I think we can afford 20% APR but also the same arguments as to why keep it at 20% to me are valid to keep it at 12% for example (the value blocktrades is signaling for)
Changing the APR PROBABLY won't have any significant effects positive or negative because the HBD in circulation is low. Keeping it at 12% is still high enough so that within a few years we will have significantly more HBD in circulation, but low enough so that it doesn't sound too good to be true.
It is expected that markets start lowering interest rates soon. 20% APR may attract users, but if we can't keep those users because of HIVE and Hive, then we are not doing something right.
Anyways, developing of Hive infrastructure, apps and functionalities keep going. We never stop working on bull or bear markets, that is what I am impressed about on this blockchain.
Now, in regards to a hardfork, who is stalking about a hardfork and for what reason?
Blocktrades has been signaling for 12% HBD for over a year since before we even increased it to 20%.
I think you're underestimating Hive's low liquidity.
If even 10% of all HBD gets sold Hive's price is going to take a big hit.
Not just from the $800k that got dumped but because speculators will frontrun that dump as well.
Yes, that is a valid point.
You raise valid points. Don't you think we were greedy to raise it to 20% as fast as we did?
I refused to go for 20% and left my signal at 18% because it felt too rushed. Now that there is talk about reducing I am going slowly too and I hope we reach a consensus for the long term and focus on development.
About liquidity, not only the APR can cause that. At such low liquidity, low volume and low market cap we are subject to speculation "attacks" for any reason whatsoever, but what keeps Hive safe un my opinion is because apparently (and that is a gut feeling) the biggest investors are developers and real believers that have stayed here in the biggest ups and the lowest downs. I respect the small investors that may panic sell but I have a feeling that the big investors are here to accumulate assets and build the network over time.
I am biased because those are the kind of people I met on Hivefest and I am that kind of person. I didn't meet many speculators that are on Hivejust to make a quick buck, the people I know would move their assets around but try to make Hive work one way or another
Yes it would be much smarter to test out 18% then 15% then 12% rather than jumping straight to 12%.
It's actually a huge oversight that I didn't mention it in the OP.
It never should of been 20%. Now people are making plans in it being permanent which is insane because it is not. 20% was way to high. I obviously have taken advantage and put HBD into savings due to it but it wasn’t a good move at all.
We are not resisting censorship enough. Hive has driven off thousands of high quality creators through opinion flagging, and that is one of the primary reasons adoption is low, and retention is worse.
Thanks!