Hello SPIers, today we look at "What if we could transfer HIVE POWER".
As it sounds, we can transfer liquid HIVE to any other HIVE account, even accounts that dont exist, we can do the same with liquid HBD so why not HIVE POWER?
I understand it sounds crazy and it would never happen because HIVE POWER is staked HIVE and the whole point of staking is to "lock up" but at the same time, we're always exploring new ideas and ways to use HIVE are add some value to the eco-system. Recurring payments are the perfect example of adding value to HIVE.
Well, to cash out and bypass the 13-week powerdown. People who maintain more than 1 HIVE account could use an HP transfer feature to consolidate all their HP to 1 main account but ultimately it would be used as a way to cash out HP without the 13-week power down.
How? Someone would offer liquid HIVE for HIVE POWER. They might pay 90% the HIVE value and the person cashing out would pay 10% to bypass the 13-week powerdown. Sounds like alot but if the price of HIVE jumps 40-60% in a few days, do you want to wait 13 weeks?
I think yes, nothing like transferring HP of course but the end result, yes. It would require the person looking to cash out their HIVE POWER to start a powerdown and set it up so SPI would be the receiver in a multi-sig transaction. This transaction would require permission from both the person cashing out HP and SPI for it to become active, changed or cancelled. After SPI signs the transaction, we'd transfer the person's liquid HIVE and we'd get that HIVE back over the next 13 weeks as the powerdown is paid into the SPI account.
Ethically, I am not sure how this would be viewed by the larger HIVE community. The whole point of the 13-week powerdown is to keep the HIVE price more stable and we would be monetizing that for profit. Im honestly surprised nobody has done this before cause it seems like a really easy way to earn a massive yield from liquid HIVE. Maybe it has been tried and it was killed off by the HIVE police are something. Interesting all the same.
It's a pointless thought really because we'll never see the day when we can transfer HIVE POWER are staked HBD for that matter. My thoughts wander sometimes and you can see how my mind works. I start with a silly thought like transferring HP and turn it into a HP > HIVE service SPI could offer. lol. Im telling you, it would make alot of money. It would require alot of liquid HIVE to get started but it would yield way more, way way more than whatever we can earn with HP 🤑.
Getting Rich Slowly from June 2019
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token |  @spinvest | SPI |
| LBI token |  @lbi-token | LBI |
| Top XV token | @spinvest | XV |
| Eddie Earners |  @eddie-earner | EDS |
| EDS miners | @eddie-earner | EDSM |
| EDS mini miners | @eddie-earner | EDSMM |
| DAB |  @dailydab | DAB |
| DBOND | @dailydab | DBOND |
