The benefits of having, using, and even holding hive-backed dollars (HBD) aren't talked about enough. You look at all the perks and then you wonder how it's not taking over the whole market.
I was scrolling through hive Twitter when I saw the above tweet by @taskmaster4450 and it made me realize how privileged I am to be involved in the Leo community, and the hive ecosystem in general. Then I started to think of all the benefits and then HBD just popped into my head. In HBD you have;
- a coin pegged at 1$
- an industry-leading APR of 20% (which is insane btw)
- a decentralized chain
- Lightning speed low fee transaction
etc.
Amongst other things.
I was speaking with my brother the other day and he was telling me how he intended on saving his fiat with his local bank but his fears were great. From unnecessary charges to an unstable centralized system, and a frail system that could go off at a very important time. He went on and on and on. In my head, I was thinking, "dude HBD is everything you wish for". Eventually, I was able to convince him that he could save his funds in HBD savings and earn interest while at it. It was pretty difficult to convince him that I wasn't going to lose all his money, and also Tried to tell him I wasn't trading with his funds but saving them on a stable system with a stablecoin pegged at a price while earning interest. One thing he talked about so much was also how he would get his money back out when he needed it. All the fees and delays, as he had experiences with Ponzis (M.M.M haha). And so began the lecture of low fees transaction and lightning speed trade, Hive's internal market, etc. It was a very educative experience and it made me realize how privileged we are, and I started to appreciate everything even more.
I think I need to write here more often. :)
Posted Using LeoFinance Beta
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Well said, with time it will get the wave of approval and acceptance it's worth
Yes it will
I'm positive
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Thank you @bhattg
I just started saving my HBD for a project I hope to achieve by August, Hive is a life saver please.
Good going. I trust you will achieve it 🙏🏾