That is certainly possible. However does that happen in reality with different market dynamics in place.
There are a few assumptions like the idea that the market low will be the same in the future. It might but then it might not. Also, there is the idea that one person will be able to get a hold of a massive amount of HBD. Right now, without many use cases, that makes sense. However, if there is hundreds of millions of dollars in commerce taking place along with layer 2 options that use HBD for DeFi or whatever, is that still viable?
Also how does the need for Resource Credits, as the chain gets more active, affect the ability to convert Hive? Could this minimize the amount of HBD that is created, negating some of this discussion anyway? At the same time, does that put in a "floor" on the price of Hive dropping?
All things to consider when looking at this equation. Hard to tell where the vulnerabilities could crop up along with where they will.
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Yeah, there is a lot of IFs on the both sides of equation. I think it's important to avoid both extremes, hope for the best, prepare for the worst as they say.
It's easy to fall for instant gratification, we all are hungry for gains seen in the rest of the crypto world, this emotional factor also shouldn't be neglected. Working haircut gradually up, together with all metrics growing or even creating some sort of safety system which would consider many factors could do IMO.
Agreed. We fall into the trap of wanting things now without looking at the long term outlook.
We cant see how things will unfold (law of unintended consequences). I do concur that at the end of the day, it is vital to protect the chain from vulnerabilities.
Growth is vital and expansion needed. However, that must be tempered with an eye on security.
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