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RE: Thought Experiment: Centralized Exchange Offers Instant HP Powerdown

in LeoFinance4 months ago

As a commentary to all those who say "I'd never be part of that, I'm thinking that all it takes is "the right situation."

Your spouse is in hospital and will die unless they get a transplant within two weeks, and the only way you can raise $50K (or whatever) is liquidating your HP, most people would be all over signing their souls over to Binance.

"Sorry dear, but you'll have to die because I won't abandon my principles" doesn't actually play very often in the real world.

As a thought experiment, though, this is a potential threat vector, to be sure.

=^..^=

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I mean let's be real this would be very nice utility for any account that wants to earn yield while also keeping their tokens liquid (which is the standard for AMM farming). I think a lot of people can't even fathom Hive getting mainstream adoption judging by these comments.