RE: Can We Make HBD Better ?
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For the moment the USD is still the world reserve currency and very stable and I don't believe we have any reason to change that for HBD unless the status quo changes. I don't see the value of front running a currency change, we can adapt later and everyone can buy themselves other currencies if they feel like it but I don't think we should consider that as a store of value over the long term, it isn't the value proposition of a currency. I see bitcoin as a store of value, like gold ; I see Hive as a business investment ; and HDB as liquidity to be used within the year, althrought with the 20% interests I could be an investment for the moment but I don't think it is a goal.
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Thanks for your reply ! I must admit that I currently see HBD as an investment; the 20% interest is just so attractive compared to what banks pay out. Although it's a massive simplification, the way I see it is that the difference between the 2-4% banks pay and HBD's 20% interest is a reflection on the extortionate profit margins banks take to pay for their swanky head offices and executive bonuses.
But I think we should front run the demise of the USD. Not by abandoning the dollar peg entirely, but setting up a contingency pegged to something else.
The dollar's status as reserve currency is based on US control of the financial sector, but if you scratch the surface you'll see that the Emperor has no clothes. The US outsourced most of it's manufacturing to China, most US commodities are expensive compared to other producers, US infrastructure needs massive investment, and government spending on non-productive projects is out of control. Sooner or later, something is going to break !