HBD as a sustainable stablecoin, can it work in the long run?

There is only one solution to the sustainability of any crypto, even Bitcoin will need it.

Ease of use determines the adoption through the adaptation of innovative ideas.

A simple write up.

We are all so used to and even reliant on payment systems today that we do not even have the chance to really think about its beginnings. Electronic payment systems were not always around and is actually a fairly new concept. If you think it is not then you are only looking at it from your life experience. Money or currency was moved physically until the advent of the computers. A new technology. Established. But in human terms, very new.

Electronic transactions then are a new technology. Firmly rooted into our lives today. Crypto, even newer. What are or is the biggest wall to it being widely used? The ability for it to interact with the physical world.

EL Salvador is the one place I know in my experience, where there is an interaction between the electronic to the physical. In terms of crypto (BTC) to be used easily.

Mind you we are all so tribal, we fail to see how it will affect positively all other crypto as a whole by the success BTC will have on mass adoption by El Salvadorans.

BCH communities are one of the most vocal tribe wanting to bag El Salvador's experiment, these people have put all their eggs in this one basket and will use every opportunity to give negative reviews. Don't believe me? Just go to noise.cash.

Where am I going with this?

HBD is our most hyped topic since since the increase in value of Luna and UST to the current state of it. Most of what I have read regarding HBD has been about its sustainability with the 20% interest increase. The idea put forward is there is a lot of avenue HBD can squeeze into the stable coin market and this will only be done with the creation of liquidity. More interest, means more liquidity.

The flow on effect is attraction of institutions to use HBD. Hmmm. I think I read an article that the demise of UST was institutional machinations. Could be fake news. I had that thought when I first read attracting these institutions weeks before USTs demise.

Of course tribalism now blame the whole Luna and UST system as a Ponzi scheme. An unsustainable algorithmic peg.

Noted concept brought forth by the article I read. Massive institutional sell off has meant the algorithmic design became unsustainable.

I ask then how are we able to ensure HBD and hive will not follow since after all our platform is similar in a way. Yes yes, I know I will have you thinking. No we are different because we are not centralized there fore it will never happen.

Can we all guarantee that our are we all just hypothesizing on not being in the same shoes due to the whole reasons why HBD is different. Mind You when I really think about it other than the fact we are in a decentralized blockchain in the end HBD is pegged with Hive. A sudden influx of interest driving prices up then a sudden capitalization of these gains will result in a very fast sudden drop.

I am not an expert. But looking at the whole sustainability of HBD and hive I am not convinced our system is safe from large institutional machinations. If the original makers of Steem can get drawn out of their idealist ideas into selling their large stake, leading us all here into hive. How do we know it will not do the same for anyone of us to turn the other way off since we have already made our money.

There has to be a solution.

I have to acknowledge the existence of HBD being used as a payment option for internet purchases through the internet, looking at hiveprojects.io I see telepay and hivepay. These are two projects we should be supporting and promoting if we are serious about HBD as an accepted payment token.

I am hesitant to highlight anything without a solution or an idea of what I think can be used to answer my initial question. In this case, sustainability. Like all currencies in the world on an electronic format the one thing allowing them security is the ease of use it has. Visa and Diners Club have given rise to physical interaction of my money in electronic form with me getting a can of coke.

Do we have a way to do the same for HBD? I am not saying hive here because we are all saying HBD is out payment medium. We all want HBD to be the fore front of our blockchain.

I think then the one thing giving security to HBD and hive would be the ability of ease of use of our native payment coin, HBD, in the real world. After all we all don't live in the metaverse. We all like to but then how can we go relieve ourselves from our bodily function. I for one do not see myself as a vegetable hooked up into a Matrix like existence. Is there a project in the works similar to a Visa or Mastercard experience?

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