I think the safest approach is to have it be a variable the witnesses can set. That way, if things look bad, it can quickly be changed back without a hard fork to revert to a new %. Similarly, if 30% is not enough, it can be adjusted higher. This approach would allow blocktrades to make the changes now while the community has a discussion on the best percentage, which then could experimentally be determined through trial and error.
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I would disagree on that being handed over to the Witnesses. It is a fundamental premise for the stability of the currency, hence the blockchain. To make arbitrary decisions is risky in my opinion.
With it requiring a hard fork, this is something that gets discussed and requires some planning. We can see if it is valid or not while also analyzing the downside.
As Smooth mentioned, there are some things that the witnesses can do to alter things if need be.
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That’s true. I might not fully understand how the stability would be affected.