RE: HBD Interest Payouts For June 2022

You made a big mistake. You have a video saying that 20% interest for stablecoin is an indication that a platform is a ponzi scheme on your post about the 20% interest on HBD.

I compared this report with your May Report.

It appears that some of the large accounts dumped a big portion of their HBD holdings when HIVE dipped below $0.40 last month. They converted the HBD to HIVE which increased the downward pressure on HIVE.

The video you published calls this aspect of stablecoins a "death sprial."

It is best not to put a video that uses terms like death spiral and ponzi schemes in posts about the 20% interest on HBD.

The good news is that since some of the big accounts dumped coins in the market dip, we are now in a situation where the top 12 accounts received over half of the HBD interest.

The top 100 accounts still received over 80% of the HBD interest. The top 300 accounts received over 93% of the HBD interest. Considering that there are tens of thousands of active accounts, the stats show that high interest on HBD interest is a game that benefits the top 1% at a cost to the 99%.

So much for the claim that HIVE will make a positive difference in reducing the inequities of the world.

!hivebits

Posted Using LeoFinance ^Beta