Introduction
After I did some reading around in the ocean of this blockchain. I noticed a big trend where some folks on Twitter believe the HBD at 20% is not sustainable. The worst they spread FUD it might be a scam without understanding the fundamental of this blockchain.
If we make a comparison to the financial system where you can barely get 1% with a bank account. All our life we get wired to think this amount of interest is the norm. You cannot even beat the high inflation we are experiencing right now.
As soon as an external folk spread a false rumor that 20% is not a real thing. We need to take a step back and think about it.
The incentive to provide a 20% rate
People need to have a goal to hold something for a long period of time. An asset need to be desirable for the people to desire it, purchase it, earn it, etc...Otherwise people will dump it on the market, and guess what might happen?
The price will drop in the red! Now the incentive to provide 20% is to make sure the community of Hive holds the HBD algorithmic stablecoin. This way the price always stays almost to 1$, the way it should be. It is not always the case, we have a pump here and there along the way.
To be honest I am very grateful to have this opportunity to make money at this rate. Instead, to complain or listen to FUD around, we need to focus our attention on what we can control.
Passive income and staying positive
We need to have gratitude for this awesome opportunity to receive 20% for staking your HBD. I believe this is sustainable for one reason the strong community we have on Hive. People are minded and want to grow their accounts with a continual daily effort to always keep growing.
What brings value in the era of web3?
This a simple and easy question to answer. We have a strong community that keeps going in the same direction! The best part is completely decentralized which makes the thing more appealing.
It is the positive pole of energy where everyone in this ecosystem brings value by creating content, curating, and receiving tokens for their daily return. In return your stake your HBD and Hive to get more tokens.
Conclusion
Never follow the crowd or FUD that HBD is a pure SCAM. People come too easily to the conclusion that 20% is unsustainable. I don't think so and I believe is a good opportunity to generate a stream of income on the Hive blockchain.
We have a strong community that creates an asset that many projects dream of. We have-minded people that show up daily and produce awesome content.
I have gratitude to stake my HBD to make more money. Everything in life has an element of risk! If you don't take risks to move forward, you cannot make progress. This applies in the world of crypto and finance.
Have a wonderful day!
@Cryptosnowball
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