This is according to me and others can correct me if I'm wrong... you get paid out in hbd and hp, typically. HBD can be converted to Hive. HBD is supposed to be the dollar of Hive and represent about $1USD, but it rarely is. You can save it, which locks it until you want to unlock it... when you unlock it, it takes 3 days to release (prevents someone from having your account and stealing it- highly unlikely) and it earns you interest- about 10%right now, I believe, while in savings mode. Otherwise, you can exchange it for Hive and it takes a couple days to convert over, or you can transfer it to an exchange and sell it, like I do.
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Awesome, thanks for explaining! I was going to be asking my friend more about that part this week since I saw I had a small amount of HBD, so this gives me some good info
This is a solid explainer, but substitute the word STEEM with HIVE
Thanks Jagoe, I’ll take a look at that video tonight. I appreciate all the assistance!