1% fee for HBD conversions seems reasonable to me. In my opinion, it should not be eliminated.
As in terms of growth, we are getting there slow and steady, no need to rush and burn.
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I would say at some point it can be talked about in terms of elimination. A lot of Hive's defenses are enhanced by size. However, we dont have it now.
At this point, dropping it a bit might be a better option. I have no idea what that will require though.
There is a lot to be said for this mindset. While we are all impatient, building something sustainable does take time. We have a number of issues to work through and they are not going to disappear overnight.
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It should be there but maybe changed so it would not require an HF to adjust. Like the HBD interest rate, witnesses could signal the fee rate.
So in case of an attack, it would be another tool under the witness's belt. If it all feels secure, they can drop it to 0 or close to 0. If the chain is threatened they could hike it up to 5% or even more.
It seems like a reasonable solution, but I haven't given it a deep thought.
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You bring up a good point. Witnesses having the tools when a threat is there is what is really crucial. They might not have to be in place all the time. With the situation regarding Elon and Twitter, perhaps a poison pill of sorts. The Witnesses can defend the chain if the attack shows.
Of course, that is if there is time. That is one thing some of the latest additions did, provided time. Like the 30 day lock before powering up gets governance. A big move can be addressed.
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