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5/ Hive is a fork itself yet it is one that surpassed the original. One of the main reason is the fact it is decentralized more than the first chain.

4/ Hive is one of the few blockchains that is decentralized, at least on a relative scale to the others out there. In this way, it is similar to BTC. Yet Hive is not the original.

3/ The same is true for Ethereum. It was forked numerous times yet nothing can rival it. The pick issue with that chain is the cost of transaction fees.

2/ Bitcoin made history by solving the double spend problem without a centralized entity. In spite of many forks, none were able to rival the original.

#threadstorm 1/🧵 Decentralization is something that is underappreciated at this point. We know most people do not care about this as evidenced by their flocking to social media and the banking system.

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4/ This means utility (or use case) is vital. HBD has a foundation going into place with the efforts in Sucre, VZ. This is something that could be duplicated elsewhere.

2/ The challenge is most believe that a currency gains its value from what is backing it. This is not the case. We have to understand what gives a currency value before we can design one.

#threadstorm 1/🧵 The Hive Backed Dollar Hive Backed Dollar] offers enormous potential for Hive. It can stand apart from the rest of crypto.

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5/ This is where cryptocurrency is going to step in. It is the new Eurodollar System.

4/ For the past 70 years this was responsible for global funding. Now we see hindrances to that system which means we are developing another one.

3/ Technology helped this to expand massively over the last century. The Eurodollar System is a ledger based monetary system that was built by the banks.

2/ Cryptocurrency is really nothing new. Essentially, it is ledger based, digital money. This is something that was around for centuries.

#threadstorm 1/ 🧵 This is why cryptocurrency cannot be stopped. It is the new Eurodollar System.

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5/ In this article we discuss what impact this will have on cryptocurrency.

4/ It is an advanced service over the present FedWire system which is slower and less efficient. FedNow will also be open during non-business hours.

3/ FedNow is an instant payment and settlement system that is going to use central bank reserves. These can only be accessed by those with master accounts.