This seems like it's on the money.
The "Bond" market (HBD) and the "Stock" market (Hive) are two vastly different creatures, drawing vastly different people.
But investors and users are also two vastly different sets of people. The challenge we seem to often face around here is that everything gets muddled together like every potential new Hive user is ALL of the above. I suppose they could be, but most aren't.
Does the 20% rate "work?" For personal perspective, I know I have started to save a little of my liquid HBD rewards, rather than cashing it all out to buy groceries and electricity. Even though I can ill afford to not grab every penny. If the rate on HBD were, say 5%, would I save any? Would I power up, instead? Nope; I'd be using it to pay a little extra on credit cards.
Hive (as a "concept") does need to start DOING things. Fiddling with tokenomics isn't "doing" things. We need more things like Splinterlands; we need use cases like actual ecommerce, conducted in the native currency. Overall, we need more emphasis on what you can DO on/with Hive, aside from just "Hive." The crypto industry is growing out of its infancy to where simply saying "decentralized blockchain with a token" isn't a selling point, in and of itself.