RE: HBD Interest Payments For February 2024 | 125K+
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While this interest and strategy sounds great, and HBD's past issues seem stable enough for now -- isn't publicly highlighting everyone's savings and income sort of iffy? I'm curious about diversifying a bit into HBD, but it'd need to be on a new burner account. I've never understood why Hive's interface was designed to make everyone's funds so publicly visible and so easily accessible. That's a privacy risk factor significant investors shouldn't need to worry about. There really should be a way to mask these balances to make them anonymous.
Also genuinely curious how HBD is minted. Is is straight code to create the inflation or tokens are burned to make it?
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I have been posting these reports since the beginning of interests. I haven’t heard any complaints or concerns yet. My savings are included in the list as well. I don’t see a problem. I would gladly redact names/wallets if anyone doesn’t like to be in the list.
Main reason of these posts has been to keep track of the progress in HBD adoption and choosing HBD as investment. Some find it useful.
I agree Hive wallets lack privacy features. This is the case with most open and transparent networks. I doubt anything will change in layer one. But privacy features can be built in layer 2 applications.
As you have suggested there are ways of keeping funds private, alt accounts. Not only they won’t be associated with social profiles, but may actually provide more security.
HBD interest payments are newly minted coins, additional inflation, and no coins are burnt to create them.
If you happen to know, how does one obtain a substantial amount of HBD at one time? Hive-Engine or Blocktrades? Despite being designed as a stable coin, it recently dipped about 10% or so. Could larger transactions move the price? Same goes for selling HBD if people want to exit a larger position.
I haven’t bought or sold hive/hbd in a while. I know there aren’t many options in the US anymore. To get more HBD I would buy Hive on an exchange then buy HBD in internal market or convet Hive to HBD. Converting has 5% fee though.