The case of the missing HBD and other fun things
I was trying to find a good picture to use for this post and it suddenly occurred to me that this sign in my office might just be the perfect one. It isn't flashy, it probably won't garner a lot of attention (or upvotes) for this post, but as we slowly close the door on 2023, it just felt fitting.
If you ask almost anyone, they will probably tell you they are shocked we are already at this point. I've seen my fair share of posts from people talking about how horrible the last couple of years have been, but I haven't seen anyone say they aren't surprised that we are already knocking on 2024's door.
It's hard not to get caught up in all the hype that is surrounding the impending year. Halving, spot ETFs (that are supposed to be revised by today I think), and all kinds of other speculation is running rampant. It's important to remember that right now, it is just that. While logically it makes sense that ETFs and a reduction in the amount of BTC being mined should drive prices up, there is always something right around the corner to drive them back down again.
This is the time to be smart, save your emotions for your significant other or the person on the stool next to you down at the local bar.
It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the community.
What's that you said about missing HBD?
So just about a month and a half ago, I saw some news that BUSD was not in a good place. I don't know if it was FUD or actually true, but it got me looking at some of my other investments outside of HIVE. Besides Splinterlands, my only other investment on BSC is tied to CUB, I had some BUSD and BHBD paired together in a farm earning me the CUB token.
Given the current price, overall sentiment (sorry, but it's true) on the CUB token, and uncertainty around BUSD, I decided I didn't need to farm any more CUB, so I pulled my tokens out of the farm. I swapped my BUSD into BHBD and then used the Leo bridge to send that over to the Hive Chain.
After a couple days without receiving my funds, I created a ticket on the Leo Discord server. Over the next month and a half, I got constant assurances that my funds were on their way. Trust me, I know people have been in worse situations, so I am not really complaining, just informing and perhaps mildly venting.
Fast forward to yesterday when I finally received a portion of my HBD along with a message in the trouble ticket. Apparently, there may have been some sort of manipulation happening with the price of BHBD and this led to some large liquidations. Mine just got wrapped up in the mix. The plan now is for LEO to handle "large" BHBD to HBD conversions similar to power downs on HIVE. The funds will be distributed once a week across 13 weeks. It is what it is, but I have a few issues with this whole thing.
First, I was hoping to get that HBD so I could buy HIVE at $.32 not $.36. By the time my 13 weeks is up, who knows where HIVE will be. If it's over $.50, you better believe I won't be very happy.
Second, I don't really feel like 440 HBD is a "large" amount given what some people are slinging around here. I guess it's all relative.
Finally, I think the thing that bugs me the most about this is the lack of communication (which honestly has always been a bit of an issue with LEO). If there is an issue just tell me there is an issue and that it is going to take some time to fix it. I can handle that better than promising me "soon" or that my ticket is the next to be refunded and then a month later it still hasn't been. It's straight up lying and I don't think that is the look LEO wants to be sending.
I think we all get it, crap happens, if you don't realize that by now in this space, you probably don't belong here.
From what I have seen, they have a plan to move forward and I respect that. I just wish they had handled things a bit differently, at least for the sake of those who have invested in the community over the years.
At this point, bridging assets from BSC to HIVE through Splinterlands seems like the better move despite the fees.
Sharing some more silver
I was in my local precious metals store the other day picking up some last minute stuff for my secret santa gift when I came across this 1oz silver round in the display case. It immediately reminded me of a 1oz bar that someone else shared here on Hive a while ago.
It even had the divisions on the back like the bar did. I'm pretty sure the bar had the exact same phrase on the other side too, so I am guessing they came from the same place, just different formats. I had admired the bar in the post, so it was only right that I pick this up. I think I paid about $29 USD for it which at the time was just about $3 USD over the spot price of silver.
It's interesting how even if you go to the store to buy something for someone else, you always find yourself picking something up for your own collection too.
I'm still pretty pumped over my nephews reaction to the silver I got him for Christmas. I didn't expect him to be that excited about it, so that in turn makes me pretty excited about the prospect of buying him more next year.
Looking ahead
Two to three days. That's all we have left of 2023. For me it was a pretty good year. Sure, there were some ups (travel, family, food) and downs (a leaky trailer, hitting a deer), but overall the Bear has been good to me. My HIVE account is 2x to 3x where it was before the bear market, and I just found out yesterday that my traditional investments earned me five figures in capital gains and dividends this year.
If I write a post on Monday I will probably cover some of the tokens I am planning to keep an eye on for the impending bull cycle.
Be sure to check back for that!
Sports Talk Social - @bozz.sports
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And on the other side, regardless what others are moving around, 440 HBD is a lot!
Yeah, I get that. It's a long drop from the whales to the plankton!
Yeah, the crypto space is rife with things just going sideways with and without warning. Don't kid yourself, even if 440HBD is pittance compared to some accounts, it still a good chunk of change. Good luck in the new year!
Thanks, I appreciate it! I wish the same to you as well!
That's frustrating about the HBD. It makes me wonder where was the HBD that was backing it?
Nice silver round, you are building a nice collection there.
Yeah, I am trying to get my stack built up. If I had to guess I probably have between 15 and 20 pieces now. Maybe a little less. My thought was they were using the HBD to earn interest, so I would have guessed at most 3 days for them to unlock it and get it over to me.
Yes, it makes you wonder what they did with it.
Bro I don't blame ya LEO and all that stuff I had high hopes for but they have been doing some weird shit lately for the last year now where I pretty much have given up on the project and projects for the most part. The other issue for hive now is MAJOR liquidity issues and security around all these crazy APRs especially for HBD. I think you'd have a hell of a time trying to sell out HBD if you really wanted to cash out into something else sadly. I've pretty much gone back to doubling down on Splinterlands lol it really is a place that hasn't really let me down and seems like we are back on track there again.
That is cool. I am still invested in Splinterlands, but I am probably not as fully invested in it as I could be. I have a lot of hope for HBD, but I get what you are saying about not being able to move out of it if you wanted to. I hope the LEO group does well. I just think they have some things to work on.
I'm sure they will do fine but after three years of the constant same things I'm pretty much over it and have moved on to greener pastures. That's not to say I don't believe and don't invest in LEO still just that I don't spend 3+ hours a day on it anymore.
I'm sorry to hear about your problems with the HBD - that aint great. For info, when I transfer between chains/Exchanges, I tend to use LTC - its cheap and fast. I've not done huge amounts with it - maybe 200 HIVE or so, but its worked well and come in as swap.LTC. I dont know if thats an option for you with BSC ?
It sounds like you did fantastic with your traditional investments - thats great !
Oh - and for info I landed two nice bottles within my xmas presented. A bushmills original and a Jack Daniels single barrel select ! I was pretty happy with those two.
Heres hoping you all the best for 2024 when it comes !
Cheers @hoosie
Thanks, I wish the same to you as well. I will have to keep that in mind with LTC. I think part of the problem is we don't have many exchanges in the US to work with anymore. That single barrel select is good stuff. One of my favorites for sure!
I'm sorry to hear about your missing HBD
Hopefully, by 13weeks, the HIVE won't jump so high up
Thanks, I hope so too. Then after the 13 weeks it can do whatever it wants!
I feel bad to hear about your missing HBD. Is it possible for you to trace and find it. Also, this is truly the right time to stack up more HBD and save!
Oh, it was never really missing I guess. It's going to take a bit of time, but I will eventually get it all back.
13 weeks? This raises an alert for everyone who has funds there.
I had a similar experience trying to move HIVE out of LeoDEX, took about ten weeks (HIVE not earning anything anywhere) and me chasing all the time to find out what was going on. I wish them well but I've learned my lesson. I'll keep staking LEO, but they're on the back burner until things improve.
Love the silver round. I have three and I'm thinking that may be I'll start having a look at silver.
Best wishes for 2024 🍾 💃 💪
Thanks! I wish you the best as well. That sounds horrible about LeoDEX. I know there are people who have more than me locked up for more time, so I can't really complain. I just wish the communication had been better.
This is a very troubling knowing that your money is somewhere for a very long time. I wanted to ask, was there a prior term that the HBD would be sent in batches or this just happened all you sent the BHBD because it can be very frustrating to keep getting assurance whereas you are getting disappointment from them. For me, 440HBD shouldn't be a large amount to pay at once because if it is not, what happens when it is 3000HBD
This was something that they just implemented.
Also heads up to anyone delegating to @leofinance. It's very normal to not receive payouts which adds up very quickly..
I hope the HBD related problems get finally solved and that you recover your entire funds early enough to purchase the said hive before a price spike. All in all, I wish you the best in the few remaining days of 2023 and all of 2024.
Thank you, I hope so as well!
That really sucks... And it's wrong. On the bright side that's a nice and shiny get out of dodge round! I love those things!
Haha thanks, I like it too!
I'm sorry to hear about your problems with the HBD!
I hope that 2024 will be better.
Cheers!
Thank you!
🥂 May your year be filled with blessings, @bozz !
And you as well!
!WOC
Keep up the great work with Woc, @bozz! kairke(7/8) is impressed by the thought and consideration you've put into this post. Your work is truly appreciated.
Wow, this post is truly amazing! As a reward, @kairke has sent you 0.3 WGOLD. Keep up the great work!
BTW! WGOLD is the token of the War of Clans ecosystem, you can use it to have discounts in all our games or stake it and earn rewards now!
I had a very nice Tax Free Year in 2023... I stopped paying income tax, just so you know... I still pay Property and Sales Taxes, but that's to be expected...
Cool!
Thanks for your two cents worth...lol...
Always! I love upvoting other people's comments.
My first experience with LEO was their threads, and it wasn't exactly the greatest. I think they're trying too hard to compete with web2 instead of looking for ways to innovate and stand out.
Sorry to hear they're dragging things out in getting you your HBD.
On a brighter note, you got a good deal on that divisible Silver round. I've seen those go for $5 over spot easily. Congrats!
Oh, that's great news then! I'm sure I will get my funds eventually.
The ray of sunshine here is that your nephew may become a stacker of sats and silver too.
I saw him yesterday and he was talking about wanting to start buying gold. I think he has caught the bug!
Now where did that come from?
13 weeks is crazy, considering the HBD is not a staked token with a huge tail. Someone is earning interest for those 13 weeks?
Yes, that seems to be the case... If you look at the account it is very telling. https://peakd.com/@bnb-hbd/wallet
Holly mooly! That's more than a grand per month in interest, and they have difficulties paying customers their few bucks. Doesn't sound right...
It sounds like they are on the hook for about a 100K in conversions the way I understand it. I think they are trying to fulfill that while still maintaining some income. I'm just guessing anyway.
I'm glad you will finally get your HBD. That's a shitty way to get it, but at least you'll get it.
Thanks, I appreciate it. Yeah, it is what it is.
Hello bozz!
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