RE: When will hive become a big head of social platform ?
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Have you ever looked at the monthly active user chart?
HIVE has been in a steady state of decline ever since the witnesses decided to raise the interest on HBD to 20%.
The absurd interest on HBD was supposed to attract users. People with financial sense realized that the platform took on an unsustainable liability.
Last month we paid about just under $115,000 in HBD interest. HBD is a derivative of HIVE. $115k HBD is worth about 333K HIVE at the current HIVE price of $0.345.
Of course, smart investors hold off converting their HBD to HIVE when the price is high. What we see is that people convert HBD to HIVE when the price dips.
My answer is that HIVE could only become a major social media platform after it reduced or eliminated the interest on HBD. Since HIVE is controlled by a few whale accounts that want the passive income from HBD. I fear that the answer is that HIVE will never be a major playor.
Personally, I fear that the 20% interest on HBD has created a ecosystem that may not survive another three years ... which makes me sad.
!WINE
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I see, well maybe i do a post about it. If i become witness it be 5% apr
can i use oyur text in a post to know what other users thinks about it ?
Sorry about the delayed reply.
Yes.
I wish that our platform had a deeper debate about HBD interest before we chose this path.
well we have time to discuss let see if the people we want to talk to have it too