Today while at the office, my boss and I got into a conversation about finances. He was telling me he had some money that he was thinking of moving into a different bank because they pay a higher percentage rate. I told him, "I actually get 20% where I have my money."
So logically the next thing that will be said is, "How is that possible?"
Crypto is not really on this guys radar unless it is in the headlines on the news. So I knew he immediately had red flags regarding what I was telling him. There's a lot of moving parts with Hive so where do I start. I decide to start by roughly saying, "There is no owner or entity that runs this, it is just code. There are 20 people that have been voted to run the code by the community. Between them, 20% has been settled on being the APR"
At this time we are walking from our garage area into the office. I pull up on the computer all the witnesses and show him the list to tell him how the top people have been voted in using Hive Power. That's when I go to my Hive Wallet on Peakd to show him what Hive Power is.
"So Hive Power allows you to interact with the Hive platform. But not only that you can use your Hive Power to vote for different people to run the code. The Hive Power gives you a type of ownership."
I continue, "You can also turn your Hive into HBD. Every HBD is essentially equal to a dollar"
He interrupts and asks me how much I have put in and how do I know that I am not going to lose it?
So i respond by telling him, "Well there are no guarantees with this, but I believe in it"
"How can they give you 20%? That is so high"
I'm like, uhh. "I know it has something to do with the inflation of the Hive coin," I haphazardly point out as I try to pull up the appropriate url and not lose his attention.
I go to @taskmaster4450's blog. I am sure he has written about this before, but in my scramble I couldn't find what I was looking for. I pull up the LeoDex and we read the whole "What is Hive" page but he didn't feel like his question was answered.
Shortly after he left the office and I decided to throw a post onto Leo Threads assuming what happened was relatable. It was my second "Thread" as I only just started using it yesterday. But the smart ass comments reminded me why I am not a fan of short form writing. It leaves too many openings for misunderstandings.
The comments on there immediately put me on the defensive. Lets keep in mind that I have been using this blockchain for 5 and half years. I have read a lot of material on here and it is hard to retain all the moving parts or even where you found the information.