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RE: RE: The Hive Financial Network - A Proposal

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taskmaster4450le
@taskmaster4450le
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What's to keep someone from taking a zero interest loan, buying a ton of HBD (if it's available on the market), moving it into savings and then making 20% on it.

What is preventing you from doing the same thing with your house? If you have equity in your home, what is preventing you from taking out a mortgage at 6% and then turning around and taking that money, buying HBD, and depositing it into savings.

Same premise.

The difference is the bank is making money off your loan. With these types of situations, the protocol isnt looking to do it in the same manner.

In fact, by doing this on the second layer using a HBD derivative, you could actually offer negative interest rate since the HBD in savings backing the derivatve is generating a 20% return.

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