And as the bot has to do more when the situation or demand changes it won’t be good.
We’ve talked about it in multiple of his posts comments. No further conversation needed. We’ve rehashed the conversation endlessly. I disagree with him. Respectfully so. Smart people can disagree. 20% rate can’t last unless price drops on it. It’s unfortunately the truth. Time will price me wrong or right.
Not to mention the whole it’s a stable coin is going to bring powers that be to tenet us if it does last. Hive should be the focus, not keeping a not even real stable coin stable. If Jan 1st 2024 it’s still in tact and interest is over 10% - 15% I will admit I was wrong. But secondly the dollar is loosing over 15% of its value this year. So it’s kinda just pointless to me to focus all our energy on HBD instead of a hive token itself.
I'm just wondering now what are the real useful use cases for HBD, I mean except the staking part.
I see a “stable coin” push but if someone depends on it being stable and doesn’t time there moves, any given way it moves from $1.00 form to .92 Cents. The argument I hear is it goes back to .99 or 1.00 hours or day later so it’s fine. If it’s use is for stable coin and they wanna promote use the hat expands bigger outside just here it’s worthless for that.
20% plus cant last
And after taxes it’s less. It is just keeping up with inflation and hardly. So in my opinion it’s ya not worth risk. I wish we’d fork it outta existence actually and focus 100% on Hive token.
The yield is not sustainable, history is on my side. I love this place and don’t want this to be true, many Friends here hold a lot of it. I just gotta call it how I see it.
The use cases being pushed aren’t really going to work. With what we have available now we don’t need it at all. The bot system that keeps it floating in a general range hasn’t been in place very long. I just feel I’m seeing people ignore some basic issues because they wanna believe they can get 20% interest indefinitely. I always felt this way but now it seems like many wanna get HBD expended for mass use. It would be a huge mistake.
This is a new push to expand and label it a stable coin and it’s not going to end well.
So if I don't want to stake HDB, there's nothing important that I can do with it. As I see it it's much more productive and safe having HP than keeping your stake in hbd.
I couldn’t agree more 👍