First: I sent along 46 Hive instead of $5 HBD ... Probably easier for you to convert the Hive to cash than HBD. Thanks for keeping this series going.
Second: Stock market crashes suck. A few words from a major figure like Trump and everyone feels the ripples.
Third: What are your thoughts on tokenized stocks? TTSLA for example. I really like the idea and it should be fairly simple for me to do... if it wasn't for the Canadian laws involving securities :)
And here is where things get long. I promised to support this initiative and I am absolutely committed until January but after that? Well, I was hoping you could look over a rough draft of one I'm intended to do in the Great Little Dragons community hopefully sometime early 2026.
Sorry if it is long but I figure you would be able to give good feedback and I'll use the $5 I gave to you as an example :)
Thoughts:
In that light I've been trying to figure out a good way to lend people money on Hive in a way that is beneficial to them and has a reasonable chance of getting repaid.
Just for fun lets say that you wanted to borrow $20. Assuming it was for something useful like investing $20 into mutual funds. Or perhaps you wanted $20 because you are a keke napep driver and you need a tank of fuel so you can keep working. Or a seamstress who needs materials to create a dress someone wants to buy from you. Or maybe you are a loyal Hivian and your cellphone died so you need $80 to get a basic cellphone so you can keep on posting. Small amounts to be sure but important if you don't have it.
*(Yes I know you could use $24,000 but I'm thinking much smaller)
Anyways... if I look at your account you have 191 Hive. Roughly $20 worth.
If you need it now? Sorry, its locked as HP so you need 13 weeks to remove it. Plus, I'd really rather people keep their stake and not sell it for cash.
So... How about this as an idea.
Repayment option #1 :
Delegate 191 Hive to the lenders account and each week have the delegation reward pay off the debt. Sure it would take 9 years to pay off (assuming 8% delegation reward and no interest). Yes, someone could unstake their money and run. But for any relatively honest person? Delegate and your minimum payment is covered, do it once and its easy. Side bonus: This account regularly upvotes so it makes better return than having it sit with you (I see your voting mana at 93%) and you could end up getting bigger upvotes as a side benefit :)
Repayment option #2 :
Purchase 2,000 GLD tokens and preferably hold them. This is the fun part. Each GLD token is valued at 100 GLD : 1 HBD. $20 HBD would be 2,000 GLD. If you borrow $20 or 2000 GLD they are pegged to be the same. However,if you purchase the coins it goes into the community treasury so its exactly like you paid the loan.
Result: There would be a listing like
Borrowed: 2,000 GLD ...... Held by borrower : 1,400 GLD
Easy. You can see what was borrowed and a quick wallet look will tell anyone exactly whether you have purchased GLD. Once you hold 2,000 GLD you would have paid back the loan
You hold the 2,000 GLD coins. When you get the HBD from your curation rewards and you don't know what to do with it? Purchase the GLD to repay the loan....
But you are holding the coins. If you need the money to buy more mutual funds? Sell the GLD coins and take the cash.
I think of it a bit like a readvanceable line of credit. Once you "pay back" the 2K GLD by buying the coin, sell and get more money if you need it....just buy more GLD when those post rewards come in.
I'm hoping that by doing this I can help some people invest in themselves or into mutual funds while still keeping their money on Hive. I'm hoping that people will take some of their earned wealth and invest it back into the Hive infrastructure rather than see Hive as a piggy bank to be raided when times are tough.
As I mentioned I'm just writing you as I value your thoughts and I need to work hard to make a "full featured whitepaper" but for now...
My thoughts are :
Any thoughts?
RE: Turning Hive Rewards into Real Investments: Week 4