A true model of cryptographic security in the real world.
Hive Earnings Mechanisms allow your cryptocurrency to remain in your wallet under the protection of your private keys while earning money.
Disclosure
I am invested in Hive
I am not impartial
But...
Truth about Hive
When you invest in Hive your cryptocurrency never leaves your wallet. So FTX couldn't steal it.
When you rent out your HivePower to earn, your Hive never leaves your wallet, so FTX can't steal it.
When you stake your Hive as Hive Power and upvote content creators on Hive you make money, and FTX can never steal your money.
When you move your Hive Backed Dollars to your Savings account you earn interest on it at 20% currently and FTX can never steal your money
At all times your money is in your wallet protected by cryptographic security that no computer in the world can break by guessing, even if they guess continuously for 50 years.
Hive is the perfect model of keeping your crypto, in your wallet, protected by your private keys and all the security cryptocurrency has to offer.
All the problems concerning Luna, Voyager, Celcius, and even FTX revolve around the lack of cryptographic security, and HIve Fixes this.
All these projects earnings model involved the investor sending their capitol from their wallet, where it was protected by cryptographic security, to the wallets of these centralized exchanges, where it was suppose to reside in the wallets of these projects, but once it was loaned out to other investment projects, and so not only wre the investors funds not under the protection of the investors private keys and it was not under the protection of the investment fund private keys.
These disasters were the result of decentralized finance project models which require the investor to surrender their cryptocurrency and remove the cryptographic protection that cryptocurrency and cryptography provide.
This is the flaw of all these programs, and it is illustrative of how early decentralized finance is in it's own development.
I think that 10 years from now, we will look back and laugh at the manner in which investors exposed themselves to losses to participate in these investment projects.
In the absence of strict regulation and enforcement, the current world of decentralized finance is very dangerous for investors, and protecting your capitol requires skills that the majority of investors don't have...
But one project stands out from all the rest in this regard..
One project allows investors to make decent yields of 9 to 20% without risking their capitol.
