Cryptocurrency is maturing. No longer is it just about the "casino" mentality. We are now seeing the foundation being applied that will actually attract true investors and capital.
In this video I discuss how the "greater fool theory" prevailed in crypto since it started. While there was a lot of money to be made, most of it depended upon the idea of someone else paying a higher price. Cryptocurrency is now transitioning to where that is no longer the case. Here we discuss this and how Hive can have a major part to play.
▶️ 3Speak
I must commend the honesty in this video. Hardly does one find people who admit to the speculative nature of cryptocurrency.
About polycub and hive bonds. I think I can see the vision of polycub (it is really a setup from cubdefi) and I want to believe it will work in the long run if polycub achieves some level of stability and influx of liquidity.
crypto needs more use-cases. We need to get out of this speculative bubble and start creating things people want to use and investment opportunities that are safe. I wrote about this in one of my recent posts
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We are already doing this. For example this is what Hive Dollars (HBD) is doing. It is a (more or less) stablecoin, and the 12% APR interest on savings is much better than what banks can offer nowadays.
Yeah, true that. When I said 'we' I was speaking about the crypto sphere general. Hive is far advanced than most of the projects that exists in the crypto sphere.
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Yes use cases is vital. That is why Hive is so promising. We are doing a lot of building.
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Another option is to get a loan either from a relative or friend and offer them a higher than "market" interest rate and deposit the loan money into the savings account. Pay them back the interest you owe them and keep the difference :)
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This is great. It no longer a casino. It just investing, lime savings account.
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The yield on the traditional financial system is severely lacking but that is to be expected when the interest rates have been dropping for years until the pandemic happened. Even after interest rates went up, banks aren't in any rush to give people better offers either so stable coin yields on crypto is definitely the best choice people have.
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But some countries like India is going to impose 30% tax which is used to be for some lottery winners or for the gambling money in casinos or horse race. So, still the the path is not smooth everywhere, some countries are not aware at all about the new technology, they only know it's a bad thing and banning is their only reaction to crypto. Hope the evolution will bring everything in the right tract.
Agree with you, hive is promising and you guys really doing a great job here. I'm learning everyday. Thank you for supporting 🥰