20% was not a lot, if you count how much money you will loose on covert from fiat to HBD and back. There is NO liquidity. So how many new people will be interested with it if they will have to keep a year or 2 in HBD savings just to break even?
Adjust your vote for witnesses accordingly.
how do u buy hive with fiat? losing 20-40% in fees doesn't sound good
USD -> BTC -> HIVE -> HBD. Each step at least 1-2%, sometimes even more. So we are talking now about around 10% just to one side. The same is backward. Now, with 15% APR it took over a year to break even.
And there is no any warranty that tomorrow witnesses decide to go with 12 or 9%. The risks are too high to interest new users to the platform.
If witnesses don't care about bring new users to Hive and just to get their rewards - they should be voted out.
@acidyo add there USD inflation is about 10% also. And you'll get that there is no sense to use HBD saving.
You can't throw USD inflation in the mix when no banks/web2 offer you any good interest rates to match it to begin with.
I dunno what exchange you're using, but most have 0.075-0.2% fee per trade and hive to hbd is free not counting slippage/price movement.
you're talking about exchange fee only, I'm talking about the price spread too.
Converting USD -> HBD you'll see a lot more than 0.2% as a result
Yes I said it can be up to .2% fee per trade but I think it's farfetched to say you need 1-2 years of 20% apr/higher apy to break even
I was told about new %15. If you'd like, I can show you based on UAH (Ukrainian) fiat how easy you'll loose that %15 if convert to and from HBD.
I'm sure the situation with other currencies are more or less equal.