I thought I saw somewhere in the haphazard array of disjointed communications from HBC that they were going to fix their internal HBC/USD price to equal the external exchange(s)? Does anyone know anything about this or a time-frame?
Currently you get prison-raped converting your lending profits to HBC (and therefore to BTC if desired) as the internal conversion rate is ALWAYS TWO TIMES the actual market value. For example, right now:
HBC Lending Profit Exchange Rate (that you have no choice about if you want to actually withdrawal/use profits):
1 HBC = 7.98$
1 HBC = 0.000674 BTC
HBC's OWN INTERNAL EXCHANGE current pricing:
Bid: 1 HBC = 0.000317 BTC
Ask: 1 HBC = 0.000317 BTC
CoinMarketCap Value:
1 HBC = $3.64 USD
1 HBC = 0.000308 BTC
At a 220% internal markup, you're $100 in "profit" is actually $45!!! You get screwed even if you want to trade internally, much less externally.
Is this going to be corrected, and if so, when? It is IMPOSSIBLE to convince any thinking person to Lend when they do sixty seconds of research and realized they're going to be screwed the moment they actually try and use/withdrawal any profits.