create account

Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect by taskmaster4450

View this thread on: hive.blog |  peakd.com |  ecency.com
hive-167922 · @taskmaster4450 ·
$37.68
Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect
<center>

[![](https://ipfs-3speak.b-cdn.net/ipfs/bafybeifjt3wiciyzcatrxg4o7lsyf3ohe3b5pwez234t2xauhithvs4w2a/)](https://3speak.tv/watch?v=taskmaster4450/jjvwszzj)

▶️ [Watch on 3Speak](https://3speak.tv/watch?v=taskmaster4450/jjvwszzj)

</center>

---

Stablecoins are the future.  The volatility of traditional fungible cryptocurrency make it lousy for merchants.

In this video I discuss how we need to focus upon the stability of these coins.  This is where the future of crypto payments resides.  With that, we can develop a system that enjoys the network effect that comes from billions of people.

---

▶️ [3Speak](https://3speak.tv/watch?v=taskmaster4450/jjvwszzj)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 416 others
👎  ,
properties (23)
authortaskmaster4450
permlinkjjvwszzj
categoryhive-167922
json_metadata"{"tags":["leofinance","stablecoins","cryptocurrency","hbd","archon","mancave"],"app":"3speak/0.3.0","type":"3speak/video","image":["https://ipfs-3speak.b-cdn.net/ipfs/bafybeifjt3wiciyzcatrxg4o7lsyf3ohe3b5pwez234t2xauhithvs4w2a"],"video":{"info":{"platform":"3speak","title":"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect","author":"taskmaster4450","permlink":"jjvwszzj","duration":898.011,"filesize":60964577,"file":"ipfs://bafybeibphts3vaaq5eskyc347csoqtx5nppzh2esvi7fipoqtd4vmf2hq4","lang":"en","firstUpload":false,"ipfs":null,"ipfsThumbnail":null,"video_v2":"ipfs://Qmaj4VjCuf5SJR8RYJ63VC4y2tn1RXa2yHCdq3fHcQzZgX/manifest.m3u8","sourceMap":[{"type":"video","url":"ipfs://Qmaj4VjCuf5SJR8RYJ63VC4y2tn1RXa2yHCdq3fHcQzZgX/manifest.m3u8","format":"m3u8"},{"type":"thumbnail","url":"ipfs://bafybeifjt3wiciyzcatrxg4o7lsyf3ohe3b5pwez234t2xauhithvs4w2a"}]},"content":{"description":"Stablecoins are the future. The volatility of traditional fungible cryptocurrency make it lousy for merchants.\r\n\r\nIn this video I discuss how we need to focus upon the stability of these coins. This is where the future of crypto payments resides. With that, we can develop a system that enjoys the network effect that comes from billions of people.","tags":["leofinance","stablecoins","cryptocurrency","hbd","archon","mancave"]}}}"
created2022-10-05 21:49:03
last_update2022-10-05 21:49:03
depth0
children14
last_payout2022-10-12 21:49:03
cashout_time1969-12-31 23:59:59
total_payout_value17.796 HBD
curator_payout_value19.879 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length675
author_reputation6,725,085,976,452,440
root_title"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect"
beneficiaries
0.
accountsagarkothari88
weight100
1.
accountspk.beneficiary
weight900
2.
accountthreespeakleader
weight100
max_accepted_payout100,000.000 HBD
percent_hbd10,000
post_id117,219,964
net_rshares58,782,297,976,565
author_curate_reward""
vote details (482)
@ai-summaries · 
**Short Summary:**
In this video, Task discusses the potential of stablecoins to become a crucial component of the future digital economy due to their stability and familiarity. He highlights the importance of regulatory compliance and network effects in determining the success of stablecoins. Additionally, Task delves into the evolving digital world, mentioning the possible integration of virtual realms, AI, and the need for a significant expansion in the money supply. Task emphasizes the necessity of stablecoins in reducing volatility in transactions and foresees a widespread adoption of cryptocurrency in the near future.

**Detailed Article:**
The video centers around Task's analysis of stablecoins and their pivotal role in the mainstream adoption of cryptocurrency in the emerging digital economy. Task refrains from predicting specific winners among stablecoins like Tether, USDC, and HBD due to the numerous variables influencing their success. However, he expresses optimism about HBD, especially if the Hive community continues to develop effectively.

Task highlights the significance of algorithmic stablecoins, particularly those backed by assets like Hive, in providing stability and value. He stresses the importance of regulatory compliance, noting USDC's advantage in this aspect due to Circle's demonstrated commitment to adherence. Task critiques Tether's uncertain stance on compliance while pointing out the potential success of BUSD given Binance's establishment as a platform default stablecoin.

Moreover, he discusses the exponential growth of the digital economy, emphasizing the need for tens of trillions of stablecoins to facilitate transactions in virtual realms like the metaverse. Task underscores the necessity of stablecoins' stability in contrast to the volatile nature of other cryptocurrencies like Bitcoin, mentioning transaction delays and potential loss factors that hinder wide-scale adoption for daily transactions.

Task also touches on the network effect's pivotal role in the adoption of stablecoins, especially as the digital population expands globally. He envisions stability in the digital economy through the growth of stablecoins, anticipating a shift towards cryptocurrency usage by the majority of internet users in the future. Task predicts a move towards digital integration in commerce, necessitating the reliance on stablecoins to mitigate volatility risks associated with traditional cryptocurrencies like Bitcoin.

In conclusion, Task expresses his enthusiasm for the potential of stablecoins, particularly mentioning Hive and HBD, to revolutionize the digital economy. He emphasizes the crucial role stablecoins will play in reducing transaction volatility and facilitating widespread adoption of cryptocurrencies in various digital transactions and virtual realms. Task's comprehensive analysis provides valuable insights into the future landscape of stablecoins and their pivotal role in shaping the digital economy.

---

*Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.*
properties (22)
authorai-summaries
permlinkre-jjvwszzj-20240403t164416z
categoryhive-167922
json_metadata"{"app": "beem/0.24.26"}"
created2024-04-03 16:44:15
last_update2024-04-03 16:44:15
depth1
children0
last_payout2024-04-10 16:44:15
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_length3,163
author_reputation-2,906,140,699,616
root_title"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect"
beneficiaries[]
max_accepted_payout0.000 HBD
percent_hbd10,000
post_id132,570,856
net_rshares0
@cryptogee ·
$0.09
HBD is trading at $0.86 on bittrex and even lower on Blocktrades. Doesn't sound very stable to me.

*Cg*
👍  , ,
properties (23)
authorcryptogee
permlinkrjb022
categoryhive-167922
json_metadata{"app":"hiveblog/0.1"}
created2022-10-05 23:32:33
last_update2022-10-05 23:32:33
depth1
children5
last_payout2022-10-12 23:32:33
cashout_time1969-12-31 23:59:59
total_payout_value0.043 HBD
curator_payout_value0.042 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length104
author_reputation419,387,439,147,428
root_title"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id117,221,942
net_rshares128,706,223,178
author_curate_reward""
vote details (3)
@forexbrokr ·
RE: RE: Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect
Now check the HBD price on the internal market and the bHBD price on Pancake.

Looks pretty stable to me ;)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@forexbrokr/re-cryptogee-51gvfb)
properties (22)
authorforexbrokr
permlinkre-cryptogee-51gvfb
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@forexbrokr/re-cryptogee-51gvfb"}
created2022-10-06 12:52:03
last_update2022-10-06 12:52:03
depth2
children2
last_payout2022-10-13 12:52:03
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_length205
author_reputation423,195,922,794,381
root_title"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id117,235,879
net_rshares0
@cryptogee · 
The internal market is worthless if when I then go to convert my sold HBD I get less than $1.

I shouldn't have to learn about bHBD and Pancake, I have no idea what those two things are. All I know is when I try and sell Tether or USDC I can do so for one dollar, the same price I bought it for. I cannot do that with HBD, you guys can carry on deluding yourself and circlejerking your way to oblivion, but don't expect me to be a sheep just because I want votes. I'll tell it like it is, HBD is not and never will be a stable coin, so leave it the fuck alone and allow it to go up as much as it wants.

Check out this [list](https://coinmarketcap.com/view/stablecoin/) of actual stable coins (though there are a couple of imposters on there)

What do you notice? Have you sprained your wrist from scrolling to find HBD on the list? :)

*Cg*
properties (22)
authorcryptogee
permlinkrjml1c
categoryhive-167922
json_metadata{"links":["https://coinmarketcap.com/view/stablecoin/"],"app":"hiveblog/0.1"}
created2022-10-12 05:39:12
last_update2022-10-12 05:39:12
depth3
children1
last_payout2022-10-19 05:39:12
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_length841
author_reputation419,387,439,147,428
root_title"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id117,401,864
net_rshares0
@taskmaster4450le ·
RE: RE: Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect
What is the volume on Bittrex?  Can Hive wallets even be accessed on there?

As @forexbrokr pointed out, HBD is showing a lot more stability on the DeFi applications.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-cryptogee-3pc8ww)
👍  ,
properties (23)
authortaskmaster4450le
permlinkre-cryptogee-3pc8ww
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@taskmaster4450le/re-cryptogee-3pc8ww"}
created2022-10-06 14:47:30
last_update2022-10-06 14:47:30
depth2
children1
last_payout2022-10-13 14:47:30
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_length270
author_reputation2,199,044,850,284,936
root_title"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id117,238,343
net_rshares19,631,547,386
author_curate_reward""
vote details (2)
@cryptogee · 
It's a low volume (but regardless of volume the other real stable coins are still $1) and of course you can access wallets there, which is why my HBD is sitting on that exchange.

Don't know anything about the DeFi apps, but again, if HBD was a real stable coin, I'd be able to sell it for $1 on all apps.

*Cg*
properties (22)
authorcryptogee
permlinkrjd9p8
categoryhive-167922
json_metadata{"app":"hiveblog/0.1"}
created2022-10-07 04:56:00
last_update2022-10-07 04:56:00
depth3
children0
last_payout2022-10-14 04:56:00
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_length311
author_reputation419,387,439,147,428
root_title"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id117,255,882
net_rshares0
@jfang003 ·
$0.08
RE: Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect
I think there needs to be a lot more HBD before HBD can really take place. I wonder if there is any stablecoin that will be backed by a token but will have enough liquidity to transact in. Then again, who knows how much HBD will be there in a decade.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-taskmaster4450-7y1xqf)
👍  ,
properties (23)
authorjfang003
permlinkre-taskmaster4450-7y1xqf
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@jfang003/re-taskmaster4450-7y1xqf"}
created2022-10-06 07:03:54
last_update2022-10-06 07:03:54
depth1
children1
last_payout2022-10-13 07:03:54
cashout_time1969-12-31 23:59:59
total_payout_value0.041 HBD
curator_payout_value0.041 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length351
author_reputation649,110,216,871,737
root_title"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id117,229,270
net_rshares125,922,082,132
author_curate_reward""
vote details (2)
@taskmaster4450le ·
RE: RE: Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect
The difference is that $HIVE can be converted to create HBD.  Right now, there is no incentive to do that since the use cases are still rather limited.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-jfang003-7enhtq)
properties (22)
authortaskmaster4450le
permlinkre-jfang003-7enhtq
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@taskmaster4450le/re-jfang003-7enhtq"}
created2022-10-06 14:48:09
last_update2022-10-06 14:48:09
depth2
children0
last_payout2022-10-13 14:48:09
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_length254
author_reputation2,199,044,850,284,936
root_title"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id117,238,359
net_rshares0
@pixresteemer · 
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 126 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-125-and-start-week-126) just started...you can now check the winners of the previous week!</center><center>!PIZZA</center><center><sub>6</sub></center>
properties (22)
authorpixresteemer
permlink20221005t220611548z
categoryhive-167922
json_metadata{"tags":["archon","pixresteemer"],"app":"pixresteemer"}
created2022-10-05 22:06:12
last_update2022-10-05 22:06:12
depth1
children0
last_payout2022-10-12 22:06:12
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_length468
author_reputation121,321,252,204,950
root_title"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id117,220,377
net_rshares0
@poshtoken · 
https://twitter.com/RuelChavez5/status/1577827794062409729
<sub> The rewards earned on this comment will go directly to the people( @rzc24-nftbbg ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
properties (22)
authorposhtoken
permlinkre-taskmaster4450-jjvwszzj12248
categoryhive-167922
json_metadata"{"app":"Poshtoken 0.0.1","payoutToUser":["rzc24-nftbbg"]}"
created2022-10-06 01:11:57
last_update2022-10-06 01:11:57
depth1
children0
last_payout2022-10-13 01:11:57
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_length263
author_reputation5,676,754,441,857,744
root_title"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect"
beneficiaries
0.
accountreward.app
weight10,000
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id117,223,866
net_rshares0
@woodathegsd ·
$0.08
Once again you have extremely honest and knowledgeable answers to this entire situation. And absolutely stable coins are going to be absolutely needed for Market transactions.

A lot of the fees are going to have to be microscaled for a lot of people to really start using all this technology in day to day transactions.
👍  , , , , , , , , , , , , , ,
properties (23)
authorwoodathegsd
permlinkre-taskmaster4450-2022105t14553583z
categoryhive-167922
json_metadata{"tags":["hive-167922","leofinance","stablecoins","cryptocurrency","hbd","archon","mancave"],"app":"ecency/3.0.34-mobile","format":"markdown+html"}
created2022-10-05 21:55:03
last_update2022-10-05 21:55:03
depth1
children2
last_payout2022-10-12 21:55:03
cashout_time1969-12-31 23:59:59
total_payout_value0.042 HBD
curator_payout_value0.042 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length320
author_reputation8,410,290,101,774
root_title"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id117,220,111
net_rshares126,131,046,885
author_curate_reward""
vote details (15)
@taskmaster4450le ·
RE: RE: Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect
We still have a lot of work ahead of us.  However, there is a great number of people looking at making it reality.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-woodathegsd-6tmbdj)
properties (22)
authortaskmaster4450le
permlinkre-woodathegsd-6tmbdj
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@taskmaster4450le/re-woodathegsd-6tmbdj"}
created2022-10-06 14:46:39
last_update2022-10-06 14:46:39
depth2
children1
last_payout2022-10-13 14:46:39
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_length220
author_reputation2,199,044,850,284,936
root_title"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id117,238,319
net_rshares0
@woodathegsd · 
I absolutely agree the future is looking very bright for us
properties (22)
authorwoodathegsd
permlinkre-taskmaster4450le-2022106t75455139z
categoryhive-167922
json_metadata{"tags":["leofinance"],"app":"ecency/3.0.34-mobile","format":"markdown+html"}
created2022-10-06 14:54:54
last_update2022-10-06 14:54:54
depth3
children0
last_payout2022-10-13 14:54:54
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_length59
author_reputation8,410,290,101,774
root_title"Stablecoins Like HBD Will Enjoy The Epitome Of The Network Effect"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id117,238,547
net_rshares0
Help/Feedback