HBD Savings: Can It Help To Mitigate Some Of The Global Debt
(Edited)
The multiplier effect of government spending is dropping like a rock. This is not a great thing to happen when the debt levels of governments are skyrocketing across the world. In the major economic areas, we see the per capita GDP stalling.
In this video I discuss how cryptocurrency could be the thing to offset this. At the core of this is the HBD savings which is a low-risk way to earn a solid return. This pays much better than your local bank.
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You are rocking that blogging ! And great posts !
HBD if it kept more stable could for sure be a pinnacle of what crypto is all about. 12% is pretty solid the only draw back for me is no curation and notice but that's my preference and it's not everyones.
Personally i like having a decent voting power because I'm active, writing and it seems to pay off in that way. Plus I also feel that Hive could return to $3+ come 2022 and thats 100% while HBD would only give me 12% value at the moment.
It's a preference game but it is a real possibility and something we could work towards.
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There is no doubt that the key is the stability of HBD. If there is no stability, stablecoin becomes an oxymoron.
We need to get that settled and then seek to enhance it. I was happy to see the post about Ragnarok and the sinks it will look to create for HBD.
This is all part of the building process.
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This is really awesome to know. Keep up the good work moving.
thats why I chose my username !
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I also have some HBD in my savings, it took me a while to figure that out 😄
Ps pls correct the typo in the word “government” 5th word in your post!
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Will do.
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The chances of HIVE dropping down to zero is unlikely. At least I would say HBD is a great choice because 12% is a fairly high rate compared to most platforms. One month of leaving your money in HBD savings is more than a few years in a bank.
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Isnt that the truth. That speaks volumes of what we are creating on here.
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My plan to hold HBD in my hive wallet and I believe I won't regret it. Your blogs and vlogs are always awesome and contain important crypto currency material that has a deep research. I appreciate your vlogs and blogs and a regular follower or your content. Keep sharing now we new comers.
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Think you for the support and I agree with you. I am holding HBD in my wallet also.
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You may holding a huge or biggest amount of HBD I'm just started collecting it. Best whishes for we holders.
A 12% return is starting to look very attractive.
That BUSD-HBD pool even more so!
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I’ve tried putting all my incoming HBD into savings for now. As someone else mentioned it would probably be a better financial move to just buy hive and curate + enjoy the gains which will most likely exceed 12%.
But I guess if someone likes to convert hbd to hive in batches they might as well earn some yield while accumulating
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I am saving HBD as part of my overall plan. Stack, Hodl, create, curate, save. None of that is really difficult. !BBH
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Because this is such an awesome post, here is a BBH Tip for you.
. Keep up the fantastic work
Summary:
In this video, Task discusses the concept of saving in the context of the HPD savings program and its relationship to the broader economy and the issue of increasing debt levels globally. He highlights the importance of increasing saving rates to counterbalance the effects of debt accumulation and presents cryptocurrency, particularly Hive, as a viable solution for saving and generating yield in a high-interest, low-risk environment. Task emphasizes the potential benefits of HPD savings, offering a guaranteed 12% return on investments locked into the program. He also touches upon the significance of Hive tokens and the development of a fixed income market on the platform.
Detailed Article:
Task starts by addressing the substantial debt burdens that governments worldwide have been accumulating. He points out that despite attempts at stimulus measures, the impact has been short-lived due to the law of diminishing returns and the negative multiplier effect on public money. To counteract this, he suggests increasing the saving rate as a means to deleverage the economy, drawing parallels to the significant savings rate increase during World War II in the United States.
The introduction of cryptocurrency, according to Task, provides a way for individuals to save, generate yield, and avoid excessive spending. He mentions the popularity of NFTs as a form of investment and examines the HPD savings program as a solution for increasing savings significantly. The HPD savings program offers a 12% return annually, paid out monthly, presenting a high-interest, low-counterparty risk environment for investors.
Task outlines the safety and advantages of the HPD savings program compared to other investment options in traditional financial markets. He stresses the importance of owning keys, maintaining control, and avoiding third-party risks. Task acknowledges the potential risks associated with liquidity pools and impermanent loss but suggests a long-term holding strategy to mitigate such risks effectively.
Furthermore, Task discusses the utility of Hive tokens, highlighting their governance role and function as gas on the platform. He anticipates an increase in Hive token utilization with the development of more applications and smart contracts in the ecosystem, leading to a rise in the token's value. Task emphasizes the potential for Hive to create a strong fixed income market on the platform, providing investors with a near risk-free asset and high returns.
In conclusion, Task encourages viewers to consider the benefits of the HPD savings program and the broader implications of utilizing cryptocurrency, particularly Hive, as a solution to the prevailing economic challenges. He envisions the establishment of a dominant fixed income market on Hive, offering high yields and liquidity, setting it apart from traditional financial instruments.