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RE: HBD stabilized at 20% again (for now)

in #hive3 months ago

It is sutainable, indeed, But is not this rate one of the things that prevents Hive from going up like many other coins? HBD is basically a debt and paying such an interest rate on a debt that we don't use anyhow (as a bond, as intended way back in 2016), seems as a waste of money. Which, obviously, doesn't come out of nowhere.

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Hive, like most cryptocurrencies, is dependent on the bigger crypto cycle. In 2022 and 2023, most altcoins lost 90-99 percent of their value, and they are just now beginning to recover. Hive lost about 95 percent, and is back bouncing around 10-15 percent of its all-time high. Check the record on most other altcoins. Hive is not in a vacuum. As the cycle progresses and people discover it, it will rise -- but in a bear market, the interest rate on HBD that the vast market does not even know exists means little to adoption.