Meaning you put money in the bank in CD for rainy days, why can’t you put 10% of that in HBD? We pay a lot more in interest.
Exactly why I'm starting that now. On the other hand, I still don't feel like I fully understand crypto and blockchain and all that, so it does feel like more risk to me than a CD which I can read over bank statements once a year and see how healthy the cooperative is. Same goes for stocks with quarterly reports. I still have to find out how that works for Hive and crypto in general - which is on my to-do list.
On the other hand, I'm funneling money into SPL anyway. So I could just park a part of that in HBD, to generate interest and in the long run get more. But I'll see, one is my hobby, the other more like an investment.
$50 a month in HBD is more than 10% of what I can/want to save each month, more like 20-30%, but I also already completed the other passive income streams, or at least the goals there. They're now in the compounding phase until I need them. So it does make sense to look for alternatives.
Let me ask you this: you had zero Hive 1 year back, now you have 5000 hive. So this community has given you $1000.
For free.
Well for your musings.
You can ask yourself what would you have done with your musings? Send them to New York Times?
Which bank gave you $1000 for free?
So who had taken the $1000 risk here?
You or Hive? :)
PS : what prospectus have we read on you?
Oh, I'm very aware of that. Though it's been more than $1000, more around $1750, as I took a part into SPL. I wouldn't even have started writing again, probably - but I also wouldn't have spent a huge amount of hours. For the content, you're right, it might not be worth $1000 or $1750, I'm not that good, but if it was a job, it would be a fair payment for hours worked, even here for Ecuador - but there's the quality of work, too... Okay, not the point, I know 🤣
The other part is that I haven't been paid, and that I never took and HP out of the account. I could of course take a pay-day, but that's not my idea. The economical part has not been important to me at any point; sure, it's fun to see numbers grow and turn them into graphs, and it's great to say "I make $100 by writing", but that's about it for me. And I'm pretty sure that I wouldn't have come this far if it wasn't for the balanced approach of keeping to stake along the way.
And that's just what I'm saying - I saw HIVE a lot more like a game of numbers, a place to write, to read, to engage. The more I learn about it and the utility it can provide, the more I think about engaging it into my real life. Not because I'm bullish, I still don't understand enough to make an informed opinion. Dipping my toes. Getting a little more skin in the game (though, not really, as it will first be paying back what I got from Hive to spend on my hobby).
As to the prospectus - you read me, my posts, and I guess after a few comment-conversations you saw potential. Which was taking a risk, I remember you writing "I thought you were a scammer" 😅
So yes, I get your point, and that's also why it feels like a big step to me. Bringing some extra HBD into the game and such might not seem like much, but from where I stand in my life, it really is quite a commitment. I think it'll pay off, but it's also important for me because it will make me want to read more about how things work.
I always think everyone is a scammer first!
That’s the starting point for everyone with me :)
And 98 out of 100 probably are 😅 I'm glad I could convince you that I'm not. Or at least sow enough doubts for you to take the risk.