Under the current system we can rugpull the savings accounts anytime we want
The "we" here means the HIVE community, not some top down "HIVIAN RESERVE BANK". When HBD is pulled from savings en mass, that nice interest rate would have to be adjusted way down. It's not like there's some HIVE dictator is waking up every morning, looking at the numbers, wondering when to pull... sort of like it feels like with fiat.
Yeah good to mention stuff like this.
Witnesses can be removed from power immediately.
Politicians can take years to remove... and their seats can be bought by advertising dollars.
Its even more dynamic than he says because the interest rate on savings is a median.
There is no median result on an appropriations bill.
Good feature of HIVE, removing bad witnesses very quickly. !BBH
via Inbox
IMO the “we” does not include the Hive community even.
That we does not include me at all. I won’t be associated with the word rug pulling anything. Especially not here on hive.
Pls stop using such words and the word we together, like we have anything in common at all on this subject. In this discussion, the “we” is mostly just “what edicted the benevolent dictator would do” and represents little to do with what I would do, especially when using worlds like “rug pull” in public discussion forums.
Witnesses can project forward and control issuance of new bonds each month. Maybe they can even set the shortest bonds APR. Limiting that supply makes ppl compete with each other and gets hive the lowest APR paying for the maximum money flow in.
I agree... rugpull is a very bad word. Thank you for sharing this sentiment. !BBH
via Inbox