Hive Bonds And Hive Finance Show How Long Term Views Are Needed
There was upheaval regarding the APR on HBD in savings. While this pulled forth strong opinions on both sides, it does emphasize something else.
In this video I discuss how the recent CTT broadcast and discussion about Hive Bonds along with the CDs show where the overall focus should be. Long term tells us where Hive is in a few years is much more important than short term debates.
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Hi, nice video, take my like.👍👍👍
Summary:
Task discusses the importance of having a long-term perspective when it comes to projects, specifically focusing on the Hive blockchain and the APR in Hive Savings. He highlights the temporary nature of current challenges and emphasizes the need to look at where projects will be in the future rather than the short term issues. Task delves into the interest rates in HBD and Savings, how they have evolved, and the potential introduction of time vaults in upcoming hard forks. He explains how these developments could lead to decentralized financial services and a High Financial Network on Hive. Task concludes by encouraging a focus on the long-term growth and progress of projects rather than short-term fluctuations.
Detailed Article:
Task starts the discussion by emphasizing the significance of approaching projects with a long-term mindset, particularly highlighting the current issue surrounding the APR in Hive Savings. Despite the discord and reactions to the situation, he stresses the importance of viewing setbacks as minor bumps in the road when considering the long-term trajectory of projects.
He draws attention to the evolution of interest rates in HBD and Savings, detailing how the decision to introduce interest on HBD that was locked in Savings has progressed over time. Task references the gradual increments in interest rates, from 3% to 20%, following the consensus by witnesses, showcasing how this system operates and adapts based on feedback and testing.
Furthermore, Task discusses the potential implementation of time vaults in upcoming hard forks, highlighting the shift towards a different fixed income structure and expanded DeFi at the base layer of Hive. He explains how this development could pave the way for numerous layer two financial services tied to the blockchain.
Task underscores the importance of focusing on infrastructure and the gradual process of development, using HBD and Savings as an example of ongoing testing and evolution within the blockchain ecosystem. He mentions the involvement of different project teams like SPK Network, Block Trades, LeoFinance, and others in building out layer two applications and decentralized financial systems on Hive.
Moreover, Task addresses the tendency to focus on short-term outcomes and urges the audience to consider the long-term growth potential of projects like Hive. He discusses the resilience and adaptability of developers in the face of challenges, emphasizing the importance of continuous improvement and learning from mistakes.
In conclusion, Task reiterates the need for a forward-looking approach in the blockchain space, emphasizing the building phase after hype cycles and the significance of continuous progress and innovation. He encourages a focus on the long-term goals and advancements within the industry, highlighting the importance of steady development and growth in the ecosystem.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.