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Is This My Last HPUD Day?

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@bozz
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Just this morning I was sitting in the office that we share and I said to @iikrypticsii "oh yeah, it is HPUD day today. Neither of us really realized it until I mentioned it out loud. He went on to write this post, and after reading through it and starting to do a power-up myself, I totally understand where he is coming from.

Powering up was pretty easy when the price of HBD was lower than the price of HIVE. Don't get me wrong, I am not complaining one bit, but when you go to convert 20 HBD and it only equals 8 HIVE, it is kind of a kick in the proverbial nuts. Sure, sure, the value is still the same, but here we are with that crazy "unit bias" that everyone talks about all the time. It just doesn't feel like it. It feels like you are getting cheated...

In some ways, maybe we are. The amount of Hive that has been going into my account every day is already pretty significant. With the recent upswing in price and the subsequent "increase" in rewards across the board, people are adding more HIVE than every to their HP each time they hit that collect button.

Additionally, with the not so recent increase in the HBD savings interest rate to 10%, why wouldn't I just keep tucking my HBD away into that? Every body talks about moving gains into stables when they can and with the recent hinting and regulation of stablecoins, a decentralized stable like HBD is the perfect hedge.

Make no mistake, I am not saying that HPUD should go away. I think it is a great initiative and I have much respect for the people who started it, audit it, and maintain it. I have just as much respect for the people who participate in it.

I just don't know if one of those participants will be me in the future. At least not in the traditional sense. I have never powered down my stake on HIVE, so from that point of view pretty much every day I hit that collect button is HPUD day for me.

As long as I am tucking away as much HBD as possible, and unless I start converting some of my HIVE-Engine tokens to HIVE, I just don't see myself buying more HIVE at these prices. Earning HP? You bet! I am here for the long haul! Right now though, I just can't bring myself to make that market move...


Just for old times sake, I did have 30 HIVE sitting liquid in my account, so I powered up 20 of it today. Plus, as you can see, I am also earning some HIVE each day/week from BEE.SWAP and Utopis respectively, so maybe that will help fund any future HPUD's I may or may not participate in.

Be excellent to each other, and let's make this a December to remember my crypto friends!


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