I was angry because your post openly advocated an investment strategy that is damaging to HIVE. You advocated that people dump their HBD when HIVE is at a low.
But I want to answer you post.
You have one of the most influential accounts on HIVE ... especially in regards to HBD.
You have influence but have never thought through the consequences of your influence.
I will answer you comments but out of order:
Lastly, investing in HP, Hive or HBD is open for anybody. Nobody is forced to do anything.
HBD means HIVE Backed Interest. The value of HBD is structurally backed HIVE. When the witnesses raised the interest of HBD to 20%, they forced a high interest loan onto the HIVE community.
The interest changed the dynamics of everything in the HIVE-O_sphere.
The same thing happens in politics when agents in the government issue a bond. The government is forcing a debt onto the community. The same thing happens with deficit spending. The government forces debt onto the nation.
The Federal Reserve is built around an interest scheme and fractional reserve lending.
The Federal Reserve forces debt into our communities.
The hive witnesses are doing the exact same thing with the HBD interest. They are using systematic backing of HBD by HIVE to force debt into HIVE.
The people who are pushing debt on our society all plead innocent. They all say: I did not consider the consequences of my actions; therefore I am innocent.
The 20% interest was forced upon the community and has had terrible consequences.
There are many opinions within the network [...] I do believe 20% APR for HBD is a great feature for Hive and beneficial for Hive.
It is interesting how opinions are proven or dis-proven over time. If there was a great benefit to 20% HBD interest, we would have seen it by now.
What we have seen is a steady drop in the price of HIVE since the decision.
You were correct in saying that people have freedom. They have the freedom to leave HIVE.
The people who avoid investing in debt-ridden entities left HIVE. We've seen thousands upon thousands of users flee.
I had opinions. My opinions seem to be turning into fact.
My opinion was that the 20% interest would crash HIVE-Engine. The HE tribes saw about a 90% drop in their coin value.
Development on HIVE Engine is at a stand still. The developers lost money and left.
My opinion was that the high interest would drive away users and investors. We have lost a large number of investors and users. My opinion was that the the interest on HBD would lower the price of HIVE. My opinion was that the lowering in the price of HIVE would actually hurt HBD. the HBD marcap peaked at $14 and has dropped to $11.
I hope that you wake up someday and realize that forcing debt on the community is a bad thing. The $34 trillion in US debt shows that people never do.
RE: Changing Hive and HBD Investment Strategy