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RE: HBD is an Anchor on HIVE and Hive Engine
First, the value of HBD is derived from the price of HBD. It a derivative.
Yes. There are a few people who are making a huge passive income. But by paying 20% on a derivative, HIVE is repeating the fiascos of Enron, Mortgage Backed Securities and other financial fiascos.
The justification for this is that a few whales believe that it will improve HIVE's position on centralized exchanges.
This courtship of centralized exchanges creates dependencies that undermine HIVE's status as a decentralized exchange.
We are making strides towards the ecosystem building out more.
If this was true then we would have seen a huge influx of users. The data shows a steady decline of users.
We have seen a collapse of coins on Hive Engine. If you followed the transactions on Honey.Swap you would see that users stopped putting their HBD earnings in HE and put them in HBD savings. This accelerated the decline of the HE coins.
Which matters more to the long term success of HIVE: The success of HIVE-Engine or HIVE's inclusion in centralized exchanges?
Even if HIVE got better play on centralized exchanges, it will never be more than an also ran on the platform.
Some of the benefits not mentioned are the fact that this allowed more economic activity to bridge back and forth from the Binance Smart Chain through CubDefi.
I know that you don't mind being a cuckold, but I would prefer to see HIVE maintaining its independence than serving as a whipping boy for Binance, Bittrex or the other centralized exchanges.
Seriously, does Binance care more about BUSD, its own stablecoin, or its brief dalliance with HBD?
I would prefer to see HIVE establish itself as an alpha-blockchain than to see it devolve into some beta-blockchain that has to bend over and pay 20% on a stablecoin to get attention.
What you are saying about being a cuckold and various other stuff doesn't make sense ultimately.
Dogecoin is merge mined with Litecoin yet is holding a higher market cap than Litecoin. Was it a cuckold mutt puppy or is it becoming the top dog?
All roads lead to the DOGE.
Despite all these other chains being technologically superior growing the ecosystem is hard partially because of first mover advantage of some of these other chains and other various factors.
Binance provided a service that people like and also provided essentially Ethereum 2.0 way before ETH could actually make those steps. People like the Binance Smart Chain. The market has spoken.
HIVE has the best Web 3 implementation but because of community fracture with Steem, DTube, DLive, Appics, Blurt, Serey it makes it tough to have the proper momentum.
It needs more development and marketing.
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