To tell you the truth, this whole debate seems absurd and arbitrary to me... 20% APR in HBD hasn't hurt us at all and I don't see it going to do it... Why change things when they are going well?
I also don't understand why 15% is better than 20%.
The only thing that is needed in HIVE is more marketing and less touching the parameters of a blockchain that works like a Swiss clock. And I'm sorry, I also do not have a solution to improve the marketing of this project since I am not a professional in this regard. Still, I hope that, at some point, someone is and does it but for this, we need more visibility and more exchanges that include HIVE and HBD.
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The "Hurt" comes from less people holding HP and therefore less people to vote within the Governace.
Right now Governace is sacrified for fast profit. Lowering the HBD Apr might people to stake more HP and join in the Governace :D
I don't understand. Why do we need to fix something that is not broken?
HBD doesn't even have utility yet, other than the 20% APR.
Your assumption is this:
But my gut feeling says people will just cash out their HBD to fiat currency HBD -> HIVE -> USD
rather than power up HBD -> HIVE -> HP
They are already doing that, so what is the difference? They are just doing it slowly now on a month to month basis
Not really, from what I've seen liquid HBD seems to be in decline. If they were removing HBD from savings each month, wouldn't liquid HBD be going up?
If liquid HBD is in decline, is that because people put into the savings account? Convert it to Hive or pull it out of Hive??
Data suggests, they are put into the saving account since savings and accounts that hold HBD savings are growing.
There has been only 1 million HBD getting converted this month so far, but I believe that data includes conversions done by the stabilizer.
Do they cash out ALL of their HBD in their savings now on a month to month basis?
Even if they do, it still holds my concern that the assumption is not correct. Assumption that they would put their HBD into HIVE then power up to HP.
Ohh, ye everything is quess-work. We have no data on what would happen :D
or not
Or not to people holding less hp or to governace?
Or to lowering the hbd??
Such a nothing answer xD
When you use the word "might" you are saying to yourself that chances are "governance" won't be impacted either.
It is only a possible remote benefit.
We have a visibility problem, the experiment of having 20% APR has not worked because we are not visible (THERE IS NO MARKETING) but it has not harmed the HIVE Blockchain economy either.
Everyone is speculating about something that "could" happen but doesn't and I doubt that anything will happen but, going back to the topic, why can 15% be better than 20%? And why not 0%... everything seems very arbitrary to me, really.
Ofcause I use might because we don't know yet, we don't have any data.
0% APR might also be better, but again we don't have any data on that either.
We know none of these things :D
We don't know what will happen if we continue to have HBD at 20% either.
It is all guess work :D
I don't know if it will me more governace or not. No clue :D
hahahah!😂
ok! so you are aligned with my opinion too.
Look, I have lived myself many changes (I'm here since 2017) and my experience has not been so good every time someone decides to change parameters that work well.
If the intention is not to exceed the debt limit of 30% then we still have a lot of margin!
or am I wrong @dalz ?
Well as the numbers shows we are at 7.5%, so we literlay have 22.5% more to go :)
Although at 20% we have some changes taking place already, as less hbd for author rewards, etc ... the 20% to 30% is antransitional period...
Yes! We have no idea xD
I am just converting all of my HBD to Hive, because I can get a big trading profit if Hive stays at these prices xD
I have also been here for a long time, no matter the changes we adapt :D
We can also be objective and say... Why 20% is better than 15%? 🙂
That!