create account

Algorithm Stablecoins - Building The Unstoppable Economy by badbitch

View this thread on: hive.blogpeakd.comecency.com
· @badbitch · (edited)
$62.46
Algorithm Stablecoins - Building The Unstoppable Economy
<div class="text-justify">

https://uploads-ssl.webflow.com/6063626728ce7dfd0c61a317/60e5cf514b9a1fd8499abf79_Hodlnaut-Resources-Stablecoins.jpg
<sup>[Source](https://uploads-ssl.webflow.com/6063626728ce7dfd0c61a317/60e5cf514b9a1fd8499abf79_Hodlnaut-Resources-Stablecoins.jpg)</sup>

The government probably didn't take it seriously when we preach that the crypto industry is **ever expanding** so then, it seamlessly develops, building solutions around real world problems. The battle of Stablecoins started off months back when the SEC began giving much attention to **Fiat backed** Stablecoins and there, the industry knew they were definitely plotting, which was of no good intentions… 

**Algorithm Stablecoins - the nightmare the government never expected**

Collateralized Stablecoins are prey to governmental control, considering the idea of being backed by Fiat currencies, this gives room for watchdogs to want an oversight on its reserves and full time operations, meaning the network could result in user identity leaks and all sorts of centralized attacks… 

That said, the cryptocurrency economy around algorithm Stablecoins is just one force, likely to be unstoppable. When you look at an economy with maybe **bitcoin** as the reserve currency, with every other crypto asset being priced/traded against BTC, it opens up room to abolish the USD peg. That said, additionally, with algorithm Stablecoins, the need for Fiat backed Stablecoins becomes extinct, being backed by any other cryptocurrency, with its stability being managed through a smart contract that prints and burns tokens based on trading price, the great idea behind decentralized autonomous operation becomes a success… 



**Decentralizing Banking with crypto**

With algorithm Stablecoins already in place, banking becomes more effective in the cryptoverse. Judging from the market demands of sustainability and security, this solution makes the ecosystem more enticing. I believe we're bound to see more inflow of money in coming times, because looking around, crypto is literally drilling into different sectors and building solutions around it. The ever expanding economy will prove sustainable with this mechanism currently non-existing in the fiat economy, the government will watch it happen right before their eyes, and everyone expecting to see it crack down on the industry would likely witness it FOMO in on infrastructures that places it in some sort of crypto friendly zone. 

</diva>

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@badbitch/algorithm-stablecoins-building-the-unstoppable-economy)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 163 others
properties (23)
authorbadbitch
permlinkalgorithm-stablecoins-building-the-unstoppable-economy
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["algorithmstablecoins","deepdives","proofofbrain","neoxian","vyb","ctp","cent","blogtoken","broadhive","leofinance"],"canonical_url":"https://leofinance.io/@badbitch/algorithm-stablecoins-building-the-unstoppable-economy","links":["https://uploads-ssl.webflow.com/6063626728ce7dfd0c61a317/60e5cf514b9a1fd8499abf79_Hodlnaut-Resources-Stablecoins.jpg"],"image":["https://uploads-ssl.webflow.com/6063626728ce7dfd0c61a317/60e5cf514b9a1fd8499abf79_Hodlnaut-Resources-Stablecoins.jpg"],"users":["badbitch"]}
created2022-01-07 19:39:36
last_update2022-01-07 19:46:33
depth0
children2
last_payout2022-01-14 19:39:36
cashout_time1969-12-31 23:59:59
total_payout_value31.306 HBD
curator_payout_value31.158 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,609
author_reputation336,596,844,105,377
root_title"Algorithm Stablecoins - Building The Unstoppable Economy "
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id109,258,954
net_rshares37,007,895,348,647
author_curate_reward""
vote details (227)
@marvinix ·
$0.30
The stable coin algorithm is definitely going to be a game changer for everyone in the crypto verse. 

The way HBD is backed by hive is a very ideal tern to illustrate how the power and potential of stable coin will increase in the future. 

It becomes very exciting to watch when you think about it, knowing the government and regulators are just fighting a battle they already lost. 

I hear about some entities who blocked peoples account worth over $1 million. That's very sad to hear and the annoying part is that they made it public that they work with government and law enforcement agency.

Can't wait for HBD useo finally be the talk of the town in the future , alot is going on and Stability is going to be a big deal in this space.

Great blog. Hope you're having a great day over there     

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@marvinix/re-badbitch-2acqbx)
👍  
properties (23)
authormarvinix
permlinkre-badbitch-2acqbx
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@marvinix/re-badbitch-2acqbx"}
created2022-01-07 20:39:54
last_update2022-01-07 20:39:54
depth1
children0
last_payout2022-01-14 20:39:54
cashout_time1969-12-31 23:59:59
total_payout_value0.150 HBD
curator_payout_value0.150 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length897
author_reputation14,347,145,495,342
root_title"Algorithm Stablecoins - Building The Unstoppable Economy "
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id109,260,254
net_rshares178,787,306,055
author_curate_reward""
vote details (1)
@taskmaster4450le ·
Just keep developing around them.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-badbitch-tcp4c)
properties (22)
authortaskmaster4450le
permlinkre-badbitch-tcp4c
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@taskmaster4450le/re-badbitch-tcp4c"}
created2022-01-07 21:18:06
last_update2022-01-07 21:18:06
depth1
children0
last_payout2022-01-14 21:18:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length135
author_reputation2,179,665,662,720,815
root_title"Algorithm Stablecoins - Building The Unstoppable Economy "
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id109,261,176
net_rshares0