Stablecoins are the future. The volatility of traditional fungible cryptocurrency make it lousy for merchants.
In this video I discuss how we need to focus upon the stability of these coins. This is where the future of crypto payments resides. With that, we can develop a system that enjoys the network effect that comes from billions of people.
▶️ 3Speak
HBD is trading at $0.86 on bittrex and even lower on Blocktrades. Doesn't sound very stable to me.
Cg
What is the volume on Bittrex? Can Hive wallets even be accessed on there?
As @forexbrokr pointed out, HBD is showing a lot more stability on the DeFi applications.
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It's a low volume (but regardless of volume the other real stable coins are still $1) and of course you can access wallets there, which is why my HBD is sitting on that exchange.
Don't know anything about the DeFi apps, but again, if HBD was a real stable coin, I'd be able to sell it for $1 on all apps.
Cg
Now check the HBD price on the internal market and the bHBD price on Pancake.
Looks pretty stable to me ;)
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The internal market is worthless if when I then go to convert my sold HBD I get less than $1.
I shouldn't have to learn about bHBD and Pancake, I have no idea what those two things are. All I know is when I try and sell Tether or USDC I can do so for one dollar, the same price I bought it for. I cannot do that with HBD, you guys can carry on deluding yourself and circlejerking your way to oblivion, but don't expect me to be a sheep just because I want votes. I'll tell it like it is, HBD is not and never will be a stable coin, so leave it the fuck alone and allow it to go up as much as it wants.
Check out this list of actual stable coins (though there are a couple of imposters on there)
What do you notice? Have you sprained your wrist from scrolling to find HBD on the list? :)
Cg
Yep, you got us cj.
All the best.
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Once again you have extremely honest and knowledgeable answers to this entire situation. And absolutely stable coins are going to be absolutely needed for Market transactions.
A lot of the fees are going to have to be microscaled for a lot of people to really start using all this technology in day to day transactions.
We still have a lot of work ahead of us. However, there is a great number of people looking at making it reality.
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I absolutely agree the future is looking very bright for us
I think there needs to be a lot more HBD before HBD can really take place. I wonder if there is any stablecoin that will be backed by a token but will have enough liquidity to transact in. Then again, who knows how much HBD will be there in a decade.
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The difference is that $HIVE can be converted to create HBD. Right now, there is no incentive to do that since the use cases are still rather limited.
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