Hive Cannot Go Bankrupt

▶️ Watch on 3Speak


There is a lot of carnage right now in the cryptocurrency world. We have a situation where a lot of the fluff was shaken out. This might not be done either.

In this video I discuss how Hive has resiliency with no company to target or to declare bankruptcy.

By the way, LBRY said it will not likely survive the SEC action although the protocol and blockchain will march on.


▶️ 3Speak



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(Edited)

Remember what they thought about the Titanic in 1912? That the Titanic is unsinkable. Yet the ship crashed into an iceberg, and sank in the same year. Confidence is a good thing, but overconfidence is not.

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Hive is automatically backed by the community, not an entity. To fanthom it going bankrupt is like saying the community will disband. Our trust solely backs us in decentralization. As said by @taskmaster4450 hive is not a company and one man doesn't hold a majority of the tokens and so it is truly descentralised.

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The Hungarian Pengő was a used fiat currency in my country (in Hungary) between 1927 and 1946. It was replaced by the Hungarian Forint, after "the currency survived for only 20 years, and experienced the most serious case of hyperinflation ever recorded."

Is the Hive (or the cryptocurrencies in general) protected against hyperinflation? If yes, then how? And what if someone creates a much better thing than the cryptocurrencies?

The "Hive cannot go bankrupt" is a very brave statement. Any currency can go bankrupt. And a better currency can always come. As the history already showed this. Probably there will be a better thing than the cryptocurrencies over time. Maybe not in a few years, but probably many decades later.

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I wish hive and all its devs more strength to keep everything in one piece.

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Hive is great in that it can't be targetted legally but it all depends on how much value Hive can bring. So applications and community will be vital towards making sure Hive thrives.

Posted Using LeoFinance Beta

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Hive cannot go bankrupt but when the price of BTC goes down, the price of Hive goes down too.

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There is still some FUD against Hive, but Hive has the power to grow exponentially. A few months ago Hive was around the top 250 coins according to CoinGecko. Today, Hive is above the 200 top coins mark, there is demand for Hive, and Hive is growing in popularity. Hive has a strong chance to grow, especially as mainstream social media sites are doubling down on their censorship rules.

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