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Powering down to saving by igormuba

View this thread on: hive.blogpeakd.comecency.com
· @igormuba ·
$1.08
Powering down to saving
My first power down finally happened, and I transferred it all to my savings (as HBD) where it will generate a 7% yearly yield.

 I have posted about how great this yield is, but I don't know how long it will last.

 Personally, I hope it stays there, or go up, imagine having 10% a year HBD yields?!?!

But I know that to keep the HBD peg with this 7% yearly HBD yield, it has to spend and "steal" value from Hive market cap (well, according to some market rules at least).

![_2021_07_10_at_15.21.12.jpg](https://images.ecency.com/DQmZkGKA9PF76NFcAqJeM88Eu3qpDwMNx9DSBrXeaSRTFtz/_2021_07_10_at_15.21.12.jpg)

The crypto market is unstable and as I made some nice gains on Hive, I am powering down so that I can every week, accordingly to the market conditions, decide if it is worth it powering back up, or selling the Hive for HBD and then put it on the savings.

As this is the first, and I want more liquidity, this time was a no brainer, the next almost dozen power down will be a harder decision to take as I like having more Hive power.

Remember, the HBD savings yields 7% a year, which is not bad, it is actually great. If Hive happens to touch 20 cents again, and stay there, I hope to have time to remove my HBD from my savings and buy more at a lower price, that would be awesome.

For now, as it went up, I prefer to "unload my bags" on the way up, this way if I happen to need money I don't have to sell at a loss, which is always bad both because it hurts, and because you get less money when you need the most. 

I expect to keep my account at least with 70% or 80% position as HBD, as long as Hive keeps going up, and then buy again if we happen to have a huge dip.
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vote details (40)
@ackza ·
i wish they had an option to "Power Down to HE token" and it automatically powered down and bought swap.BTC or auto powered down from vessel, as you can do, you can select which account gets the power down, and you can just have @blocktrades get each weeks power down and if its large enough, convert that to BTC lol or doge or eth and just send it to the address sent in your memo or whatever is last used address on blocktrades.us account lol
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@ackza ·
you realize how much money i would have if i had an option to save half or even 25% of all my crypto from steem into BTC and then saved into a @telosnetwork T BOND locked for 5 years? shit i would have like multiple BTC godamnit and I ALWAYS WANTED a TYRUST FUND I COULD LOAD and NEVER withdraw time base dbut NO ONES got that really, unless they do im sure ethereum has that but gain its hard

theers no system to hold that shit except for T BONDS on telos which has a time lock NFT but youc an still SELL IT i need a way to LOCK IT 

HIVE POWER IS VERY CLOSE to what we want

I could make a hive engine token with 1 power down payment lol and 2 year or 10 year time lock lol 18 year trust fuind child time lock for mothers, thatd be somethin, load it up with hivepower toa HE token, and its locked

like POB with 5 to 10 year time lock NOW THATD be valuable, especially if it converted your shit to sdwap.BTC and that was secure, we can use PBTC on Telos, telos has it all man, telos has the ptokens.io eosfinex peg of BTC, PBTC https://ptokens.io
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@igormuba ·
That might be possible, however, Hive was not built to run logic, just to save JAON objects, just recently we have managed, with great effort, to add, for example, the possibility to convert Hive into HBD, before only HBD could be converted into Hive. Because all witness must agree on JSON state changes, those changes are difficult.

Hive Engine is an attempt to add logic to Hive but it is prohibitive both in term of cost to deploy but also in terms of what can you do with it.

To do something like you said on another blockchain, like Ethereum, is relatively easy and straightforward, but on Hive? You gave to write smart contracts that are basically hard coded to Hive Engine.

I appreciate the effort to add logic to Hive but I totally dislike the way it is being done. 

Of course I couldn’t do better, I am right now doing some research on what could be done, and trying to learn how to get consensus and security when dealing with states on Hive, but I always stumble on the issue that Hive only stores states, and to get consensus would require an extra layer, just like Hive Engine….. It is frustrating to develop for Hive if you care about descentralization and security 
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@ganjafarmer ·
I haven't taken anything out and currently I'm locked out of making any moves on the hive engine. So my crypto is just continually piling up. It's really nice to watch it continue growing
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@igormuba ·
I don’t touch my Hive Engine tokens because they have no liquidity, Hive Engine has a very very long path to take both technically and economically, it might end up in a disaster but I am willing to hold them if the ship sinks because I see potential, just that the potential is hidden behind a huge technical deficit, like allowing anyone to easily deploy and run custom code, they say they plan to allow arbitrary code execution but so far no timeline or roadmap to get to that yet….
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