You probably heard from times to times, what does not kill you make you stronger. it sure does not mean you need to act vaguely financially thinking you will always prevail at the end. As long you know how much you make, you can plan how much you can spend monthly. We all know it as budget. Not a fun matter but it is important to see where you stand financially. With crypto we have the blockchain taking care of this part. No need for a third entity to check stuff since the smart application will do as promise.
As the months go by, hard fork helps to refine and make the application better. You probably read about this story from Australia. #crypto.com refunded a customer more than they suppose to. It took them more than 6 months to find the error. By the time the customer used the fun lavishly which is not wise since this is not their fund. #crypto.com had to sue to get the funds back. Now you can see the dilemma for a centralized system.
If they allow a blockchain to return the fun back according to what she had, there would be per se zero problem. As a new technology it causes headache for many. So far I have not witnessed any crypto blockchain acting up differently from what the #devs set it up for. This is why tests are important before deployment. There is a different in design of what it supposes to do and what it was forced to do in the long run.
I will not place when a token loses value the problem with the blockchain. it is vehemently an abuse to get more out of the token. I can say the same for algorithm #stablecoin. They should remain close to the dollar peg but this is not the case. Hopefully we have faith #HBD will continue to prove us right. The big blow we had with Terra stands to reiterate abuse and lack of oversight when you couple #stablecoin with another token to prop the value. So sad the test had to get done in the #mainnet instead of #testnet. At the end the blockchain did what it was design to do.
By the way we have a similar setup in #hive blockchain but the redundancy matters a lot since there is a time lapse when you have #HBD in saving and you want to exchange it afterwards. Great to see not long ago, #HBD value skyrocketed and within the day it has come back close to peg. Thanks to the effort of #hbdstabilizer working to maintain the peg. While check in balance is in place through the blockchain, it is a resolute matter to have trusted party in action to keep it going. After all blockchain does not fall from the sky.
With little to no regulation, crypto is pacing the way to keep itself open to the ones that can view its inner core. At the same speed crypto is standing at the center of the financial world to help where banks are slowly depleted. Crypto is about to go through one of its worst year. The marketcap is roaming around a trillion dollar. The bear is not sleeping. The bull is resting big time. Holding crypto is a matter of innovation, trust and having a future loaded with expectations where you are in charge.
How do you see #hive mounting a run these days?
#Hard Fork is around the corner, are you continuing to hold?
Layer twos are doing their work, keep on seeking.
Posted Using LeoFinance Beta
