If investors want more options, why not utilize that savings account option that sits idle. Change it so if someone decides to use the savings account, they get a higher interest rate.
This would be so easy and I've spoken to it many times. All we have to do is take the 15% interest given to stake holders and move that inflation to the bank accounts where they belong. It's the obvious logical move.
Right now we get less than 2% interest on our stake from the 15% of inflation feeding into that interest. That <2% interest would skyrocket to a huge number if applied to the bank accounts, because no one uses the bank accounts. Moreover, money that moved out of stake-holding and into the bank accounts to capitalize on this huge amount of interest would give all the existing stake-holders a stronger upvote.
It would basically be the same thing that SteemEngine does via virtual mining.
It's a win/win for everyone.
So what are the arguments against this?
I haven't heard any, but it's a huge task in itself simply to move around our inflation like that. Things tend to stay the same around here unless they have a huge majority support from the top stakeholders. I think a lot of top stakeholders haven't even considered this as an option yet or even heard about the idea.
@blocktrades @theycallmedan
It is the obvious move. But I saw a post that wanted to reinvent the wheel to get there. And because the inventors of a new wheel don't know much about the entertainment business, it appears as if they want to fuck us. Why is the artist making sense? What's going on here...
Lol what? Really?
They are trying to scrape off a cut for themselves?
Classic them.