I welcome you to my blog. One thing about operating with centralized platforms or our local banks is that customers or users have very limited options. There are many things customers want to do with their money, but they don't have that much control and authority over their own money; therefore, their actions are controlled and limited by the authority of the centralized exchanges or the local banks. These local banks decide when users get their money, how they use it, and the amount they can take at a time; it's more like the users have little to no freedom at all.
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Centralized platforms are tight, and users are pushed into tight corners where they enjoy little or no freedom at all. Centralized platforms like our local banks make at least 90% of the decisions for users/customers, and whether it favors the customers/users or not, they don't even care. Sometimes an individual has money but is broke because the bank says they have reached their limit for the day or even for the month and are forced to wait until another day or even another month, whether they like it or not, whether they can cope or not.
On decentralized platforms like the Hive platform, the story is completely different; here the users make 100% decisions in how they want to spend their earnings, on what they want to spend them, and when they want to spend them. If they want to withdraw every penny they earn or they want to leave some, decentralized platforms give users all the freedom centralized platforms and our traditional banks deprived them of. On the Hive platform, users decide what they want to do with their earnings: if they want to withdraw, convert to Hive and power up, or if they want to save in the form of HBD or in the form of Hive; it is all up to the user and not for the platform to decide. That is the amount of freedom users of decentralized platforms enjoy.
For me, since I discovered that saving with HBd brings about a certain percentage of interest our local banks cannot offer, I prefer to save with HBd by staking instead of converting and saving in local currency. Lately, due to my country's harsh economy, I have not been able to do so, but I am planning to get back to doing so as soon as I can. The interest I got when I was doing so brought so much joy to my heart; it was more like getting paid for doing literally nothing other than staking some HBD.
This is my entry to the India United contest; you can also join here
