RE: Hive Backed Dollar: Showing Need For Decentralization And Distribution
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That is a very interesting point that was brought up. I had not thought of that. It is also very true that the community would likely not allow someone to take over the chain like that. Kind of a been there done that sort of thing. Seeing how they rallied last time, they would no doubt rally this time. I just tucked some more HBD away into savings myself!
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I would think the community would rally again. Many of the same strong hands are still around with others getting stronger.
It was a difficult time the last go around yet we are seeing a new found strength from what the community can do.
Also, as Blocktrades mentioned the downside peg does break so that it can only produce 10% more Hive. That is a big burden removed.
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I know I am in a far better place now and I would definitely do my part to protect the chain (and my investment). Now that we have been around a year there are a lot of people with a highly vested interest in Hive.
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They are. Many were fully committed the day of the split. Now that there is a lot more money floating around, such as the @splinterland people, many have a reason to be protective of this golden goose we have.
There are a lot more golden eggs to come in my opinion.
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Great point. I've always been heavily invested in this platform (time-wise) but having my Splinterlands assets in the range they are now is a whole other level!
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