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RE: Is HBD Getting More Stable?

in LeoFinance • 3 years ago

I guess it is a feature if it holds. When the price runs up to $9 like SBD did, that isnt a feature. It then becomes a speculation toy, which mirrors all other crypto and, incidentally, why we dont see a great deal of commerce taking place in it. Who will spend it when it can 100x over the next year (or whatever)?

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3 years ago in LeoFinance by
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     3 years ago  

    Good point, if it can 10x or 100x it loses its functionality as a stable coin and becomes more of a speculative asset youhold, instead of using.

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       3 years ago  

      Yeah. The key to a stablecoin is maintaining a peg which then can encourage commerce. We then are looking at increasing the velocity so as to develop a thriving economy.

      As you can see, the first step is the peg.

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