we will always have a catalyst point to destabilize an algo coin.
IMO an impossible to solve the problem if not "real fiat" or "USD pegged stablecoins" come into place.
But for this, it would need semi-active management, and with this, it creates a risk itself.
Another way would be ultra utility for Hive. But that fails for years. to make an algo coin valuable we need to the underlining asset an insane natural demand.
Maybe Hive Dex with smart contracts "close to free deposit and withdrawals with close to every cryptocurrency" with open API and dozens of front ends?
With some super smart way, front ends can earn and expand?
But bear would also lower trading activity and destabilize.
Social will never pay the amount for natural demand if the system not improve massively.
I think social + stable coin + scaling are itself a problem.
Another way would be advertisements decentral for hive paid in HBD, there would be always demand, but also difficult to solve.
With the difference, HBD would have an economic sense.
But looking all above, every point itself is big industry.
RE: HBD Defenses: How HBD Is Different From UST