Where’s the peg?

The last few days, Hive Backed Dollar has been trading way below the one USD peg. And that concerns me, if we want HBD and Hive to thrive, the peg to the dollar is really important. It shows that the mechanics aren’t working as they should be working. Which creates a huge dent in the confidence in HBD.

Cashing out now is disastrous

Imagine you had planned to cash out some of your heard earned Hive Backed Dollars around now. You really would be screwed pretty hard and lose almost 10 % of your dollars worth. Yesterday it was even more. That’s just sad, and it shows that the project is just not reliable enough at the moment. And by that we are losing potential new users. And that’s just such a shame. A good peg would create so much more interest in HBD and Hive!

Let’s hope these issues can get resolved quickly and the peg can be held correctly in the future.

Sincerely,

Pele23