RE: The Rise of Dark Stablecoins Like HBD
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I don’t see it personally. We already have crypto’s for “dark” markets. In definition to be a “dark” stacks coin it isn’t backed by the said asset thus bringing in other issues like trusting a protocol to keep it stable. Dark markets will stick to multiple cryptos, not stable coins. Is there any example of dark stables growing? Just my opinion seems like hype. I love HBD & all, but mass adoption separate from Hive community seems like a dream. People would rather not trust an artificial protocol and prefer to use a crypto like bitcoin or Monro or what not.
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I didnt make the case that HBD would be the only one. There are a lot of others that will fall in this category as gov'ts take greater control of the existing crypto market through regulation.
As for the other dark crypto, they fail as a medium of exchange. There is no way around it. Price stability is crucial. So is distribution.