It would just have to be based off the historical data really. We know what the range has been and then extrapolate that out to extremes to cover moons or crashes. If it was varied by algorithm instead of whimsy it would create a bit more stability from an outside perspective and for those of us who use the savings.
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yeah it would have to be based on very long averages... potentially even four years long to account for an entire cycle. we'd need to figure out standard deviations and adjust based on the volatility. Unfortunately I only took stats 101 in college and that's it :D
But this feels like a potential. The APR is low hanging fruit compared to the other issues the chain faces and it there is no reason to leave it in the witness's hands when we have the data available. Maybe @arcange has the skills to pull the data from the chain? But then there is convincing people it should be coded in.... Hmmm...
pretty tough sell to go to the witnesses and say "hey let's take your power away you're bad at this" lol
would make a lot more sense to create the algorithm first and see if we can get witnesses to adopt it one by one before actually hardforking it into layer zero
might even be better to leave it off the base layer as a suggestion to the witnesses so that if there's a problem it can be fixed manually
It would have to go thru the sand box for sure. Thankfully there has been better use of testing as time has gone on. I'd just REALLY love to see this be a standardized formula so we have a constant. And I have zero coding ability so this all comes down to convincing others to do the work... DAMN IT JIM!