The really exciting HBD news is that we now have just under $5 million HBD in savings and are on track to paying a million dollars in interest on a $5 million dollar loan in 2023.

Hurray! I guess.

In a 20 year period this loan will grow to 191.6 million. We will have paid 186.6 million in interest.

These numbers are not sustainable.

The HBD market cap is now 7% of the HIVE market cap. The original HBD haircut capped the market value at 10%.

Things would actually be worse at the moment ... except for a market scare that caused people to convert a million HBD to HIVE.

I suspect that some people sold HBD in December for taxes. I liquidated and converted my HBD to HIVE in December.

Boring is good when it comes to HBD.

The system guarantees the price of HBD with HIVE.

When one is securing a loan with an equity, one needs to look at the effect that the loan had on that equity.

The price of HIVE fell by 84% last year. This was far faster than BTC.

15 top witnesses are still signaling 20% APR.

The percent figure is a number. The fact that most of the witnesses have selected the same number indicates that HIVE is not as decentralized as we think.

Can You Honestly Recommend that People Buy HIVE?

We use HIVE to guarantee a five million dollar loan at 20%. Can you honestly recommend that people buy HIVE knowing that the system uses HIVE to guarantee a loan at a usurous rate?