What to do with HBD?

in OCD6 years ago

Hi, just a quick post to see what people are doing with their Hive-Backed Dollars (HBD) as I am unsure myself. HBD similarly to SBD, with such a low supply will be very easy to pump, something that happened heavily in 2017.

I haven't had a good look yet, but I have no idea what the value of the tokens are currently, but I assume that if HBD is going to be converted at a 1 dollar peg ratio, the best bet for me at this point is to convert it (takes 3.5 days) and see what happens.

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However, (I did some exploring) going on @penguinpablo's new https://hiveblockexplorer.com/

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So, I have a question, will the conversion be at the "one dollar" or will it be at the HBD price?

Currently,
at the $1 a HBD in conversion would = ~5 HIVE
at the $0.71, it would equal ~3.5 HIVE

So, what are people doing with their HBD? Are you holding it waiting for the markets to open (internal is closed still I think), or are you converting it hoping to get it at a $1 ratio? Is there a haircut applied still?

I have about half my HBD in conversion now, and wondering what I should do with the rest.

Taraz
[ Gen1: Hive ]

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I'm swapping mine for toilet paper and hand sanitiser.

At these prices, you will only get half a roll

Yeah, and 50% of that will be already used.

Was wondering myself. I need to get rid of mine.

I am not sure how things are calculated at the moment, so I am hoping that some answers come

I imagine it will be the same as on Steem, best of luck getting a good rate!

Let's see. Would be nice to get a decent rate

I just put in a $10 conversion, be interesting.

Any time I try to convert on peakd the thing just spins around and around and around and around and around and around and so on.

I think you need your active key in peaklock

Ever notice how we speak a different language here

I haven't tried out the peaklock yet. Added to the list of shit to do.

I like the vocabulary re-culture. I have some issues with some of the tools, but not sure if it is me or bugs.

I've been experiencing an odd bug when I vote. I get an error, a notification pops up in the actions tab telling me the vote wasn't processed. The moment I exit the post, the heart is lit as if I did vote. So weird. I've been running the browser for quite a few hours though so maybe I just need to restart.

I just noticed today the follower list has lots of info, like when the member last posted. So many people, gone. Time for a fresh start on a fresh chain.

A few bugs, a few great features. Learn something new every day.

Yeah, there are a few little additions that were introduced pre-JS. Are you using the peak interfaces or the condensers?

I don't speak that language. I'm on peakd right now. Is that an answer?

I've got a pretty chunk so I should probably do something with it :)

It is good to have some chunk in the trunk.

Well... you can see we are a community here...we all have the same questions 🤣
Right now I'm waiting to see the price on the market...if the markets open somewhere in the near future...
I have nothing in conversion right now, would be great if you could keep us updated 👍

Will try to let you know what happens with it :)

I just saw that you can also use blocktrades to exchange your hive dollar to hive...

Hi @tarazkp , did you manage to execute the conversion?
How did you do it? For me it does not work on peakd.com ...still

you need your active key in the lock

My Hive-keychain has the active key. When I click on conversion nothing happen

My Hive-keychain has the active key. When I click on conversion nothing happen

no idea. try peaklock and see if it is different?

Peaklock seems working, thanks!

sweet.

Don't blame me :D

This post highlights why I hope we ultimately get rid of HBD. It is just overly confusing, especially for new people.

It is a bit of a mess.

Transfer to Bittrex, Sell HBD for BTC or USDx, (optional: buy Hive, return to account).

~Happy Birth Day~

Is the wallet open?

Unfortunately it is not taking deposits. I guess the people trading are airdropped people.

yes. I am still waiting. hopefully binance puts a pair too.

Thanks for the heads up about this.

Will be interesting to see what the conversion rates are :)

I'm not even able to access my Hive wallet yet let alone convert any tokens. I keep getting an error message every time I click the wallet button. This along with the constant error message when trying to upload images in my posts. Is everyone else able to access their wallet? I'm confused

try peakd and log in with peaklock. you can access your wallet, claim rewards. i did not try to convert or move anything so not sure what else is working.

Yeah I'll have to give that a try. Thanks :)

I have a question that I hope you can answer. With my first two articles on Hive I tagged OCD and noticed that the article did not show up in the OCD tag. As a result it seemed that my post only made it into the generic "new" feed on the Hive blog. I figured that maybe I had to post in that community in order for it to show up there. In PeakD I posted my most recent article in the OCD community but now I see that the article is not showing up in my blog/profile???? lol
I'm so confused.

I obviously do not understand how the tags and communities work in Hive and PeakD and thats probably too much to explain. So my simple question is - in order to get my article posted onto my own blog do i have to re-post it there?

if i understood you, the ocd tag and ocd community are not the same thing. from the time the communities went live on steem, all posts that are published in communities are not on your "regular" blog. in sure how it looks on hive.blog because i did not used it enough, but if you go to your profile on peakD you will see Blog and All posts. under blog you have posts that are not posted in communities and in All posts there are well All posts :D

So if you want the post to show in your "regular" blog you could resteem (rehive :) ) (i see that the option in peakD is now called reblog)

Thanks, thats helpful. I'm still trying to figure all this out. It seems that everytime I think I have a handle on it, they go and change everything in me hahaha :S

I am using Peakd.

I will convert it soon if I'll earn bigger HBD. The HBD is bigger than our money, so even if that's only the price for now. I would convert for allowance, especially that I am trapped in the city that is far from home and no work because of corona.

Corona has screwed everyone...

Hodl it, It'll be useful later on. After all, it's a stable coin.

Meh, I hodl enough I think it is worth experimenting with at this stage :)

i have like 8 of them, so not really thinking about it :D but when you find out, share it :D

Worth the experiment to see how things work

Powering up!! Muahaha

Can't powerup HBD - need HIVE for that --- converting ;)

Right lol that's what I meant.😋😋

I had less than 1 HBD, (0.840), but still thought it would be a good time to see the process. Now to build a few more, and then try the internal open market when it starts.

For those of you having issue peaklock and the PeakD wallet are working pretty good, you do need to have your active key in peaklock for it to work, and if you are unsure where you put your active key, you can use keychain to find it pretty easy. Go to Keychain, then the settings page, pick manage accounts, then click on the words "Click to show private key".

Yeah, I am using peaklock, and it seems to be going pretty well.

Accepting them for commissions same as I was doing with sbd. No further plans because I generally don't know much about anything ;D

Hopefully, they stay stable :)

Hi @tarazkp , did you manage to execute the conversion?
How did you do it? For me it does not work on peakd.com ...still

I'm waiting for 10 HBD conversion to HIVE to complete.

How long til the transaction matures?

Should be 3.5 days, as before...