Greed at its finest. Steem Dollars (SBD) is currently worth $6.04 USD. That is not the goal with Hive Dollars (HBD). There is a lot of ongoing effort to keep it close to $1 USD as much as possible, because it is (or rather supposed to be) a stablecoin pegged to the value of USD.
You guys really are trying to tell me that hoping for a $10 hive is GREED? Especially you @taskmaster4450le you make plenty of rewards why wouldn’t you want each hive you earn to be worth more? and you @blocktrades you seem to agree that it is greedy to want our project to appreciate in value. Makes absolutely no sense but ok guys 👍
I have been here since July 2016, there are 2 constants since then even though a lot has changed.
But what hasn’t changed are:
Authors and curators will consistently dump the price through the author and curation rewards. Does not matter if its whales upvoting each other then selling or if its thousands of 3rd world participants selling to live off of. Until there are better reasons to buy hive it will inflate to reward and dump leaving price stagnant and below $1
HBD wont keep its peg, never did before, and unless there are code based changes to its design it will continue to not hold its peg.
Incentives drive engagement and proof of brain. Nothing was as vibrant as when steem had voting bots. If you shit post, and paid for a bot to upvote you relative to how much you pay, you risk losing your investment to downvotes, now with free downvotes we should bring back vote selling and allow the market to buy up hive and hbd and let humans manually curate who should remain on the front page and who should think twice before buying their way to page 1 for a few minutes.
I know a lot of you love the idea of having a 1 usd peg but really there are so much more important things to focus on like creating demand for hive and hbd and finding more user.
Greed at its finest. Steem Dollars (SBD) is currently worth $6.04 USD. That is not the goal with Hive Dollars (HBD). There is a lot of ongoing effort to keep it close to $1 USD as much as possible, because it is (or rather supposed to be) a stablecoin pegged to the value of USD.
You nailed it. Someone who shows either little understanding or little concern for what is taking place.
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You guys really are trying to tell me that hoping for a $10 hive is GREED? Especially you @taskmaster4450le you make plenty of rewards why wouldn’t you want each hive you earn to be worth more? and you @blocktrades you seem to agree that it is greedy to want our project to appreciate in value. Makes absolutely no sense but ok guys 👍
Posted Using LeoFinance Beta
How is it greed lol you rather hive go to $0.10 or $10? Am I greedy for preferring $10?
Posted Using LeoFinance Beta
You wrote HBD, not Hive. HBD is supposed to be pegged to the value of the USD. Hive is not.
I have been here since July 2016, there are 2 constants since then even though a lot has changed.
But what hasn’t changed are:
Authors and curators will consistently dump the price through the author and curation rewards. Does not matter if its whales upvoting each other then selling or if its thousands of 3rd world participants selling to live off of. Until there are better reasons to buy hive it will inflate to reward and dump leaving price stagnant and below $1
HBD wont keep its peg, never did before, and unless there are code based changes to its design it will continue to not hold its peg.
Incentives drive engagement and proof of brain. Nothing was as vibrant as when steem had voting bots. If you shit post, and paid for a bot to upvote you relative to how much you pay, you risk losing your investment to downvotes, now with free downvotes we should bring back vote selling and allow the market to buy up hive and hbd and let humans manually curate who should remain on the front page and who should think twice before buying their way to page 1 for a few minutes.
I know a lot of you love the idea of having a 1 usd peg but really there are so much more important things to focus on like creating demand for hive and hbd and finding more user.
Posted Using LeoFinance Beta