Many don't believe me. But if algo coins break, they kill the underlying asset.
I had on hive this discussion multiple times.
All the time someone comes with some weird ideas around the corner about why is not the case and why luna/ TerraUST is such an awesome thing.
It's a Ponzi and nice to make money.
But it kills the chain.
Terra Luna will never recover from this.
The chain is dead and the stablecoin will go to Zero.
Marketcap is now 250M USD.
Dai has the best (algo) stablecoin model and I say it for years.
2 Bullruns and massive Swings, it's still here. It's stable.
HBD is the same on scale BTW, mechanics don't make sense ( like the stabilizer proposal) on scale.
Only in crypto people become greedy enough after a 400x ( luna) not to think about taking profits.
Many people loss everything on that shit. Many people fall for the 20% promise of luna.
For Hive,
I can only say happy users are good users. Promote the 20% on hive with risk-free is the most retarded ever.
HBD loss peg multiple times and it's not stable. It's not dangerous big so hive can handle it. If HBD scales 10x from now, it would be to big.
At the end, the network ( stakeholders) pays the bill.
Sidenote: If someone use the terms "risk-free" and " guaranteed " run away and don't invest.