Wow!! 30 years is a long time for me to want to lock my assets, will I be given my 30 years Interest upfront?
Just another question regarding locking up, I thought locking Hive up in savings gives you 10% APY interest? I also thought getting HBD rewards from post is another way of the blockchain generating more HBD and adding it to circulation
No, you do not get the interest up front. It gets paid out in intervals just like HBD savings.
But, just because the HBD is locked up for 30 years doesn't mean that you are stuck. You can sell the HBD30 bond at any time. The HBD is locked up, not the value.
With bonds, you can usually calculate or look up the value, which goes down as the expiration date approaches. This is why the issue date is important.
https://www.investopedia.com/terms/b/bond-discount.asp
https://www.investopedia.com/terms/p/premiumbond.asp
Thanks for the clarification
I'm doubting that the US dollar will even exist 30 years from now. I think stablecoins are good way to defend yourself from short-term market volatility, but not somewhere I'd want to park my wealth for years or decades.
HBD is not backed by USD. It is nothing more than a unit of measure.
HBD is backed by HIVE.
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But HBD has been engineered to mirror the value of one US dollar. If the USD collapses, what would happen to the value of your locked up HBD?
It would still pay you in HIVE. Whatever $1 worth of HIVE is worth, that is how much HIVE you get.
Of course, we have been hearing about the collapse of the USD for decades and it only keeps getting stronger.
So there is there.
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The united snakes dollar will persist, but, the federal reserve debt note is on its way out, imo.
Instead of the fed issuing dollars, the treasury will do it directly.
Thereby, the value created will accrue to the treasury, and not the private owners of the federal reserve, as was intended by the constitution.
The Fed doesnt issue dollars.
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Where does the treasury get them?
I do not believe the interest is paid in savings on HIVE. It is my understanding that the interest is for HBD locked up.
Maybe someone has more information on that.
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