Am I alone in thinking that HAV’s reliance on greed is brilliant? I’m pretty new to the idea of investing in cryptos and even newer in investing in ICOs but I’ve got a little faith in this one despite some of the skepticism and it really all boils down to greed. Not just my greed but everyone's greed.
What I love about this community is that there is so much knowledge of cryptos but no one has taken the time to research other currencies and how they work. Just to quickly break down Smithian economics (Adam Smith wrote “Wealth of Nations” back in 1776), the idea of the invisible hand is what stabilizes price. Basically, individual actors, acting out of self-interest, stabilize markets. This stability is what is missing from the crypto space. We need a stablecoin that can give cryptos an actual store of value. If you can’t pay an employee in crypto and you can’t buy groceries with it either, eventually the train stops I think that Tether fucked up by tying itself to the USD. Currency pegging is exactly what destroyed Greece’s, Spain’s, Italy’s, and Portugal’s economies. What makes fiat functional is its ability to shift independently of another currency. Tether really dropped the ball there.
Other coins rely on heavy mathematical solutions that are honestly above my head (which is crazy since I majored in economics and wrote my senior thesis on currencies within the Euro-zone). The more steps that are put into these networks the more opportunity exists for something to fail. Apparently the idea of Ockham’s razor or Murphy's law hasn’t hit the crypto world. Basically I’m wondering what you guys think about HVV because it’s my favorite of the stablecoin networks (so far). It’s reliance on pessimistic greed is what appeals to me. Of course HAV holders are going to stabilize nomins, THAT’S HOW THEY MAKE THE MOST MONEY. Here are my questions though. 1. With the market cap sold during presale how do you think the price of HAV will be affected by the small supply? 2. Does anyone see something I’m missing in this system that would bring you any doubts? 3. Do you think that with a stabilized coin we might, in time, see cryptos become more mainstream (Because, isn’t that the point?)?
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