Shady Hive Scheme Idea?

I thought of something. It might be a little shady when comes to Hive & shady to the people around you.

I don't want to encourage such behavior

Buuuut in some low income countries where the government doesn't have an oversight over crypto or your spending habits, this could potentially work.
You are not scamming Hive and you are helping your friends & families for a better life. Might just need to keep it low-key, depending on where in the world you are :D

Its fairly simple and I am 100% not the first one to come up with this idea at all, I am just not going to execute it xD

Legit just offer friends & families an interest on their money between 5-11%, put it into HBD savings for that sweet 15% and pocket the rest :D

It might be "shady" but I don't seen anything wrong with it. I mean, if someone gets 2k HBD monthly from his own HBD savings we don't say anything, so if a collective of people do this or if one person provide this as a service I can't really see a problem with this :p

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Not, what I had in mind. But Ohh well xD

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16 comments

In India, we have to pay 30% of the profit from the trade, so this is not a good investment here. Good luck.

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I have to play 50%, thats why I dont do it haha xD

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Hell brother, it is fking crazy haha!

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Indeed, this is not good. You should find some other way to withdrawal.

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Why do you think, I haven't withdrawen anything in 7 years haha xD

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Hahahah
Nice business idea
I just learnt about HBD saving though, newbie and all..am just curios, doesn’t the price of HBD affect the savings seeing that hive to HBD conversions functuates?

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Well, the Price of HBD & Hive, affect the conversion rates.
The savings rate 15% is stable.

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So after getting the savings withdrawals and wants to convert it..if the conversion mate is lower than the I risk saving conversion, don’t you think it would affect the interest made or what’s the way around it cos am considering this?😂

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What? The APR is 15% no matter the price of HBD.

But if Hive is at 0.2 and you swap 1 HBD to Hive, you get 5 Hive.
But if Hive is at 0.5 and you swap 1 HBD to Hive, you get 2 Hive.

But thats still 15% and its still the same USD price you get, the amount of the token is just different.

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