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RE: HBD Defenses: How HBD Is Different From UST

in LeoFinancelast month

Its good for me to read this article because I am putting so much faith in the HBD.

I am looking to fund my retirement and this article left me knowing that I need to learn more about what I am investing is.

If the price if HIVE keeps dropping and HBD stops being printed, what happens to our HBD that is in savings. Does it still grow?


Let's say that we reach mass adoption of HBD and merchants start receiving payment in HBD. If all merchants wanted to cash out their HBD daily, how limited would our economy be? 3.8 Million?

Or is 3.8 Million the cap of how much HBD we could buy if we wanted to?

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You should be cautious betting too much if any of your retirement on any sort of blockchain or blockchain asset or token. They're all experimental.

I agree.

I am gambling on the blockchain, but also diversifying in real life.

Being in the US, California specifically, things look very dire with the traditional model, so a little experimentation is necessary.


Thank you for pointing it out.

Before luna i read a dozens of tweets about "HBD is risk free"...

So I'm not the "bad guy" all the time :D

I think many of us understand that crypto is still wild and anything can happen.

Anyone who tells you any investment is risk free is just being silly - nothing is "risk free" even the money I invested in buying seeds for my garden is a "risk" investment.

HBD is not risk free. There are risks with it. It is, however, low risk.

The biggest risks are the blockchain stops along with the ending of the backing of HBD by HIVE. Obviously the second is being discussed and worked on. As for the first, each has to access on his/her own.

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DAI = king algo coin. Nothing comes close to it. HBD should become a DAI version

One thing I like about the haircut is that it tells people HBD is not risk free. You are being explicitly told that you are taking risk. If HIVE fails to hold enough value, there is no nonsense about how printing trillions of HIVE is going to save you.

Of course, you do need to understand what you're buying, and it isn't necessarily clearly explained all the time.

That's not the only risk, but once you have one explicit risk, it isn't claiming to be risk free.

Any real reason why not remove HBD and make a DAI out of it? DAO could easy pay in hive connected to $ value of hive.

I think this would scale better to some higher level

I'm not even sold on DAI being better in any useful way. For one thing, a lot of its collateral is USDC (used to be the majority, but less than that now). What's the point of that?

Until you show me a collateralized stablecoin with only on-chain assets as collateral demonstrating clear superiority l don't see the point in a major revamp. This has been done before, of course. DAI originally did that, but didn't perform that well, leading to the current situation. BitUSD was the first I think.


It would dilute ur hive holdings as ppl converted into hbd if the price got super low. However there are several fail safes in place prior to this happening. Worst case dilutions happen and HBD and hive trade together. when the token trades back above a dollar, hive and hbd will trade differently again.

The amount of things to at need to go wrong at the same time for this is 3 fail safes and a market crash so huge that it would dwarf any in history and would cost the attackers so much more money than the hassle and the value of the attack that it wouldn’t be worth it.

Then after all that the blockchain would still just recover and carry on, with a little dilution of hive tokens at worst.

Also if it was an attack the witnesses could take evasive manoeuvres if they saw huge amounts of hbd being converted to hive during the 3.5 day conversion period

I'm looking forward to seeing how you aim to fund your retirement, it's going to be exciting. Might even motivate me. God bless HBD.

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I am aiming to accumulate 1,000,000 HBD over 29 years using the magic of compound interest.

I then plan to live off that interest.

I understand that there will be inflation and other issues to deal with, but I see a road and I am following it until there is no other way.

When I did the math, I needed to start with 100 HBD and grow it by 50 HBD per month.

I started with over 700 to cushion me, and I need to earn 50 HBD more so I don't have to transfer any fiat in.

This does not include my HIVE Power or any of my other investments on the blockchain.

This is HBD in action and I hope to be an example.

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Remember that the 20% can be changed at any moment by the witness so it would be good to have a plan B

But this is a solid strategy in my opinion and similar to my own.

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Well, HBD is plan B.

Hive Power is Plan A.

Leofinance is sometimes plan C but sometimes plan B

Splinterlands is plan D,

Then there's spinvest and rising star.

The plan is set but we have to continually check in to make sure that things are still working as we hoped.

I will enjoy the 20% while it lasts.

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Yes, my plans are similar!

I think we wont regret it

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Yes it can be changed at any time. However, from the position we are standing in now, it would be crazy to alter that.

Plus we should get some time locked vaults in the next hard fork (not the upcoming one but the one after that).

If we do that, then we can have a lot of things open to us.

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Time locked vaults - like even bigger APR for HODling long term?

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Depends upon what the witnesses decide. Yes it will have to be larger than just having it in savings. Hard to tell how they would adjust that.

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Well in 29 years, it's absolutely possible. It feels really overwhelming when I think of it. Wow, what a goal. Good luck with it.

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Yes, with 20% you only need 50 HBD per month.

Very do-able here on the blockchain.

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Am actually going to bookmark this, it is an evergreen article to read and re-read.

We are onto a beauty story here!

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If the price if HIVE keeps dropping and HBD stops being printed, what happens to our HBD that is in savings. Does it still grow?


If all merchants wanted to cash out their HBD daily, how limited would our economy be? 3.8 Million?

Hard to say but it would have to be a lot more than that if you are claiming "mass adoption". To reach that point, HBD would have to be in the billions.

But we are a long way from that at this point. We have to build more of the foundation. It is being worked upon.

On focus has to be on accumulating more HP and having the stake grow there. Plus with some new application developments, we should be able to onboard some more people, requiring HP for RCs.

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So I'm trying to colonize mars while the people are still trying to land on the moon...

The numbers from your article seemed surprisingly small. Reminds me what a gamble it is - but at 20% interest rate, its a gamble worth taking.

By what I am understanding, if we want to grow the HBD the way it needs to grow, we might see some extremely magical things (like doubling, or splitting) happen in our wallets.

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