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I have a little concern. It seems that since YTD Digibyte has been on a downward trend (just look at CMC graph or TradingView). Now this might not mean bad news but i would like to think how we can reverse this.
For one there has been a lot of bad blood between exchanges about its centralisations, questionable practices etc which i agree should be addressed, however why don't Digibyte Devs or team then make its own Crypto exchange that way trading or admin fees can be wavered using digibyte coins. I have no doubts this will improve the circulation of the coin and bring about a more unified front form this community and show better promise for its use in real world business as we would not need to rely on these "Power Controlled" Exchanges anymore.
I also read now that Digibyte Stablecoin is in the works or going to be released soon, what does this mean for Digibyte Coin itself? Will it slowly erode away making way for this new Stablecoin? Will devs or project team still be as committed to the Digibyte coin? Or will it falter in favour of this new coin? Is this the reason we are continually seeing a downwards trend on this Coin?
There are so many questions, I for one think we should rather focus on getting our own exchange before committing to a new Stable Coin as ultimately we will be heavily dependent on these Exchnages that we so much have come to criticize. Even if this StableCoin depends on your relationship with your bank, remember we live in a global world where bank regulations have different opinions on cryptos so I might live in a country that hates crypto so for me to get a StableCoin backed Digibyte with my bank will be difficult, however it is much easier for me to trade on Exchanges as then I have more freedom to do so which I think this goes for a lot of people around the world not just the select few in USA.
This is just my honest opinion and it is what I strongly feel.
Cheers!
