Thank you. In fact we sat and read it line for line. It did help describe Hive further. But I think he was asking more of the mechanics behind it. Like how can we be giving 20%. I know I have read posts on here before, but it was difficult to sift through everything to find what post I read it on before that describe it well. I know it is based on inflation of the Hive coin. But again, that is where my answer for him kinda stopped.
Oh that's challenging indeed. The HBD interest is based on the consensus of Hive witnesses. Majority of them voted upon it. I recall reading an article that said the 20% APR on HBD is sustainable but I can't remember who the author was.
Thank you. In fact we sat and read it line for line. It did help describe Hive further. But I think he was asking more of the mechanics behind it. Like how can we be giving 20%. I know I have read posts on here before, but it was difficult to sift through everything to find what post I read it on before that describe it well. I know it is based on inflation of the Hive coin. But again, that is where my answer for him kinda stopped.
Oh that's challenging indeed. The HBD interest is based on the consensus of Hive witnesses. Majority of them voted upon it. I recall reading an article that said the 20% APR on HBD is sustainable but I can't remember who the author was.
I was just reading this a while back:
https://leofinance.io/@crypto-guides/what-are-hive-backed-dollars-hbd
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Great way to answer questions.
Linking #leoglossary.
Thanks for doing that.
Pleasure. It's good to let others know about #leoglossary.