rather pegged to $1 worth of Hive.

No need to back it with USD like some claim to be doing.

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