RE: RE: On-chain HBD Savings Vs Staking Hive Engine Tokens: Which have the best hustling strategies on the Hive blockchain
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RE: On-chain HBD Savings Vs Staking Hive Engine Tokens: Which have the best hustling strategies on the Hive blockchain

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4y

I agree that curation should be the primary focus of HIVE. I was moving all of my HBD earnings into HIVE-Engine before the witnesses raised the interest on HBD to 20%.

This foolish decision by the witnesses stopped the flow of funds into Hive-Engine and undermined the HE platform. One can prove this by looking at the flow through honey-swap.

Were the witnesses to lower the interest rate, we would see the fundamentals of the platform change and we would see funds flowing back into HE. The high interest on HBD undermines HE.

My point is that the smart money moves according to the algorithm. The only reason that a person would buy an alt-coin over HBD is because the person has some foolish notion about curation and community.

!hivebits