It looks like there is a growing consensus to raise interest rates to 15%-20%. That's pretty obvious but what impact it will have is unknown. Maybe introducing the higher rates could be phased in over a couple of months?
The advantage we have is that this rate hike doesn't require a fork and could be reversed fast if it all goes tits up?
The arguments for and against are equally valid risk wise but also both are conjecture. We just don't know.
HBD is looking stable and the mechanism seems to be working well.
I say suck it and see.
We've got a lot of competition from other cryptos offering crazy yields.
Pumping the interest rate on HBD might get us some attention and even raise the price of Hive?
Just have the brakes ready to apply.
I think that's all fair enough - probably 15% would be a sensible half way step!
Makes sense to feed in the rate hikes gradually that way we can adjust if needed. 15% seems reasonable place to start.
Probably this is amongst the goals of this initiation. If other people, who currently do not know about the Hive blockchain, will notice the Hive blockchain, and start using it, then that is a win-win situation for every Hive user, both old and new too.
Exactly. We do have a lot of competition from other crypto projects which offer higher yield albeit a lot riskier.