And that is exactly what is worrying me about pHive, pSPS, pHBD, with huge APR % it looks too good to be true, how is those APR's even funded.
Normally when one use a bank they borrow money out at an higher rate than what they pay as interest, the model is easy to understand. I must say I don't understand the "p" concept.
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Ignore what you learned from the banking system. That is like trying to understand how money operated under the single-entry accounting system the ancient Mesopotamians used.
Or life without ledger technology.
What happens is a transformation in our monetary and economic is underway in ways few can envision.
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That is for sure!!
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