I hope so.
It's high time we push the focus from short term success to long term by not just holding stablecoins alone but making sure we build utilities around it.
It will be nice to see HBD have more than 10 use cases here on HIVE, in let's say 5 years from now. Ragnarok is on the list, let's see what comes next*.
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I don't think just Ragnarok is enough. We need more applications and platforms to use HBD. However, the first thing that needs to change is to increase both the liquidity and supply of HBD to make this feasible.
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Yes, Ragnarok isn't enough, we need more use case and that's why we have time on our side rn, being underrated is a blessing in disguise for now.
We'll see how much can be built around HBD with time.
PHbd pool is doing quite well and our liquidity issues is being solved slow and steady, we'll see how big the pool can go in a year from now.
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That is one of the first things that we need to do. Derivatives need to be created off HBD.
We need to get into many different financial products surrounding it. I wish the team would bring out bHBD quickly to have another derivative out there. Could open up the door for more arbitrage.
That is what we need, then can build more advanced derivatives on top.
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It would be nice to see that(bHBD) roll out sooner than later.
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We have to first make it stable.
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We actually have to get into the bonding first. This opens up a host of other possibilities.
Of course, since few who are dealing with these things understand the existing banking system, they are looking at things the wrong way.
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How's Ragnarok gonna use HBD?
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I believe it is the payment coin for purchases relating to the game. So whatever anyone wants to buy, it will use HBD.
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Need to hit up on the 4 different factors I discussed in my posts last week:
Most, at most, focus upon payment. Certainly required but the others give it resiliency.
If we can build these out, it is going to make HBD a lot more stable along with deterring attack.
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