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RE: The Sustainability Of HBD 20% Interest

in LeoFinance2 years ago

I don’t think the issue is really the growth of the supply as long as it is backed but the value generation. The issue is the sustainability of a 20% interest

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Of course it is the value generation. That is what I said about the Hive economy. As more value is built on Hive, it makes the entire ecosystem more resilient.

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 2 years ago  Reveal Comment

This blockchain's currency is HIVE, not HBD. That is where the value generation resides.

That is only partially true. Both are base layer coins. The problem with $HIVE is that, like most cryptocurrency, it is a poor medium of exchange due to the volatility. As a store of value, it doesnt hold up.

A peg currency like HBD offers a better medium of exchange. Commercially applications are not going to accept a currency as payment or short term collateral that can swing 10%-15% overnight.

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 2 years ago  Reveal Comment