You are viewing a single comment's thread from:

RE: Hive Unit-of-Account Evaporates Once Again

in LeoFinance4 years ago

The monetary value of your HIVE is set on the day you withdraw it, not on the day you earn it. Thinking about the conversion price makes one go bonkers.

I do all of my HIVE calculations in HIVE. It is not until the day that I am ready to withdraw HIVE that I will start thinking of the dollar price.

Posted Using LeoFinance Beta

Sort:  

I try to not even think like this.
I'm already past this phase.
Rather my Hive is locked forever and it's time to build an entire economy around it that boycotts the dollar altogether.

I am still essentially 100% powered up. I have used HIVE to buy HIVE related things like building a community and buying a punk, but that's it.

Rather my Hive is locked forever and it's time to build an entire economy

Locking down and building an economy are conflicting ideas.

I've been thinking about the question of how one can use HIVE in the real economy? Building an economy around HIVE means using HIVE for real world goods.

The bump in the price of HIVE makes it tempting to think about trading HIVE for real world goods. Of course one has to avoid that type of thought. The worst thing a person on HIVE could do would be to borrow against one's HIVE account.

My hope when I started HIVE was that I could find a way to fund web site development. I might be able to make enough from HIVE next year to pay hosting fees. If HIVE can hold above a dollar, I might be able to pull it off.