You are viewing a single comment's thread from:

RE: The Oncoming Liquidity Crisis In HIVE Will Send The Price Flying

in LeoFinance3 years ago

The only way I can see HBD actually utilised as a stablecoin, apart from more being produced the coin needs to be useful on the Hive blockchain. If you could purchase NFTs or do anything with it other than purchase Hive it would be useful.

However no one accepts HBD outside of Hive, so I just don't get this obsession with making it a stable coin. Like you say 24 million is a big gap from 1 billion.

In that that gap is so big, that to put it in perspective, imagine I gave you 1 HBD for every second that passed.

You would have 24 million in under a year, 277 days to be exact.

Now the same to reach to a billion? 31.7 years!

We are never getting to 10 billion, and if we do, then I hope there is an actual use for HBD otherwise I just think we should faze it out.

Cg

Sort:  

The difference is we can generate more than 1 HBD per second.

I can convert 100K HBD in about 3 seconds, the time it takes to create a block. So your math doesnt work in that regard.

Posted Using LeoFinance Beta

Yes point taken, I was just pointing out that there is a lot of blue sky between 24 million and 10 billion

Cg