Theorie Time.
Hive has price feed in USD.
What if USD, Euro, and friends are hyperinflated.
What if the minimum wage goes 100$ and spirals up?
What if a Big mac cost 250$?
All retarded? Yes, but there was hyperinflation before and I don't see politics and central banks are able to fix it in a long run.
The system becomes with more time more unstable. Like Luna ponzinomics.
Why? Because of unbacked spending from governments and the try to control the private business sector with stupid regulations.
A system collapse is without a huge crash not unlikely. If it crashed now it would be very painful but not the end.
prevent the crash meaning-making the bubble bigger to a systemic risk at some point.
Ok happens or not, move on...
In theory, hive would be worth & but also nothing at the same time because of hyperinflation.
The question would be how to price it? All cryptos would have the problem with the difference hive HBD printing and the cause of ultra volatile prices. 1000% swings would be possible.
IMO HBD would add a massive risk to hive for those times. because the mechanic would not work.
Maybe you say now " but if USD and Euro are worthless the world is over".
yeah. but thats retarded if hive should be web3, because web 3 should stay also if fiat crush.
I mean internet money would be the next step if the fiat system loss all trust from people.
Bitcoin would be to slow, all other currencies too.
Hive could today not onboard the mass and not handle trillions of transactions.
So what's the point?
All theoretical nature and long-term view. What are 10 years? blocksize could to that point 10x or more. Onboarding could be fixed.
Bitcoin will be unsustainable and slow to that point, but...
What with HBD and Hive?
