I don't agree with a sudden drop. I believe any sudden change in economics can lower the confidence of the investors and users.
This came up months ago and I suggested to do a coordinated lowering like 1% per month or two months. Which needs announcements to let the community know beforehand.
Do I agree with lowering at all? Depends. We are spending 2 million dollars a year from DHF and we don't do any marketing. We could buy Steemit inc. back with this type of money.
The initial idea was to market HBD and get more users but we didn't do any of that. Because nobody cares.
I would agree with lowering the interest rate slowly because still nobody cares about marketing.
It doesn't matter though. It won't make any difference in the market. The market is going to go down anyways. If you don't grow, you decline.
I'd totally support changing it 1% a month
Fully agree with you but still I don't understand why lowering. Lack of marketing is the issue not the interest rate
What would you prefer? Run HBD up to the 30% debt limit as fast as possible? And then what? Keep it at 20% or lower it to 0% then?
I don't get your question, What I'm telling is that I don't see the problems of maintaining at 20% exactly now
I understand that you want to keep 20% for now.
My question is: when you would consider cutting the 20%.
One inflection point is when we reach the 30% HBD debt limit. You might have different ideas.
I would not wait till 30% debt limit, I would do something when reaching 15% maybe but according to https://www.hbdstats.com/, in one year we have passed from 4.75% to 7.15% which does not look so problematic...or am I wrong?
I don't think it is a question of being right or wrong.
The question to me is: what is the purpose of 20%? Are we handing out free candy or is there a win-win somewhere?
15% HBD debt seems like a reasonable figure to have a serious debate about where HBD is. In fact, I would have preferred it if the debt limit hike was to only 20% to begin with, and then to reevaluate.
It is clear to me that the reason for having a 20% APR was to be attractive to new investors. Our problem is the visibility and not the sustainability of the blockchain.