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RE: Hive Advantage: 20% APR Without Counterparty Risk

in LeoFinance • last year

Been happily turning my HBD into savings when the price of HIVE is above .45 cents. Right now buying HIVE to sell for HBD when the price corrects. 20% Interest is a massive amount to get for holding safe USD pegged coins.

last year in LeoFinance by
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     last year  

    Which of those coins you mention do you believe is pegged to USD?

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     last year  

    HBD

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     last year  

    HBD is not pegged to USD. It's pegged to HIVE. 1 HBD is worth $1 worth of HIVE not $1 USD...

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     last year  

    1 HBD is worth $1 worth of HIVE

    1 HBD is worth $1 worth of anything means it is pegged to the dollar no?

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     last year  

    Not in my opinion. HBD is backed by HIVE, not US dollars

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     last year  

    The peg is USD, that is the unit of account. The backing is not USD, that is done with HIVE.

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     last year  

    Yeah exactly, the money is backed by HIVE but pegged as I said to USD.