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RE: HBD Interest Payouts For June 2022

in LeoFinance9 months ago

I don’t mind negative perspective at all. But you need to back your claims/opinions with some substance. You keep saying HBD will/might break. What makes you think that? Why should somewhere be worried about it?

Just a fluctuation in its price doesn’t say much. It is a traded asset and all traded assets and derivatives fluctuate in price.

There was a time when HBD peg didn’t work at all, then I could have agreed with you that it didn’t serve its purpose. Now it is a completely different. It holds USD peg impressively well. Sure I may have to wait a bit sometimes, but I can almost always get full USD value in return.

Tether and USD backed coins are different. They have or suppose to have USD backing 1-1. Even then you need to trust someone that they actually have the backing. But they aren’t algo stablecoins.

Among algo stablecoins attempts so far HBD seems to have come up with the best solution. As you said USD keeps losing value year over year. Having 20% apr on HBD can be a hedge against inflation for those who see value in USD equivalent.

Regardless what we may think about USD, the world still uses it and it is something familiar for most.

I too prefer to hold Hive instead, which I mainly do. But having some HBD doesn’t hurt either.

I guess it all depends on our investment strategies/plans. But none of this negate the fact that HBD actually working as designed.

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There’s so much I disagree with in ur comment, mainly the 20% isn’t safe at all, but let’s just agree to disagree: I refuse to trust any algorithm “stable coin “. Especially one being promoted as better that is not even stable at all. They won’t work long term is my take but smart people like us can obviously agree to disagree.
Regardless of difference of opinion I respect ya ✊
And we agree on Hive itself so cheers to Hive 🍻

For any others reading this and my critical comments⬇️
I care about Hive. If I didn’t I wouldn’t bother talking about what I see as a huge liability to Hive reputation itself when HBD blows. It’s simple math. One day people will see (again in my humble opinion) it but I guess not till it’s 2 late unfortunately. It’s all love and respect ✊

In meantime friends we all want Hive itself to grow and succeed so no need for drama over different opinion on HBD. Heck I remember somebody downvoted me for being critical in 2020 about HBD. So silly 🙃
We all want Hive to win 🙌
Again friends cheers to that! 🍻🍄🙌✊🎸