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RE: Backing a Stable-Coin With BTC
25
@mercadomaestro
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1 min read
I agree with Taskmaster - it's a bad idea to try backing a completely centralized & controlled digital asset, such as $BUSD, with $BTC. Not just because of the fundamental incompatibility, but because $BTC is not a reserve currency, and should not be viewed as such, because it does not maintain a stable store-of-value for the time being (while I am bullish for the longer-term point-of-view).
I like $HBD and trust Hive as an ecosystem to work in the best interests of the users, which give it value.
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