If we lower the HBD interest rates then some percentage of people holding HBD for the high interest rates are going to decide that holding HBD at lower interest rates is no longer worth it. They will IMMEDIATELY dump their HBD, which in turn will IMMEDIATELY drop the peg under a dollar, which will IMMEDIATELY financially incentivize the network to convert HBD into HIVE, which will then IMMEDIATELY be dumped on the exchanges and lower the price of Hive. See how that works?
Well, a lot of witnesses pretty much decided that this will not happen. I tried my best to help explain why we need to avoid this situation. Millions of dollars could leave the ecosystem.
The reasoning they gave me: "Well, theyre just taking inflation with no effort." so it doesnt matter. Some claim that its even better that happens as idiotic as that might be.
Fine. If you want that amount of money leaving the system, that is your choice. Lets see who was right.
And then ironically during the bull market these same people will be like "let's increase the HBD APR we can totally afford it!" Like... no dude, that's exactly the opposite of what you're supposed to be doing.
Yeah. When up only, make them prefer Hive, down only, still get them to keep money in Hive (HBD).
Few...