You are viewing a single comment's thread:
RE: What is the Price of 20% APR on HBD Savings? .:. Late Night Blogging
It is debatable which was the point of creating this post... The debate is good!
It's interesting how people that are all about HBD felt hurt by this post (not talking about you), and almost everyone thinks that I'm against HBD, which isn't true at all... I'm just for fair play and fair competition between HBD and HIVE...
Would you feel the same way with HIVE at 1$?
If it would be pegged, maybe I would have the same opinion... But, in any case, HIVE has so many more use cases and underline values than HBD... So, not sure how I would "feel" about it in that case...
20% APR for HBD is a high bar set for small projects on Hive-Engine during the bear market, but will it be the same in the bull market, especially if they are correlated or surpass the evolution of HIVE?
That is true... I have to agree with you on that... I suppose that HBD's use case at the moment is to be an "exit" for weak hands to go out from HIVE... It will be interesting to see how things develop in the bull market...
Personally, I use HBD in savings as a temporary holding until I buy HIVE. At least during this period. May be different in the late bull market.
Hehehe... I do the same... And maybe collecting some money for HiveFest... And I will probably use it in the bull market for taking profits... And all this means that I do USE HBD and I don't hate it... lol... It's more that APR is bother me... I mean, it's nice to earn profits on it, but my main focus is HIVE as I do want to see it thrive in the long run...
Thanks for an awesome comment that made me think in a bit different way! :)
What I meant with HIVE at $1 was for HIVE to rise 3x from here, while HBD evidently remains relatively constant but with its 20% APR. :) Besides the obvious better return for HIVE in this case if one buys HIVE now, that would also reduce the debt level and amount of HIVE burnt to convert to HBD.
Maybe in the future, we would do ok in the crypto space without stablecoins at all. But as long as we spend mainly fiat currencies (and even those differ from one another), we probably will need stablecoins pegged to them in crypto.
Otherwise, my main focus is on true crypto, and I don't consider stablecoins true crypto. More like a bridge between the two worlds.
View more