Today felt like one of those “crypto + comfort food” kind of days. 😄
Work was slow, the kind of slow where my brain starts wandering, so I did what I usually do during those boring times... I plugged in my earphones and went down the crypto rabbit hole again.
From Altcoin Hunting to Just Keeping It Simple
A few years ago, I used to spend my free time hunting for new tokens to flip. I’d scroll through listings, chase narratives, and try to jump in early just to earn a quick profit. Sometimes it worked, sometimes it didn’t, but it was a fun experience for me.
These days, I’m done with that phase.
Now I mostly focus on the “main ones”: BTC, ETH, and of course, Hive. Hive has become such a big part of my investing journey that even if the price is on a downtrend, I still feel like it has a future worth waiting for. It’s not just a chart to me anymore, it’s the place where I write, connect with people, and slowly grow over time.
That’s why when I see Hive struggling on the price side, it hurts a bit more than just “oh, my bag is down.” It also means the dollar value of creators’ posts is shrinking, and I know a lot of people depend on those payouts in different ways.
The Inflation Talk and the HBD APR Debate
Because of that, it’s not surprising that more and more people are asking why Hive’s price keeps sliding. Today I read a post that dug into the issue of inflation... how much new HIVE is entering the market through inflation, DHF funding, and HBD interest.
One of the big suggestions mentioned was cutting HBD savings APR from 15% down to 6%.
As expected, reactions were mixed. Some feel it’s necessary and overdue. Others think it’s way too drastic and kills one of Hive’s best “selling points.” And honestly, I can see both sides.
If you’re mainly focused on Hive Power, it’s easier to agree with the cut. At the end of the day, HP holders are the ones absorbing the cost of HBD interest. So from that angle, lowering APR feels like protecting the base asset and making inflation more manageable.
But if you’re someone who likes HBD staking for passive income, a drop from 15% to 6% is a pretty big mood killer. The risk of holding an on-chain stablecoin suddenly doesn’t feel as rewarding anymore, especially when there are other yield options out there.
The tricky part for me is… I’m interested in both.
- I like HP because I enjoy creating content, curating, and having more influence on the platform.
- I also like the idea of building a future HBD stash for passive income.
So when I imagine APR going down to 6%, I honestly feel less excited about HBD. It becomes more of a “maybe later” instead of “I really want to build this position now.”
I understand the logic behind trying to reduce inflation, but I also think we can’t rely on APR cuts alone to solve Hive’s problems. We still need better onboarding, smoother UX, stronger marketing, and more liquidity paths so people can actually get in and out of Hive easily. Those are the things that can attract fresh demand, not just shuffle existing value around.
Where My Head Is At
Right now, I’m not fully taking sides. I’m still processing everything.
Part of me agrees that we do need to look seriously at inflation and long-term sustainability. Another part of me feels that making HBD less attractive in a time when the whole market is already shaky might scare away people who were just starting to get interested in Hive’s stablecoin use case.
So I’m in this middle zone: still bullish on Hive overall, still here creating, but also a bit worried about how these changes might affect user behavior going forward.
If you have thoughts on this... especially if you’re more into the numbers side of things... I’d really like to hear your take in the comments.
Ending the Day With Steamed Chicken & Ice Cream
After a whole day of thinking about APR, inflation, and long-term tokenomics, I decided to treat myself a little.
Tonight’s dinner was a comforting bowl of steamed chicken with mushrooms, plus slices of Chinese sausage on top. The flavors were subtle but rich, the kind of dish that is simple but makes you happy with every bite. A simple bowl of rice on the side, and I was done... I felt like I finally rewarded myself after a mentally heavy day.
And because I clearly have no self-control when it comes to dessert, I capped it off with a cookies-and-cream ice cream cone. Nothing fancy, just one of those straightforward joys you eat while walking and trying not to let it melt all over your hand. 😂
Crypto, Hive, work, dinner… it’s all part of the same daily rhythm for me now. Some days the charts go down, some days debates get heated, but at the end of it, I’m still here... posting, learning as I go, and enjoying small treats along the way.
Let me know how you feel about the HBD APR topic too. Are you more on the HP side, the HBD side, or stuck in the middle like me?
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I don't have HBD staked, and I understand that there are risks involved in keeping rate at 15% if we have Hive price go even lower. But 6% doesn't make any sense. Right now in United States I can easily earn 4.5 to 6% with zero to almost no risk in traditional instruments like money market, CDs or Bonds. So why would anyone jump through hoops and pay the costs to bring USD into Hive blockchain stable coin to earn the same six percent?
Even with Revolut I get around 4% on USD which is paid daily and can be withdrawn at any moment. Then there's brokerages which pay around 4% - 5% on uninvested cash. Not to forget that places like Coinbase are a safer bet at similar yields. You're right that it would just make HBD and thus Hive a bit less attractive.
Though I doubt the yield here has made a big difference in bringing new people in to farm that yield. It really would just be people already on Hive that decide to cash it out and send that money elsewhere where the yield is similar and risk significantly reduced.
Factz!
!LADY !PIZZA
Totally agree… dropping to 6% makes HBD way less attractive.
Also, It can't compete to DeFi offering more than 10% (stablecoins) and with some equally risky assets offering 40-50% :(
I did way better putting the HBD I earned into bitcoin past 8 years and on average earned way better % anyway! On average.
don’t let anyone tell you there’s no risk in holding HBD long term, I like HBD but it is a artificial stabilizer keeping it pegged and that sells hive to do it. If Hive goes down % it has last 2 months , in the next year we’ll be at a nickel and it will possible cause issues with the peg. I’m not saying it’s certain but it is not risk free! People tend to assume whatever was case last couple years will continue. That’s just silly thinking! Again I’m a fan of HBD as a reward so we have diversification in our rewards but past that as some accounts hold 6 figures it’s ultra risky!
!LADY !PIZZA
As you mentioned, what makes HBD attractive is the high APR. If it is reduced to 6%, I am curious if HBD holders will start converting their HBD to HIVE.
Exactly… the big question is whether people will rotate back into HIVE or simply exit. The APR cut will definitely change user behavior, especially for those building long-term HBD positions.
If I was holding a significant chunk in HBD right now and my rate was cut from 15% to 6% I would simply exit and not rotate into Hive.
I have to agree with you because i don't see Hive bouncing back anytime soon. The HP curation reward may not be enough for you to break even 😢
If that will be the case, those who have influence must consider the consequences cautiously before making such a change.
Many will, some will also just move into bitcoin or other off chain assets. If won’t all go into Hive. Some will but a lot won’t as some accounts have parked way more in HBD then they would otherwise keep on chain in Hive especially current conditions. I think most people on here think it’s risk free, it’s not. Doesn’t mean a failure soon is certain but it’s so far from risk free!
!PIZZA !LADY
If HBD holders exit, that will add selling pressure on HIVE.
Well that 6% is still a lot more than what banks do give you as interest. I don't know the engines of Hive good enough to know what would be better. To keep it at 15% or lower it to 6%.
I don't think that this would matter a lot to the outside world. I don't think that a lot of people did come to Hive to have the 15% interest on HBD. So, I don't think that lowering that would decrease that selling point of Hive, if it is a selling point at all.
True, banks pay way less… but within crypto, 6% doesn’t stand out at all. That’s why I’m unsure if lowering it this much helps Hive long-term. The APR was one of the few unique pulls we had.
We have way more options than banks. There are much less risky things than HBD that pay more than banks.
!LADY !PIZZA
Maybe but is less what a Treasury Bond will give you, which is very basic nowadays. I would probably put it at 10% but even that is a bit low IMHO.
For me 10% seems like a more realistic middle ground…. Though not sure if investors will be enticed by it.
Same here. Hive is the only crypto thing I pay attention to now. I just don't care for the rest. Not a trader anymore, not some weird contract altcoin flipper either. Just not interested in that sort of gambling side of things. If Hive disappeared I think that'd be the end of my crypto journey. It doesn't feel the same anymore. Maybe I'd consider buying some some smaller ones for general speculation, but at that point I may as well just invest in something else like traditional stocks.
Regarding the inflation topic: I think the bigger problem is that we don't have anything that makes Hive or HBD really worth using. If we had some sort of services or something that made spending the two an option, which resulted in some or all of it getting burned, then we'd be addressing that inflation problem to some capacity. Unfortunately everything we do have instead just increases the inflation or when transacted just ends up in someone else's wallet that'll be dumped for profit. This is the upside to chains that do have network fees and use them to reduce supply by burning either the entirety or a portion of them.
Totally hear you… Hive is the only crypto that still feels “worth being in” for me too. And you’re right, without real utility sinks that burn or lock value, inflation will always be an issue. We need more use-cases, not just debates :(
I don’t understand that at all. I love Hive, but there’s many more secure and bull movers than our platform. We just collapsed 60% in the crypto bull market. We will be down a lot more next 18 months. Again I love Hive, but only crypto still worth it? I don’t see how that’s true at all. Just being honest.
!LADY !PIZZA
The steam chicken looks awesome bro! Must be really tasty too
Thanks! It was really good… simple but super satisfying 😄🍗
I had exactly your same reaction about the HBD APR and I think is a mistake, I have been super against the idea of even lowering it from 20% to 15% and the price of Hive was pretty up a few months back yet nobody was trying to get the 15% back up to 20%. That said, I do think that the way that the money is managed can use more structure and accountability.
My idea was to have a group that go into the DHF and keep watch of the current proposals and serve as a way to report a more structured and wholesome information on the projects. So whoever wants to participate and approve they know they should offer more data and not just have the community hoping they are getting their money.
For that also an emergency mechanism need to be coded to halt approved proposals and not print money into dead pits.
Yeah, I get you… structure + accountability in DHF would really help. The system needs tighter oversight too. These are all fair points to me.
It was impossible to keep higher!
You know how peg is kept right? Hive is sold and depressed to keep peg at about $1,00
It was not possible to keep at 20%!
!PIZZA !LADY
I really liked how you shared your honest thoughts about your crypto journey. It’s true that over time we start focusing more on the real value and community instead of just trading.
!LADY
!PIZZA
!ALIVE
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HBD original purpose made total sense . To give held the rewards in something linked to real world asset so the risk of volatility is reduced. The push past years to make HBD a widely used stable coin makes no sense. Many of Hive have lost plot. We need a reduction in DHF waste and we do need to reduce HBD APR ASAP! but I agree transition it to 10% first. Wait & than move lower if issue isn’t fixed. But the Stabilizer is crushing Hive and we will hit a real issue next 12 months if something isn’t done.
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I remember the whales telling us to goto Twitter and have a go at the people on Twitter saying the 20% was not sustainable and smacked of a ponzi ... Now these same people are saying we need to drop to 6%..
It is only taken until now for people to admit there is a problem.
I have no idea why you look on Hive as crypto, it is trending to zilch. It is great to connect with people here but as a crypto no there are so many others.