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RE: Heronomex Pre-Launch the "HERO Billion Dollar Challenge" - Live Webinar (3rd July)
Hero grows, by definition, by 5% APR against the dollar.
Small correction. Hero, by definition, gains 5% APR against what the dollar was worth at the inception of the Federal Reserve, rather than the value of the dollar today. If USD were to turn deflationary at an annual rate of 5%, it's relative value to HERO would level out. Of course, if the USD were to deflate at 5%, the entire global debt based economy would rapidly collapse under its own weight, so I wouldn't count on TPTB ever allowing such a thing to happen.
Yeah, I butchered this sentience, will update the post. Thank you.
HERO is pegged to the value of the USD + 5% APR since the 23rd of the December 1913 which gives it a current price of around $155 USD. so the HERO value is relative to the USD value no matter which direction it is heading.
I will agree the world could not hand a deflationary USD and I'm surprised TPTB let us get this far; soon if not already it will be a hard task to tell millions of people they are not allowed to continue..