My comparison was to the S&P 500 index fund.
You've yet to explain how the overhead cost selling a stock is different than the overhead cost of selling crypto. If we take what you say at face value then it's no different for any other asset that makes 15%. There's friction everywhere.
The point is that a stablecoin paying yield is better than a volatile asset going up the same amount on average. It's not an arguable point. It's a fact. A mathematical fact. Stability and predictability are better. The economy has proven this for thousands of years. A year can go by and you can be down 30% on the S&P even though on average it goes up 15%. Anyone who was depending on having 15% more gets totally screwed over when that happens. It does not happen with HBD.
The deal that HBD is offering is better than all bonds and arguably better than most stocks, especially for non-gamblers. To claim that this is "okayish" because crypto degens expect insane returns is unreasonable.
No, it isn't. Just because you only know about US financial vehicles and know nothing about outside of it. Doesn't validate your argument. There are much better financial vehicles than HBD, with close to similar risk profiles.
Past performance isn't an indication of future performance yadda yadda, tell me what happens to HBD if Hive crashes pretty badly and in dire straits so much so that HBD depegs?
What if I was depending on getting 20% but witnesses decrease the APR to 15% at a moment's notice? Or if they do as you implied and "rug-pull" the APR?
Tell me how in a scenario where I decided to put 100K USD into HDB, and witnesses deciding to "rug pull" the APR, HBD is more stable and predictable? And also comes with a guaranteed loss of some amount from the principal.
Systemic risk is not a variable in this discussion.
Again, every asset has systemic risk it's not relevant to the conversation.
Unserious statement lacking a single example.
I have to assume the example doesn't exist because it would be easy to pick apart.
Then you haven't lost anything and can act accordingly.
Trying to compare this to losing money in the stock market is inappropriate.
Again, you didn't lose anything in this scenario.
I shouldn't have to explain it you should just know.
In fact I think you do know you're just trolling me.
Which is fair play but whatever.
You've gone off the rails at this point.
SP500 going down is an inherent systemic risk you brought into the discussion. Hive's value can change like a stock which indirectly creates the same risk for HBD.
I have lost at minimum 5% from the principal. Changing of the APR will change the whole timeline of when I can actually expect a return.
Turkish money market funds, Turkish forex funds. Inherent risks to these are not that much higher than HBD's risks.
Again I have lost at minimum 5% from my principal. PRINCIPAL is in USD not HBD. To get HBD a) I have to buy it B) I have to convert Hive to HBD which comes with a 5% fee. 100K USD worth of Hive converted = 95K HBD. If witnesses decides "rug pull" the APR at this moment as you put it, I would lose at least 5K USD.