Curation rewards can reap ~23% ROI. This also deranges curation by substituting pecuniary interest for the subjective values by which people judge great content. Folks that have very high interest in financial returns can forego all the work of calculating which posts will pay the best curation rewards and just park their stake in an HBD savings account and get nearly the same return. This also removes their stake from voting for governance by voting for witnesses. Every bit of their rapine financial interests that can be prevented from impacting curation and governance benefits Hive by reducing their derangement of curation and governance by the amount they park in HBD savings. This makes the rest of us have more influence on curation and governance, which I think is very beneficial to Hive by reducing the rabid focus on profiteering in those areas.
I'm greatly in favor of 20% interest on HBD. Every HBD collecting interest is a win for organic voices on government and curation.
Thanks!
I think you are neglating that we earn our share by working, while they earn their share by purely investing. A stable coin has also much less risk than hive itself.
I see your argument, but just because whales normally have rather deranged voting patterns does not mean they have the right to milk the blockchain passively.
I recently reblogged a post I think will make a lot of sense to you.
https://peakd.com/hive/@khrom/why-downvotes-contradict-decentralization-a-mathematical-perspective
I don't disagree with you about rights. I'm just trying to find a way forward from where we are that ends up with a vibrant Hive platform and happy community.