For example, if I am "my own bank" this means that I should be able to use my value as I choose and when I choose, managing it myself. However, "managing" is not that easy.
$320,000 dollars (varying, of course, depending on the changing prices of the assets it holds) in 34 months and now pays dividends in HIVE. It's a wealth creation token.I'm wondering whether we have an embryonic system in Hive where we could test some of these ideas? I'm thinking of SPI (@spinvest) which is a kind of mutual fund where investors have clubbed their resources together which is then used to grow. The fund has grown in value from $13,000 dollars to
There are many reasons that I like it including that it is a managed fund: even if I do not have time (or other capacity) to investigate new opportunities as they arise, the fund is pursuing those opportunities on my behalf (eg Polygon). At the same time, the fund is transparent and accountable and I can ask questions or put my point of view and get a response (disclaimer: I hold 11% of the fund).
SPI has already set up a loan mechanism, Bear Bonds, more clunky than you are describing, but perhaps a step on the way?
I don't know much about SPI, but I assume that there are various ways for this to operate on and off Hive and yeah, the managed fund position is valuable. I think LeoF are slowly working their way toward building more "service" offerings, where they will provide low-fee management that benefits all stake pooled.
We are definitely heading into an interesting area, as this is a direct threat to a bread and butter service to which banks have held the reins for a very long time.
Thanks for adding your thoughts her and on the other comment :)
😁