Quote from: AllYourBaseRBelong2Us on January 22, 2018, 02:51:36 AM

Quote from: SGTClifton on January 22, 2018, 01:57:43 AM

Quote from: AllYourBaseRBelong2Us on January 22, 2018, 01:21:59 AM

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.

You should probably research a little better before writing an entire paragraph about a platform... first the price isnt always half what the market is...it fluctuates between $7.90 and $8.14...secondly you arent losing money Ill lay it out for you.

1. If you today invested $5000 worth HBC that would give you at current market value $3.60 each approx 1,388 HBC you then transfer them to lending and HBC will give your 1388 coins a value of $8.14 for lending purposes that means you are now lending $11300 which puts you in the highest bracket. You then Wait 24 hours and receive your 1st payment which is avg of 0.015% thats $169 of the $11300 (BUT remember your actual investment is $5000 dollars) so we transfer the $169 you received and you get 21 HBC you then sell them on the exchange for $3.60 cents (because you never sell below your price entry point) and you make $77 dollars...far short of $169 yes but the math on your actual investment is this $5000 x 0.015 = $75 so you are making 0.015% on your real investment.

Dont come on here trying to call this platform something it isnt because everything they have advertised has been the case.

The only people who can complain about the price not being synced are those who invested higher than the $8.00 point which are the early investors.

You have now been discredited BUH-BYE

So, assuming this is accurate (and assuming you can respond like you're not 12... "buh-bye"? Really?), WHY on earth does HBC do it that way, artificially inflate your lend value only to artificially deflate your profit value, even if it does net out close to the same at the moment? The fact that HBC arbitrarily (seemingly) sets/adjusts the internal exchange price in a way that is not consistent with market value is a hell of a thing to explain to a potential lender/investor...

My best assumption is that they want to offer incintive solely to lending as that is where the greatest profit for everyone comes from...I see it as an opportunity to lend hold all the of the profits in dollar value then transfer them to BTC once price hits $8.00 it allows the company time to build on its current infrastructure. I do not see any type of deception with this other than the ticker makes an investor feel they are making more than they are. Which I get it psychologically you fee youre being cheated and maybe the devs should have came out and said they wanted to offer incentive etc...apologies for being childish I am passionate about this project and have a good sum tied up in it and dont like bashing much