This week I read article after article discussing the potential change in HBD as the witnesses were still hashing it out. I saw a move from 12% APR to 15% APR as another witness moved across to the higher percentage with a vote and the following day saw the change over to 20%. It was a strange feeling at the time to be reading it happen in real time and I felt like a tiny part of a Hivemind right then.
So has this changed any of my daily Hive behaviour?
An 8% move in "interest" is a massive change and you're never going to see anything even remotely close to that in any conventional bank. They'll happily charge you 20% and more in interest when you owe them money but would they offer that to you in compounding interest on a positive balance? Ummm that would be a resounding NO.
On average I tend to call myself "mathematically challenged". It's not because I'm stupid or illiterate, but I am rather lazy when it comes to having to do sums and I certainly don't touch the ones that have letters in them. I think very highly of scientific calculators and I love excel formulas although I can do simple arithmatic if my life depends on it.
There was no attempt at calculating what 20% APR would look like on a daily basis on the little bit of HBD I had accumulated in my wallet (I can do the sums I just choose not to) - I just chucked it into savings. My account is still small so any little bit of passive help makes a difference and I'm gonna take the opportunities where I can.
Up until this change in HBD APR in savings, I was converting my HBD to Hive twice a month and then using that to boost my power up on PUD, but I'm now thinking that maybe slowly adding to my HBD savings instead of converting will actually grow my account faster in the long run as the HBD is actively earning while it's sitting in savings at almost 10x the rate that it would if converted to HP and staked. I was trying to convert more when the Hive price was down because then you get more Hive for your HBD.
I haven't seen any stats on whether it has changed users behaviour substantially or not. That would be an interesting read I think.
Still trying to wrap my head around the economics of HBD and Hive and what equals debt and what doesn't. I have always found these aspects of crypto to be the most difficult to grasp as my knowledge on financial markets, liquidity and all that jazz is pretty shit. No, actually - it's totally shit! At least I'm honest. If anyone has a link to a kindergarten friendly version of how that all works, please send it my way. In the meantime I'll just watch my HBD grow and enjoy the process.
Has the change in savings APR changed your daily behaviour on Hive?
On average I tend to call myself "mathematically challenged". It's not because I'm stupid or illiterate, but I am rather lazy when it comes to having to do sums and I certainly don't touch the ones that have letters in them. I think very highly of scientific calculators and I love excel formulas although I can do simple arithmatic if my life depends on it.
There was no attempt at calculating what 20% APR would look like on a daily basis on the little bit of HBD I had accumulated in my wallet (I can do the sums I just choose not to) - I just chucked it into savings. My account is still small so any little bit of passive help makes a difference and I'm gonna take the opportunities where I can.
Up until this change in HBD APR in savings, I was converting my HBD to Hive twice a month and then using that to boost my power up on PUD, but I'm now thinking that maybe slowly adding to my HBD savings instead of converting will actually grow my account faster in the long run as the HBD is actively earning while it's sitting in savings at almost 10x the rate that it would if converted to HP and staked. I was trying to convert more when the Hive price was down because then you get more Hive for your HBD.
I haven't seen any stats on whether it has changed users behaviour substantially or not. That would be an interesting read I think.
Still trying to wrap my head around the economics of HBD and Hive and what equals debt and what doesn't. I have always found these aspects of crypto to be the most difficult to grasp as my knowledge on financial markets, liquidity and all that jazz is pretty shit. No, actually - it's totally shit! At least I'm honest. If anyone has a link to a kindergarten friendly version of how that all works, please send it my way. In the meantime I'll just watch my HBD grow and enjoy the process.
Has the change in savings APR changed your daily behaviour on Hive?
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