There is valid reason to consider the threats being posed to the chain in any moves. We want to consistently keep making Hive more resilient to outside attack. One of the biggest factors is simply size. As things grow (and go up in value), it makes it harder to pull something like that off.
But yes, focusing upon helping the "HIVE side" is also something to consider. We need to incentivize people to want to hold and stake HIVE.
Tossing around different ideas can only help.
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Well, hopefully, we can do this. I guess many will be thinking of jumping into HBD, creating this competing is good. But Hive backs the blockchain and there should be more evidence to show this.
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We only think it is competing because we are rather small and limited in our resources. The reality is HBD opens us up to an entirely different type of investor. This is something that has the potential to pull in a lot of money from the outside.
If that happens, we could see the price of HIVE go up a number of X. This means putting HIVE into HBD to get 20% might end up being short sighted. That is why I am doing both.
Cover both sides. But yes Hive Power is the epicenter for the entire ecosystem.
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That was my thinking, too. All those new accounts will need some HP, or other access to Resource Credits, to operate. Seems to me like a win/win.
I'm not in favour of fees and taxes. One of the great selling points of HIVE is its "fee" less-ness, even if those costs are accounted for through Resource Credits.
Faster power-down plus penalties might be an idea and may attract additional investors who would otherwise baulk at thirteen weeks. Who knows, having got them here, they may decide to stay.
Yep. It all adds up. Each new person interested is going to have to have an account and some HP to even put HBD in the savings.
The blockchain operation is still feeless. Here the fee is for the swap, not to transact on the blockchain. One still needs RCs to do that. If not, no transaction.
It is something many have mentioned over the last few years. Certainly worthy of a discussion.
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Justin Sun wanted to have faster power-downs, that is what you are talking about?
A new Sun like idea?