I keep forgetting to mention that I have ZERO HBD sitting in the savings account, so higher yields do not benefit me personally in the slightest. All these arguments are being made with the network's best interests in mind.
I keep forgetting to mention that I have ZERO HBD sitting in the savings account, so higher yields do not benefit me personally in the slightest. All these arguments are being made with the network's best interests in mind.
from the outside looking in , 20% seems to be a ridiculous rate to expect, any saver at any time would be over the moon to lock in 10% interest rate. Risk cannot be eliminated it just goes somewhere else , 20% signals to me that there is risk hiding somewhere in the system and would make me hesitant to park my money
The risk is not hidden, once you know where to look, the haircut rule shout be easy to understand: If the debt ratio grows too high, you are never going to get $1 of HIVE if you convert (and noone is going to buy for $1 on the market).
I believe you are misunderstanding the haircut rule.
That's all well and good but anyone can see we've been at 20% for over a year during the entire bear market. If it was going to collapse it would have done so already. Leaving it at 20% for even longer just proves that it's even more stable than we even thought to begin with. All the red-flag metrics are telling us we are still very much in the clear. Again the whole, "We should change it because that 'sounds right' is not valid in my opinion."
Now the real question is why don't you have at least some HBD in savings?