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RE: Can someone tell me a little bit about how the HBD savings work?

in #hive2 years ago (edited)

Yes he is right, thats why I said we are all in the same page! I got a bit anxious when the user said that I was going to make him lose money and misread his post. And in top of that I admit that I failed to explain the 30 days claim period, which is logical when any front end says "claim in x days" changing to claim the bottom.

But ,yes you move HBD when you click the claim button, even 0.001 HB like the example that I showed about my claim! I moved 0.001 HBD to my savings! And the post that I used as example has the instruction:

How to claim my HBD interest?
To collect your interest, your HBD savings balance must be changed.

Indeed, each time this balance is modified, the blockchain code checks if there is no interest that must be paid and if so it makes the payment.

There are several ways to modify your HBD savings balance:

Make a transfer from your Liquid HBD to your HBD savings.
Make a transfer from your HBD Savings to your Liquid HBD.
Ask someone else to transfer HBD to your HBD savings.
Transfers HBD from your Savings to someone else.
The amount does not matter. A transfer of 0.001 HBD will do the trick

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Well, I believe that you got a bit anxious when the @intrepidthinker said that you were going to make him lose money.
But you also have to understand that the initial comment that you left must have been truly confusing, if not misleading, for him.

gwajnberg - initial comment

He couldn't know what you already knew and understood and even less what you think. If he did, he wouldn't "cry" for help with the whole post seeking what-to-do and how-to answers.

I don't want to offend you or make you more anxious, but if you take a look calmly once again at your initial comment, you will realize it was quite shallow and superficial in the way that @intrepidthinker really couldn't know what he is supposed to do.
To withdraw HBD, where from and where to?! - Unclear!

If he by accident followed your advice, understanding it as he should withdraw (at least) 0.001 HBD from savings (to liquid HBD), he would actually lose his currently accumulated interest and stop the ongoing cycle.
We are talking here about HBD 2-3 $ he could lose in that case. Maybe it's not a big amount for you and me, but we don't know if it is a big amount for him, especially if we have in mind places and countries where this is a weekly salary.

I'm sure you just wanted to help, and with that intention, you just posted a quick answer. I believe, in the excitement of the moment, it skipped from your mind that something that already became your common knowledge and understanding doesn't have to be the same for the person on the other side.

Yes it was superficial needed more context for sure! But it is a bit difficult to explain by comments im still not sure if this convo is well detailed for a newbie! Cheers

OMG, man! - That's the "cost" of the claim (interest) transaction, and it's happening automatically (especially on PeakD) - not some extra transaction one should do manually!

yep automatically! but still do! I prefer doing manually but still, it is a movement, I think you are being picky in your argument. It isn't the cost like you said ...it is the movement that makes the interest to migrate to your account! clicking the button claiming or just transferring by yourself cheers =) as I said I asked sorry to @vocup! And hopefully the user understood that he waits until the claim button appears!

Hmmm... 🤔 If it is an apology for a false accusation that we were wrong, we must admit it's hard to recognize one, but we will accept it anyway! 😅

Yes, you are right; it's just the movement or allocation (of the funds), and that's why I put the word "cost" inside the quotation marks. 🙂

I understand that you want to be sure that at the end of the cycle, your interests moved to savings, and that's why you are maybe doing that additional transfer, but it's really not needed if you already claimed the interests manually by this or that interface claim-button.

you also did that!