Well said. "Stable coins" have a very limited use case.
Efforts to make a "stable coin" the primary focus of a platform undermines the platform.
I have to put "stable coin" in quotes because their is no such thing. All financial assets fluctuate in price.
The thing I liked about crypto is that the exchanges were developing a market that realized this natural flux.
Anyway, I am heartbroken that HIVE has chosen to follow the path of UST and the other blockchains that jeopardized the platform of the sake of a stablecoin.
Posted using Proof of Brain
Jokes about stablecoins will appear soon)... at least the combination of the words coin and stability will cause hysterical laughter)
Posted Using LeoFinance Beta
That's the shitcoin narrative game, since there is no fundamental use case, you constantly have to invent one to keep people coming back, has bitcoin's usecase changed in 13 years no? Because it does what it says, shitcoins have failed miserably against bitcoin and now want to pivot into becoming mini central banks issuing unbacked fiat currency
You are literally using a "shitcoin" platform to exchange ideas (not "coins") with other people and engage in collective knowledge production. That is something Bitcoin was not meant to do, and it's something useful and powerful at the same time. Hive is backed by this process of collective knowledge production, by the transactions in nftshowroom.com and other marketplaces for digital art, by the games it powers. That's today, but the power of this platform is that it can sustain a host of other collective endeavors, where people come together and collaborate and achieve something. It's been done in the past, in the time of steem, there's no reason it cannot happen again.
Yes I know and dumping the shitcoin has been a complete ball ache because there is no liquidity lol 🤡