Who didnt see this one coming? Mentioned this in a post a few weeks ago.
“It’s a very thought-through doctrine about how to stop the crypto industry from growing too fast and too much,” says Maya Zehavi, a crypto entrepreneur and investor who has advised regulators.
For this reason, we need to step on the accelerator and kick things up another level.
We really need to put a lot of attention on HBD and get that operating in a manner that makes it a transactional currency.
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I don't think anyone is surprised that the mainstream banks are trying to grab whatever financial control that they can. After all, they are losing their fight against FinTech. We need more decentralized options that the big banks can't control and it will be an option that people can opt into.
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They are being aided by their friends in the government. This is something that the industry is going to have to work very hard to fight off.
It might come down to the only solution is algorithm based stablecoins like HBD.
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What a bunch of power-hungry, money-grabbing hypocrites. I just said the other day that I think the governments are going to go after the stablecoins for exerting control. I didn't expect to be this right, this quickly.
Totally agree. We absolutely MUST get HBD into a more stable and liquid currency. The use-cases could literally be endless and being that it's completely decentralized, could very possibly be one of only a very small number of currencies outside government control.
The fight is real. We need to keep building...
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It was the topic of my blog post this morning.
As for power hungry, that is what they are. The stablecoin attack is going to be quick and fierce. This will not be up to debate for too long. I have a feeling the government will move quickly on this one.
We have to out develop them. That is our solution.
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It's all going to be trials and errors, banks can't handle the heat, but they can try.
It's early for them to even know what serves as a threat and what's not.
They can't stop and think anymore, so they just do what they think would stop the decentralization revolution.
they get to print $$$ but we can't do that, so we got better, now we're the threat🙃
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The key is we can create money just like banks. We are all bankers now. That is what makes crypto such a threat. We are treading upon the commercial banks monopoly over the money supply.
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We sure are all bankers now and we even do a better job than them. Not the same for everyone but the fact that we are a threat means we are doing a great job and now they want to join in since they can't beat our existence.
Hbd will be a huge deal in the future of Hive and cryptocurrency. That's another marketing strategy on it's own
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