The results came through last night. The consensus Witnesses voted to increase the interest on HBD that is placed into savings. It was 12% and was increased to 20%. This is a very aggressive rate for a stablecoin.
We see a lot of excitement over this and for good reason. HBD is being positioned to really have a major impact upon the Hive ecosystem. This is another step in what, hopefully, will be a string of actions that take place, all putting HBD at the forefront of the stablecoin market.
With this recent move, many are worried that the attractiveness of the ROI will mean that a lot will sell their Hive Power and rush into HBD.
While there might be some who do that, it is not likely to be very many.
In this article we will detail how things work and why this might actually drive more people to power up HIVE.
Before going any further, there is no doubt that we need to consider ways to incentivize staking HIVE. This will be the topic of another article.
Hive Power Is Gas
This is probably one of the most overlooked, and unique, features regarding Hive Power. It essentially acts as the "gas" for the blockchain. If one is interested in engaging, he or she must have Hive Power. There is simply no way around it.
With the next hard fork, we are going to see the ability to delegate Resource Credits. This will do a lot to put idle RCs to use. It will allow the applications to delegate the ability to operate on-chain.
However, the bottom line is someone still has to have that HIVE powered up. Whether it is an application or individual, Resource Credits come from Hive Power.
Therefore, if the shift to 20% is attractive to many outside investors, they are going to require a Hive account. Along with that, to conduct transactions means some Hive Power has to exist somewhere. At this level, obviously not a lot is required. However, if the project becomes highly successful, it could mean a lot of accounts.
HBD Is Not Speculation
We discussed the transition away from speculation to fixed income. This is where Hive can position itself very well. HBD paying 20% in savings is a fantastic start in this area.
That said, just like not all are cut out for speculation, the reverse is also true. Some people enjoy the game of buying and watching something run up in price. The idea behind a stablecoin is aimed at the opposite.
This move by the Witnesses have many believing the future of Hive just got a lot brighter. For this reason, it stands that the native token (HIVE) should appreciate in price if activity grows. Therefore, selling all of one's HIVE for HBD means this opportunity is missed.
Of course, many people will take a blended approach. Few put all their money in Tesla or Amazon in spite of their outstanding returns the last few years. Yes a portion does find the high flyers but other types of investments receive funding.
The same is true with Hive. Many will load up on HBD while also having Hive Power in their account.
Governance
Here is a big one. Do you want influence on the Hive blockchain? Then the only answer is to have Hive Power. HIVE is also the governance token.
With it, we determine the fate of Witnesses, proposals, and help to direct the reward pool. All of these are features of having Hive Power.
Does anyone foresee the larger accounts powering down a huge part of their HP holdings to garner 20%. While it is an outstanding return, this is not likely the largest payoff in the end. Again, there are so many different characteristics related to Hive Power that we have to step back to understand all that it does.
Of course, many of the larger accounts believe in the future of Hive. For that reason, they, I am sure, will see the potential for massive price appreciation.
20% is a wonderful return on a fixed income investment. Nevertheless, it does not compare to the 5x or 10x that HIVE can do if things really start clicking.
Those who are serious about the future of Hive understand the importance of governance. It is vital to have people involved who are dedicated to the future of this ecosystem. The Witnesses are the ones who drive the chain. Here we see people who are technical in nature. At the same time, we need to put people in place who are concentrating on growth and the appeal outside the system.
Hive Power is still a very important component to the functioning of Hive. It is a mistake, especially for smaller account, to take all their HP and switch it to HBD. They are two different types of investments. Having a voice in what takes place is essential.
It is imperative that Hive has a lot of smaller accounts looking to double or triple their HP in a year. When one has under 1,000 HP, that is possible.
People Will Not Abandon Hive Power
The bottom line is the benefits of holding Hive Power are still in place. Certainly we should look at ways to make powering up HIVE even more appealing. That said, it seems few are going to move all their assets from HP to HBD.
When people look at it from purely a ROI perspective, then we could see that behavior. That is not the majority of the Hive ecosystem. Many are dedicated and emotionally invested in seeing us succeed. Earning a few percent on one's money isn't the most important factor.
Should people put money into HBD? This is not financial advice but certainly it is a great return. Therefore, putting liquid capital in there is a great idea. However, we all know Hive offers so much more than just a ROI.
Those who are thinking long term understand there is so much here. After all, was HP the best return on Hive over the last couple years? Perhaps money might have been better off in Splinterlands as opposed to Hive Power. Yet, in spite of that, there was still plenty of money locked up in HP.
I have a feeling that many will be surprised. This move by the Witnesses might, over the long term, actually push people to stake more HIVE. It could have the exact opposite effect of what many believe.
That said, it is great to have options. And HBD placed in savings just became a more attractive option.
If you found this article informative, please give an upvote and rehive.
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Not only is Hive Power: Gas,
But also that Gas is yield farmed as a separate resource.
This is something people grossly underestimate,
Because we've never run out of gas before.
This is going to have huge ramifications when the network hits a scaling wall. Everyone with a lot of HP will be safe from the high gas cost but everyone else will be looking for more.
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All good points. We are getting a glimpse of things with how tight the accounts are.
It will be interesting how things are when there are a lot more people vying for what is offered here.
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but the 20% is not guaranteed. High as it seems its still annual, and just like it jumped from 12% to 20%, there is no mechanism that ensures it won't be reduced to 0% if required by the deciders. Also Hive is traded while hbd is not traded. So in the end of the day there are major risks keeping too much hbd.
Yes the interest rate can be dropped, just like in any area. Unless there is a time locked feature added where the rate is guaranteed, then it could change.
But then the price of Hive changes also. Over the last 3 days, one would be better off in HBD than HIVE if looking solely at the price.
It is true there needs to be more liquidity pools for HBD. That is being worked on.
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You are right and taskmaster already replied the reason and face behind it. I think holding HBD will bring more profit than before. I'm not yet sure and confuse to take any decision.
I can speak only for myself. I will certainly not power down any Hive in the near future. I will even power up Hive. I have some plans, including buying Splinterlands cards, improving my radioamateur station, and of course powering up Hive. My intention is to build my Hive account in long term. I would like to become a dolphin over time. I am currently a minnow with 1547.492 Hive Power. As I know, I will become a dolphin somewhere around 5000 Hive Power, so there is a (maybe not so) long road to there.
But I also understand those people, who will power down. The 20% interest rate is very attractive/catchy, and HBD is a stablecoin, so it is indeed not a speculation, but a relatively low risk investment.
Let us hope for that. There are many good projects on the Hive blockchain, and there will be more, so it has the potential to do that.
Have a nice day and have a nice weekend.
All the best. Greetings and much love from Hungary.
I believe we will get the 5x or 10x at some point.
And you keep active, you will get to your 5K goal. Of course, the amount required for Dolphin keeps going up. It is now like 5,500 HP.
But you will reach it.
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powers down to earn 20% apr on HBD
Hive goes to the moon
fomos back into Hive
Is that financial advice? LOL
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Do this enough and you get your own Gini.
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Sounds like rubbing the side of a gold pot until coins come out. but in this case, the coins actually come out. And they are real. Rehypothicated free speech
Hmm when I rub, coins dont come out but maybe I am doing something wrong.
Perhaps I should watch the PG version of Jeannie instead of the Cummie token version.
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U know that’s on a blockchain forever right? Damn u need some ceramic light account quick time
"Are you sure these taskmaster superbonds need rehypothecating again?"
Those bonds will be so pristine they will have their own collateral chain.
We will build an entire financial system on top of them.
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We need to talk. As u know, we are
Getting to the point of being able to spin up side chains with a few clicks of a button.
Let’s have some fun and build some good old TRAD finance into the new decentralised token infinaspace
bear hits in we have a bazillion HBD and become super inflation. if prices go to zero again.
I mean i like step 1 and 2 :D
Yes. I’d hate that scenario. But I do trust that hive community is foresighted enough to not issue a bazillion hbd.
The problem is technical hbd works like a short contract.
convert your hive into hbd on high prices and "buy it back at low". With the difference, HBD adds no demand at low prices, it simply creates new.
That's what most people do not understand ( or ignore). The mechanic itself if dangerous.
Edit: and we have exponential curve in converting HBD into Hive if price drops and converting is constant.
Every HBD converting into hive, increases Hive market cap and allow more converting on the edge a level lower.
This could be on perfect play end with 200% inflation from 7$ to 0,2. I have made a post on this long time ago.
Yes. Clear. And what conditions do you expect to prevent that scenario from happening?
I look forward to people powering down, the more curation rewards will get the users who did not power down!
That is very true. I people do power down, those who remain powered up will share more in the reward pool.
Another reason to stay powered up.
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I'm personally not thinking of powering down for HBD's 20%. Using Hive Power to curate is a more generous way to building your wealth and allow others to grow too.
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Two different ways to grow your account. In my view, both should be utilized.
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Yeah. I've decided to get passive and actively earning from HBD savings and Hive Power. Looking more carefully towards pHBD pool.
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It will be interesting to see the details. I have some money outside of Hive that I might roll into that.
We will see how it all goes.
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What is the roadmap like when it comes to pHBD pool on PolyCUB?
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Yeah this is the beautiful part of the game. It's cool when we have several opportunities to choose from and each with awesome winning features.
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The investor's dilemma. Where do we put our resources? A lot of choices.
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Yeah. Dump that Hive so that I can buy it for cheap!
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I think a lot depends on how the crypto market does in the next few months.
If we see a prolonged bear market, people will prefer the stability of HBD and it's guaranteed interest rate.
If it's a bull market they'll hold Hive with the hopes of making WAY more than 20%
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Certainly you hit upon the prime use case for a stablecoin. That said, for the traders you are spot on. However, I am not sure the majority of people, especially those involved in Hive, operate in such a matter.
Most appear to be accumulate and HODL forever. If there is a lot of trading of Hive, it is off chain. That could change a bit, of course, with the emergence of HBD. And the 20% "parking spot" is nothing to sneeze at.
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HBD, DAI and UST can be totally non custodial if you access them from the a non-custodial wallet. UST has had these really high interest rates for sometime, I would have lost 3% just trading it into BUSD and then another percentage getting into DAI, which I have a bit more confidence in, in order to earn 26%. Your article convinced me to not trade my HBD away.
The nice part is once you are in HBD, there are no fees or slippage. With the internal exchange, no fees although there could be slippage.
So a few advantages that make the APR a bit higher when fees are accounted for.
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I do believe there really are people who don't know that, yet. Spread the word.
I'm definitely not planning on powering down. I've bene looking to increase my influence on the network and HP is the way to go about it
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I agree with the dual use approach. It is the best way to go about things.
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It's good hbd interest is raise to 20%,like what you said it's is good to have options but don't you think option shouldn't be more attractive than main focus
I am not sure what you are asking? Could you rephrase it.
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What I mean is that,hive is the main investment, our main purpose is to buy more hive , every decision should increase the investment on hive ,every decision should be able to increase the buying or stocking of hive ,which will increase the price of hive,hbd is just back up investment ,so don't you think, this decision will make people invest in hbd more than hive
HBD is a stablecoin. It is not a backup investment. It is a token that is designed for a different purpose. Hive has a lot of attributes that allow people to operate on chain. With HBD, we are going to have to evolve into engaging in commerce with it. Applications will start building it in and accepting it as payment.
Therefore, having more of it being distributed is a positive thing.
That said, you hit upon the topic of my next article, the idea of adding more value to HIVE. It should not be overlooked either.
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Ok ,
I'm not powering down at all for now. I will just put any HBD I get into savings, but convert it to HIVE for HPUD each month. A little extra from interest will be a bonus. I care more about building the platform than my personal profit. I'm doing okay anyway from curation and the various other tokens.
That is one approach. Scalping a little bit always helps in the long run.
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I'm not against people earning what they can, but we need Hive to grow and we all stand to benefit from that. On the other hand, greed could kill it, but the community is pretty good at dealing with selfish people.
The people that will come in just for the apr on HBD / savings the better for the ones that keep their HIVE in HP. In so many ways!
The ones that understand this and see the potential of the growth of HIVE /what is possible, that comes with it. They are just holding…
I will 😉
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Without a doubt. There is a lot taking place. We are going to see a great deal of expansion over the next couple years. We just need to keep building things.
HIVE is where the total value of the system is reflected (or should be). We need to keep pushing things forward in that way.
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Yes we certainly have to build…
And see it just in that way!
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I also don't see the need for people to power down because of the 20% on the HBD APR so no, there will no abandoning of the Hive Power. But that all depends on how one sees it anyway.
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Finally a good news. I will be transferring all the HBD to saving from now on.
Something that I always think about is how some in the LeoFinance community cashed out all of their HIVE for LEO under 20c because there was 'no need for HP anymore'.
It didn't work out for them and it's not going to work out for those who shift their entire HP stack into HBD now.
HP is the key to the entire system and I actually expect demand for it to not fall, but increase on the back of this.
Exciting times for our blockchain ahead!
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This is how I actually see it. Even if there is a push to transact in HBD, more RC is needed.
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My quick opinion is if HBD is a safe and stable place to keep cash then I can keep my extra funds there. I am likely to take the interest and roll that into HIVE each month.
That sounds like a nice plan
I think for many it will depend upon the price. If, for example, there was a pump in the price of HIVE, you might do the opposite. Take some profits and roll them back into HBD.
Options are always nice to have.
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Certainly interesting that it happened so fast
I am sure there were lots of discussions in the background about this.
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Over time (past 1-2 years considering what should happen as HBD begins to work better), yes liots of discussions, but this particular change caught on quickly. It had a lot of support and didn't need much discussion.
It appears the success of UST made it a bit easier to see how successful it could be.
Of course, there is VC money there where we are operating on a decentralized platform. We will be a bit slower but more successful long term.
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Yes it is interesting. Some of the pushback I got when attempting to build support for SBD and then HBD for years was that Tether was the most successful therefore nobody cares about decentralized algorithmic stablecoins.
The threat of regulation certainly changed that opinion. People will really start to question things when they realize those entities behind Tether and USDC will have to come under the banking laws.
Decentralized algorithmic stablecoin on a blockchain with time lock capabilities can evolve into the most precious asset in the international banking/financial system: pristine collateral.
The best part is that system is already ledger based (albeit not transparent, open, or inclusive). Few realize how Hive is one of the limited ones that actually can make a dent in this area. Suddenly we are talking a market that operates in the trillions.
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If I had like 100 000 HBD I could live of the APR easily. A pleb can dream :)
Really? 20k/year doesn't buy very much. Do you live in a low rent country?
I pay a bit under $300 for rent. So yeah, I live in a bit of shithole country but I have a decent life here so I can't complain :P
One could live comfortably on 20k a year in my country! Wouldn't be a king or anything but still a decent lefe
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Yeah I hear you although in my neck of the woods, 20K is hard to live on.
That said, I am a long way from the 100K.
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I don't think that a lot of people will sell their Hive Power and rush into HBD. It will depend on the user's investment choice. Some would like to wait to get %20 interest payout, some goes in for recieving curation rewards in seven days.
We will see anyway...
I dont think a ton will do it either. It seems that many are taking the approach of doing both.
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All I know is, A LOT of people are going to jump on to the Hive ecosystem after the implementation of 20% interest rate on HBD.
We can only hope. It will take getting the word out there.
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That's the only challenge for now I guess, getting the word out there.
Yeah. Well before we get to that, we need to get more HBD available.
This is going to be crucial. The conversion is really to complicated for the average new user.
We are going to need to see some bigger players start to convert HIVE and get HBD on the market. Polycub's LP will be a big step forward.
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Hoping for the best. 🙏
In my books, this is just the beginning. Hive has a long long way to go, a lot of untapped potential.
I agree with you 1000%. We are still in the early stages. Best to keep in mind that, even though we have the legacy of the old chain, we are on our own for just over 2 years. A lot was accomplished in that time.
Imagine where we will be in another two years.
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Yess sir cheers to that. 🥃
Personally (although I'm still a very small player !) I go for a blended approach. I tend to alternate between buying HBD and Hiver Power, mainly based on which one is a more attractive price at the time.
The only slight concern I have with HBD is my own lack of knowledge. I really don't understand where the money is coming from to pay such a great return. How would it be funded if a few external whales invest in HBD and then all want to cash out with their returns after a few months or years ?
As far as I can work out, the only actual revenue source HIVE has is from fiat people convert to HIVE or HBD; it doesn't sell a product, have advertising revenue or directly charge for a service. I adore Hive as a social platform and for the rest of the ecosystem, but I'm sure there's some piece of the jigsaw I'm missing that enables HBD to pay a 20% return rate.
The interest paid to the HBD in savings comes from the inflation. It is new money created.
This can occur since the stablecoin has only 9 million on the market. Cant be a true currency with that tight supply. Need a lot more liquidity for it to be realistic for payment purposes.
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Only 9 million HBD in circulation but only the 3 million of that in savings earns interest. So this is really a very tiny amount. If that increases a lot the cost of interest may (or may not) become prohibitive and need to be reduced. But for now it is great.
That is true. It can be reduced. Of course, the buildout of use cases and other utilities enter into the equation.
Hopefully people focus upon building and applications incorporate HBD into their operates.
Plus the two-way conversion mechanism allows for the altering of the supply as the HBD/HIVE holders see fit. A rather great system design.
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Truly refreshing to see that there are more reasons to power up than just the curation APR. well, let’s enjoy the 20% APR. I guess we can throw a party now to celebrate
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Indeed. Taskmaster's position is always deep and his way of visioning the future in crypto is amazing.
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Thanks for that.
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Are you going to send out invitations?
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Haha!!! Sure thing expect yours in your mail box. 🥳
I will be out there waiting for the Postman.
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It is lucrative and I almost unstaked butyou need to balance up a health HODL because people will be dumping Hive to buy HBD and if Hive keeps building it will grow more than that 20%
The mooning of HIVE could far outpace the 20%.
For that reason, I believe a dual approach is smart. That is what I am doing anyway.
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Great salient points you raised. I see the Governance aspect of Hive Power as a very crucial aspect to be considered. The value of a blockchain like Hive is more than the straight financial interest we get. Even operations on the tribes are regulated to an extent by your Hive Power.
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That is true. We cant overlook the Governance aspect to things. It is vital to keep things moving forward.
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After checking out Dalz's post also, I think we may have more Hive Powered up the future than HBD locked in savings. I look forward to that plot twist. Powering down my Hive for HBD isn't an option for me now. I'm fine with just saving any HBD paid out from posts and watching how this plays out.
It will be interesting to see how it unfolds. I have a feeling that we will see a lot of HIVE converted to HBD if this becomes moderately successful.
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Completely agree and in fact I will be one of those users who will continue to focus more on HPs than HBDs.
Attracting interest from HBDs will bring in new users and Hive will probably have a greater than 20% increase...or at least I hope so
Investing in HBDs means making an investment
Having more and more HP means being part of a project and having more and more weight in the project
Always interesting your articles. Thanks because reading your article has strengthened my idea of betting more and more on HP than on HBD.
!PGM
@tipu curate
If nothing else, it is great for people to have options.
I have no problem is someone wants to power down and grab 20% by getting all HBD. Good for them.
To me, I want both and will continue to build both until I need the money.
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Of course I agree, two options are always better than one and the increased interest on HBDs will also be a way for Hive to have more attraction to outside capital.
My goal and vision on Hive is long term and I too hope to not need the money in the immediate future so as not to slow my growth.
I personally still prefer HP.
HP until it moons and then cash out a bit and move to HBD.
HBD will be a great way to preserve wealth.
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Just keep filling those bags. It will pay off no matter which direction people go in my opinion.
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Lots of exciting stuff happening. The delegation of RC is a big step in the right direction. It will allow start up games such as PSYBERX to get delegated RC instead of requesting delegated HIVE for account creations.
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Well the RCs are for engaging, account creation is something different. RC delegation helps once someone has an account but does not help to set them up.
That still comes from the claiming.
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I must of misunderstood how claiming accounts worked as I was always under the impression that claiming one cost RC . So with RC delegations shouldn't the account getting the delegation be able to claim an account with their delegated RC? If so that would mean an upcoming play to earn game like PSYBERX can purchase delegated RC and use it to claim account tokens and then offer said accounts to new sign ups.
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Yes delegated RC can be used to claim accounts. But it is a lot of RC (vastly more than regular transactions) and there are only a limited number of claims available. If a lot of accounts are needed and/or if there is a lot of demand for RC to perform transactions, it may make more sense to pay for the accounts.
Hmm you bring up a valid point. Perhaps my understanding of the situation is awry. Maybe the delegation of RC (or renting) is enough to give them the chance to add more accounts.
Will have to look into that.
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Woow, más que asombroso, haciendo que siga manteniendose estable la cadena de bloques, esperamos ver el impacto que tenga en el mercado, y lo que nosotros hagamos para que sea así. Gracias por su trabajo
This is now the hot topic in hive. 20% interest in HBD savings. This sounds really great because this way HBD holders can earn some extra that may help them to use for big power up later.
A hot topic for a reason.
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I guess people will take the best of two worlds, that means keep the Hive power and start saving it in HBD too. I personally have started saving in HBD and might power down and convert to HBD when the Hive touches the ATH again.
Or have some liquid HIVE in case there is another pump.
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This Is crazy as you said, hive give us a Lot of oportunity to earn a Little money AND a short of money for an 20% without risk por a Little risk is it very very great form, well today y send my Hbd yo saving i do not lossing this oportunity hope tomorrow hive proceso do not drope enouth yo buy a Lot of hive,.
Best regard.
HBD is very low risk in my opinion. Hard to find a better return with less risk.
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Exactly well as you said un the past are in our Mónaco country yo earn un all kind of form.
The wealth that can be generated on Hive can be incredible. We might not be the US or China but our per capita GDP could be off the charts.
This move is only going to enhance the holdings of a lot of people.
By the way, there is more to come.
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If great things happen here there is so much airdrop on the way that sometimes you are not sure which one to focus on because you can't get them all simultaneously but well if we expect a great growth not like BTC or eth, or in the USA or China simile but we will have enough to live comfortably, thanks for informing us.
Yes there is a choice in both time and resources. People are going to have to start to isolate where they want to spend their time and money. We are not a one trick pony anymore.
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You raise several interesting points, but the biggest reason I'm not even tempted to power down HP is because the passive earning of HBD will never match the ROI of HP if the holder is actively posting (successfully) to earn curation at a small-to-medium investment level.
While I think this is somewhat above the average, I earned roughly 500 $HIVE my first month on Hive which amounts to a required investment of 30k HBD (heavily simplified since I'm too lazy to do exact compounding right now ;P) to earn the same amount—passively—on a monthly basis.
That said, I do think more holders are likely to transition from 100% HP rewards to the 50/50 split to start building up HBD that earns at an appealing rate. HBD seems like an excellent place to park liquidity, now, given the short withdrawal period and competitive APR over other common liquidity stashes.
That is true although I would guess that return is not simply from curation but also your article and comment posting.
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You're correct. I probably should have clarified, since I view authoring posts/comments as an extension of curation that requires HP for the RC necessary to actively engage with the Hive community.
Ah yes. All very true.
To me, it is just a matter of noticing how it all feeds in together. We are building, that is what is important.
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Enlightening and educative article as usual. Powering down hp will definitely be shooting one’s self in the leg according to your analysis above. 20% Apr On hbd savings is such an amazing feat for hive I must say. Things we surely love to see!!
That is my feeling.
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I am with you on this as powering down some is the option but keeping Hive Power is the smart play. The possibility of doing a 10X is a given over time and those that climbed into HBD will lose bucket loads. The other factor is what about the support you offer others as if you do that you actually are offering no real value. The ability to grow is reliant on others around you and would definitely send the wrong message.
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There is something about the influence one has from powering up and how that grows as one keeps adding. You are right, there are a lot more variables than just the straight forward ROI.
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One of the sweetest things about the 20% increase in HBD Savings is that it beats fiat anytime. I know a lot of people would be scared to save up their money in something they don't understand, that's the limiting factor but I think HBD is a better option..
Would I be using my fiat to buy more HBD?..well I wish i had enough fiat but I don't...so I'm stuck with being more consistent on this space and getting returns from posts payouts to save.
Pretty well explain post @taskmaster4450 , you do a pretty great job breaking things down ❤️✅
Right now, if someone wanted to buy large chunks of it, he or she would have a tough time with the present liquidity. That is why there is no problem with the 20% rate being sustainable. We basically are going to need billions of HBD if we are to be a legitimate stablecoin player.
Posted Using LeoFinance Beta
True, that way it'll not easily lose it's value.
We surely are going to get that billion with time, everything in hive grows with time
There is a lot of opportunity with Hive. HBD is just one piece of the puzzle. We have an opportunity to tap into much larger markets.
Posted Using LeoFinance Beta
True, very true..
❤️❤️❤️✅
The HBD savings feature just became the world's best piggy bank. That said, HIVE is still king and there's just not enough for everyone. We will sooner or later witness massive upward pressure with the way things are going.
Posted Using LeoFinance Beta
That has been my view for a long time. When things start hopping, we will wake up one day and realize there is a great deal of scarcity.
Posted Using LeoFinance Beta
While HBD benefiting from 20% APR sounds great I doubt many would power down to buy HBD and stake it. Having HP you can earn more HBD and you are also positioned in holding an asset that will appreciate much more than HBD does.
Posted Using LeoFinance Beta
Yeah I doubt it too especially among the bigger accounts. There are too many reasons to keep HP.
Posted Using LeoFinance Beta
At 20%, the option to save goes from good to great. I'm taking a balanced approached to saving vs power.
It certainly does.
I am taking the same approach. My HP is still locked up and not going anywhere.
Posted Using LeoFinance Beta
I believe this doesn't stop individuals from having or powering up more hive power because every actions taking here is a win win scenario no doubt the 20% APR on HBD is pretty much attractive and a good development to see the HBD progress and both hive power and HBD in savings can both move forward in a positive state for future financial stability.
People are going to do a variety of things because we are not all built the same. Some are going to unload some HP while others might add.
This is going to be interesting to watch. The bigger players will most likely not adjust their position. They could add in some more outside money though.
Posted Using LeoFinance Beta
We are all entitled to our own opinion but at the same time it is all beneficial in the blockchain
Posted Using LeoFinance Beta
More options is always a benefit in my opinion.
Personally I am going to keep building both.
Posted Using LeoFinance Beta
Blended is key. Just like moderation in life. As the old saying goes, don't post all your eggs in one basket.
Just before I read this post inwas thinking what bits of Bitcoin do I have kicking around that I can convert to HBD.
I am stuck in the slow and steady approach at the moment. But I am going to racking my brain to start finding funds for HBD. I will keep building my HP also to try and rebuild from 2021.
It is extremely an exciting time to be on Hive. The future is so bright it is almost scary. Almost 😉
Bradley
!BBH
!ALIVE
Just keep pushing forward. That is all you can do.
The idea of growing HP is still a valid one. But yes, digging into the sofa for some spare change might be a good move. Dig up money wherever you can.
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@taskmaster4450! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @bradleyarrow. (9/30)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
I believe there will be more tendency to hold liquid Hive as HBD stablecoin when the price of Hive increases. However, power in Hive both takes long time to power down and shows your influence in the ecosystem 🤙🏽
I think you are right. There could be some more liquid held on chain for trading opportunities and rolling back and forth between Hive and HBD.
Certainly a sensible move to take advantage of the pumps when they happen.
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I will not be powering down to put money into hbd. I am thinking about bringing other money into the hbd.
Good article. I love seeing all th enews and thoughts on this!
Posted using Neoxian City
That is the goal. We are at a time where attracting outside capital is a good idea.
This will really help to push things to a greater level on Hive I believe.
Posted Using LeoFinance Beta
Their is different benefits from holding HBD and Hive and totally different Investment, no matter what people will still power up either way save HBD for interest.
That is true. They do serve different purposes on the investment spectrum.
So it depends upon what someone is interested in.
Posted Using LeoFinance Beta
People are missing on Hive power because it is not described in a way other blockchain users understand. As you pointed out, HP is the gas that you require to operate the chain. Once we have that idea, we will see the value of this governance token like others e.g. LUNA
I am bullish on hive and HBD.
Posted Using LeoFinance Beta
Me too.
I keep adding to each.
Posted Using LeoFinance Beta
I guess I need to find $200,000 ASAP now lol 20% is some seriously huge amount of interest I'm curious how this is going to play out on the price of everything.
Can you look for $300K and give me 1/3 of it?
Since you are looking already.
Posted Using LeoFinance Beta
)))
Posted Using LeoFinance Beta
Great to see the community getting what it wants!
Growing my HP still remains a priority even with the sweet 20% APR on HBD savings. Also the more I grow my HP, the higher HBD that comes in for me in curation reward to further save up in HBD.
I see a win-win situation that requires giving a balance.
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Curation is paid out in HP.
But increasing your influence will help your rewards overall I would guess. That will allow you to feed more into your HBD savings.
Posted Using LeoFinance Beta
Unless you are really new you could jump and power down.
Hive powered remain the best kept secret of this blockchain.
20% will help short term folks to see another avenue.
Like you mention Hive is the long term approach while HBD may be the short term.
Finally Hive is serving everyone taste.
!BEER
Posted Using LeoFinance Beta
For me it is not either/or but both.
I am still adding to my HP yet also filling up my HBD savings.
Posted Using LeoFinance Beta
I will be powering up every month. The 20% HBD is going to help the community to be stable.
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I don't think I will abandon Hive Power and like you said it's still gas. At the same time, it's also the unit that we use for Hive Engine so I wonder if people will start dumping their second layer tokens for more HBD.
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That is an interesting take. It could be something we see.
The key is there are a lot of options for people. How will people handle it? The fact that 20% is nothing to sneeze at, especially considering it is rather low risk.
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I didn’t realize that hbd was a stable coin. I thought it was modeled after sbd which seems far from stable.
It was. The difference is there was attention paid to it and the development of the HBD stabilizer that uses funding from the DHF to buy or sell on the open market depending upon where the price is. This is keeping the price closer to the peg.
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Thank you for your witness vote!
Have a !BEER on me!
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BEER.That's a big point you made about HP being "gas". When I thought of reasons why people would stick to HP, I forgot about RCs. Which is a damn good reason to keep it.
And just think, everyone who enters to utilize HBD savings needs....HP to interact with the blockchain.
Hence having more accounts operating on the system means more need for RC.
Posted Using LeoFinance Beta