Oh thank you! I have been wanting to convert hive to fiat just to know that I know that I’m able to do it when I might actually need to.
I also wanted to prove to skeptics that it’s possible.
When trying to invite friends here, I get two responses: “I have enough accounts” and “isn’t that a pyramid scheme?”
After watching Start Up (series) I was able to see why Hive looks like a scheme. And I’m some ways, it does seem to operate that way. That said, there’s many mechanics here that definitively render the scheme argument to be a misunderstanding.
When I finally came back to Hive, I had $350 + $250 usd value in actifit, and then Steem and Hive on top of that. That was WITHOUT a cent of investment.
I could have pulled those funds out (but I’ve been converting to apprentice tokens and staking everything). If I invested nothing (other than time and equipment) than this isn’t a scheme!
I would like to prove that to the skeptics.
(I wish I wasn’t so long winded sometimes! Sorry)