Over the past few years I've been telling everyone I can about this blockchain...
And one of the people I've been 'explaining' things to has been my mother.
A quick story about my Mom. She's not what you would call the most tech savvy person you will meet. Sure, she's from the baby boomer generation but even as some have embraced new tech, she's always watched it with a skeptics eye.
So when I start raving about Bitcoin and this crazy thing called Hive, she always appreciated my enthusiasm but rarely inquired about how she could get involved. And I get it...She's retiring, she's got her pension, and all she wants to do now is spend as much time with her grand kids as possible!
But I kept explaining how cool Hive was...
I'm not sure what triggered the following events but it went something like this:
"You are into the crypto stuff, and I've been hearing about how people are putting their retirement funds into some of these things and making a lot...Is this true?" - Mom
"I mean, it's not something I would recommend to people. Dollar cost averaging has always been my approach and the crypto I'm involved in has this amazing stablecoin that is closely pegged to $1 worth of Hive. So to me, its like 2 savings accounts in one account..." - Jongo
"A stablecoin?" - Mom
"Yeah so while a lot of these coins try to stick around 1 dollar US, it's all promises and people's word. With the crypto I'm into, it's all backed by the blockchain. It's backed by code! Not by some made up numbers some company promises is there." - Jongo
"Is this that Bee Hive thing you always talk about?" - Mom
"Hive, but yes. It's actually called HBD or Hive Backed (Blockchain) Dollar. And here's the craziest thing about this token right now...You can put it into a savings account and it generates 10% a year." - Jongo
"Wait, so the coin is pegged to $1 and it returns 10% a year?" - Mom
"Kind of, it's pegged or it tried to be pegged to $1 worth of Hive. So generally, it's very close. But yes, it return 10% a year right now." - Jongo
As I tried my best to keep things simple and when she started asking me how it all works, that's when I told her to go read the detailed white paper about how HBD works.....lol
Yeah, no. I just tried to keep it as simple as possible but she ended up understanding how important this was because it wasn't backed by some corporation. It was decentralized and backed by...Code!
And then she hit me with it...
"So someone like me, I could take a small amount let's say every month. And put it into a savings account and it would grow by 10% a year. Meanwhile, it would be closely tied to around $1 US...." - Mom
"$1 worth of Hive!" - Jongo
"Right right...But let's say I would contribute the same amount for the rest of my life, for as long as God grants me on this earth, to a couple of accounts that my grandsons could access when they reach college! They would understand all this stuff by then and it might be a nice little chunk of change for them when it's all said and done!" - Mom
"Think of the billions that the mutual fund and big banks make off of this with fees and minimal returns. And sure there is always risk in crypto...But code is law here. I think it's a fantastic idea Mom!" - Jongo
"Perfect. So would you set up two different savings accounts for Zay Zay and Jo Jo (my sons nicknames) and let's get started!" - Mom
That's a crazy thought huh?
Now let me be clear, my mom is still of the generation that looks at crypto with a sideways glance. And right now, she's not spending hundreds a month into her little project.
But she gets it.
She understands how powerful HBD is and has now begun to contribute fiat that I flip for her and put it into my kids two accounts here on Hive. I gave my mom the account keys and she will leave them for her grandkids as her gift to them.
Crazy isn't it?
I think it can show a lot of people....If a 74 year old grandmother can see the massive potential of what we have right here on Hive...The rest of the world will soon see it's true greatness!
Thanks Mom, for cementing my belief even more that Hive truly is...The gift that keeps on giving!
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