It failed because it was done as the bear fell. Nothing would have worked because Bitcoin leads the market. Nothing will work until Bitcoin leads the market up again. April 2022 and August 2023 are EQUALLY bad times to start and assess an experiment like that.. all we're going to do is put bad stories out in the market before the bull. "HBD used to beat inflation, but now ..."
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But now HBD still beats inflation by a good margin. In fact, it's still 20% and nothing has changed at all.
And very little will until roundabout the spring of 2024. Unless someone has data I'm not seeing ANYWHERE, the crypto markets as a whole follow Bitcoin, and that doesn't halve until around May next year. In like manner, nothing could be done on the wrong end of the cycle in 2022, either -- what crypto endured that without heavy losses, and how would we have stopped a stampede that big running from 80-99 percent losses with a stablecoin nobody really knew yet?
But consider what story we want told when the bull run starts again. Do we want people to be talking about Hive being exceptional in this regard -- 20 percent is actually no longer unique, but the access to it Hive provides still is -- or take away another distinctive?