And powering up reduces liquidity, correct? So, the full proposal to not only reduce the HBD APR, but increase it for HP is a double whammy?
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And powering up reduces liquidity, correct? So, the full proposal to not only reduce the HBD APR, but increase it for HP is a double whammy?
I just mean purely liquidity for HBD.
Right now it is impossible for someone with even tens of K USD to move in/out of HBD easily.
The liquidity just isn't there.
Meaning it can be as safe and decentralised as it wants, but its useless
But HBD is printed when converting it from Hive to HBD I thought, so you'd need the liquidity in Hive?
Ah yeah, I'm not 100% sure on the technicalities required to achieve said liquidit.
I'm just not smart enough from a tech point of view to get my head around it... and the Hive elite make me feel like a moron whenever I try and engage.
Well, if I'm right they are the morons
It just needs to change or we slow grind to zero as the rich (those same Hive elite) get richer and slowly dump it all.
It won't because few of them blog or anything else and simply consider themselves #investors. They'll always do what's best for themselves. That's why an #Oligarchy is bad and Hive isn't #decentralized.
Hive is decentralised enough that the middle class can put people in the top 20 that will push back.
You underestimate the average human's complacency
But the safe, decenralised and untouchable nature of HBD should be what makes HIVE a bazillion dollar market cap.
It should be everything.