RE: In reality, Bitcoin is not going up, it is the dollar that is going down.

I've been watching Sterling and the Euro strengthen against the US Dollar, all the time realising that all three are sinking it's just the Dollar sinking fastest.

America has fallen into exactly the same trap as the Roman Empire; producing money out of thin air devalues the money that existed before the inflation that creates.

But living in the UK, the problem it creates for me is that Dollar-pegged stablecoins are losing value very fast. This applies particularly to HBD; a certain percentage of the monthly interest is just covering dollar's crash. There could come a point where the decreasing value of the dollar accelerates past the ability of inflation to compensate.

I'd love to see Hive offering two stablecoins; HBD and another pegged to either a basket of cryptos, a basket of fiats including BRICS ones, or (even better) gold.

!BBH

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