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RE: RE: The Hive Financial Network - A Proposal

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@taskmaster4450le
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"TradFi spent many decades learning very hard lessons, resulting in some of the regulatory systems that exist today. Crypto has recklessly barged onto the scene, ignoring a lot of the lessons, and is needlessly learning the same hard way."

My answer is TradFi still ends up in a car wreck and regulation does nothing to prevent it. In fact, it probably makes it less stable.

The key is to think these things through and to put safeguards in place. for example, UST blew up, a stablecoin similar to HBD. Even without getting into the use case for $HIVE, we do have some safeguards that UST didnt have like the haircut rule. It is probably a good idea to not have your backing coin worth LESS than what it is backing.

As for what you can do, hive needs users. Keep diving in where you can, add more to the discussions, and keep spreading the word.

Hive is not fly by night.

Posted Using LeoFinance Beta