I have decided to keep HBD in savings rather than convert to HIVE or cash out. This is partially because of the 7% interest. Principally, it is to reduce the volatility of my account.
It is also starting to make sense to park additional cash savings in HBD because it is decentralized, like DAI. However, I don't have to worry about ERC-20 fees for transactions. HBD is easily convertible to low-fee coins like Dash, Doge, or LTC for cashing out. This makes it ideal for "banking" my savings.
HBD isn’t a stable coin so just be safe holding a lot. I think we should abolish it. It’s just confusing for new users. It’s not at all pegged to dollar. I really think it’s a negative for our platform. We could do a one time swap for hive or something in a fork. I dunno I just see it as a waste given it’s so much volatility. I’d prefer if we just had a real backed stable coin 🪙
Or just hive and rewards could be half hive power and half hive. Just my opinion
I want pool action!
All valid points.
This is huge. You know what when you go to pull the money out, the transaction fee will be zero. That is a huge advantage to operating on Hive.
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