RE: LBI increases its PoWeR

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jocieprosza in #lbi • 2 years ago

That's thw thing I don't like, you switched 15% APR for 8% APR and decreased HBD savings below 5k target. Please keep HBD in savings and use the Hive's built-in features as much as possible.

On the other hand, I'm happy you noticed Leo is totally unreliable. Even with DHF funding and hype propaganda, the inflation is far too big for this to work. If you want to increase pwr exposure get rid of Leo. Undelegate HP. They're mostly focused on their runes, Thorchain, Maya protocol and treat Hive as a faucet.

It's funny how we are deep in mud with Leo and InLeo didn't support LBI in any way.

2 years ago in #lbi by jocieprosza

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trumpman 2 years ago

Leo inflation isnt actually as crazy as it used to be. The problem is that they have lost most of the trust and nobody wants to buy it anymore :)

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trumpman 2 years ago

To add a bit more on this, it's thanks to lbi that I no longer dump all my Leo earnings, instead I swap half for lbi and pool the rest on lbi/leo

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jocieprosza 2 years ago

Same here

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lbi-token 2 years ago

I understand your concerns with HBD, and assure you it remains an important part of the plans. This was just one of the things I did with the funds, and all of them were moving into HIVE priced investments. Yes, our HBD is below the 5K target for now, but I made the decision, and so far it has been in our favor. Time will tell if it was good timing, but so far the move is about $100 in front thanks to HIVE's price increase. That $100 would be about 8 months worth of interest on the 1000 HBD.

As for the LEO concerns, I don't necessarily disagree. My plan is that when I started running LBI, I'd treat it as a fresh start and work from that point forward, without looking at previous issues too much. Since taking over, I've cut the leo.voter delegation twice, almost in half, as a result of the unreliable payouts.

Overall, I made a call, and stand by it. My goals for LBI are much bigger than just collecting 15% interest on HBD, people can do that themselves if that is their goal. My goal is to put funds into some of the best layer 2 projects on HIVE and build this fund up over the coming years. I think we are much better off now than the path LBI was on a few months ago, overall. I get not every decision will please everyone, but I'm doing what I think is in LBI holders best interests for the long run.

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7 votes

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trumpman 2 years ago

Just make us rich sir

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empoderat 2 years ago

If you let me play devils advocate there, 15% APR on HBD is great, but only in bear markets (Vs HIVE). It seems that markets will heat up soon, and a small increase in HIVE price terms it's enough to justify the apr reduction.

In that sense PWR it's like a HIVE derivative, but with a much higher apr and the possibility to stay "liquid" in the pool.

Regarding leo... nothing to add. I feel more or less the same.

Have a great day.

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jocieprosza 2 years ago

If you let me play devils advocate there, 15% APR on HBD is great, but only in bear markets (Vs HIVE).

I'm sorry if my comment sounded that way. It wasn't against your project (I'm also involved in it), but it was rather against decision-making that contradicted the previous decisions of participants who expressed support for increasing the HBD stake.

It seems that markets will heat up soon (...)

Or not. But for me Hive has greater potential than Leo, so I'm happy to increase pwr exposure at the expense of our Leo stake. Increasing pwr stake in LP also removes liquid Hive from circulation, which is also another building block of Hive's success

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empoderat 2 years ago

I wasn't salty or something sir, didn't know that about that HBD "promise" though. Enjoy ur Saturday

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