Im sorry if Im wrong about anything I mention on this post no intentions to tell others what to do, after been on Hive only for 1 year I do agree with many of your points at first only saw HDB as passive income now days I would love to get paid and be able to use HBD on a daily bases but thats not happening anytime soon mainly because crypto adoption in Panama is terrible, I have seen this idea going around but I think it all goes back to Layer 2 projects they have to be attractive enough so Hive can do 2 things, first eliminate Hive reward pool and second lower down HBD APR and move all this reward system to Layer 2 projects and let Hive as the base token for governance with a very small APR, down here banks pay 7% annual interest if you have an account over 15k and its fixed into your account, 20% I dont think is that crazy for crypto but I also agree that curation APR and Hive APR makes half of that but then what other attractive are for ppl to stay on Hive? its a problem I dont have the answer for because how do you make ppl stay? they all get in for the easy rewards and to make it on Hive is not easy at all, when they see 20% in 12 months thats nothing for crypto most will think, ppl only vote for your posts because of you staying active so at this point in time I think we need to demand more from layer 2 platforms to build things attractive to users and eventually all this APR from Hive and HBD can be lower down drastically and let this projects do their thing
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Centralized projects that use the Hive reward pool as a crutch
kill what makes this blockchain different from others
rn its true, little innovation and use the reward pool as their backbone, same as many accounts that sell what ever they get but can we depend for ever on a reward pool? how can we make it more attractive for new users and sustain the price of Hive without them just dumping what ever they get from the reward pool?
It's difficult to answer, normal people will copy memes, plagiarize, spam or simply sell anything that earn and for that they will be chased until they abandon the blockchain. That's why I think they even make it difficult on purpose to register.
The idea of going to the second layer is good, but the problem is it devalues the HIVE blockchain (in my opinion)... The right thing would be for everything to happen in the first layer, but the problem is for the community to reach consensus on something (perhaps this is where the second layer will have an advantage because it is centralized).
You'd loved to get paid in HBD so that you could put it into Savings, am I right? ;) Or would you then spend it? A currency needs to circulate, when people just save it, it turnes into an asset.
I am happy when people discuss my posts, as long as they discuss fair. Also, I'm open to any opinions. I am quite unsure what the right interest rate should be. Off the top of my head, I would suggest something like 3-5%. But there's no research behind that.
The interest rate for HBD should be set at 12%, aligning it with the combined returns from staking and curating on Hive, which is a balanced approach. Currently, curation on Hive averages around 9%, and when adding the 3% from staking Hive, it sets a reasonable benchmark for HBD interest. My initial investment in Hive was made well before the increase in HBD interest rates. Had I been aware that HBD interest rates would surge to 20%, my investment choice would likely have been HBD, given its undeniable appeal at such a rate. Now, I find myself waiting for Hive's value to increase so that I can switch my investment to HBD, hoping the interest rate remains at 20%—an ideal scenario.
Thanks for your personal view. I believe the HBD interest rate should not match the HP one, but that is just my opinion - from my point of view the people who actively help the network grow should take more profit than those who simply stake HBD. And staking HBD should definitely be less appealing than using HP on a daily basis.
Aligning the HBD annual percentage rate (APR) with that of HIVE could be a beneficial initial move. Although HIVE is fundamentally the cornerstone of this platform, there appears to be a disconnect between the platform's major stakeholders and decision-makers regarding its value, contributing to HIVE's declining price. The establishment of a 20% interest rate for HBD seems to correlate directly with HIVE's downward trend. A more tactical approach to managing the interest rate could also support HIVE's price, especially now, as we anticipate the start of a bull market. Lowering the HBD rate could redirect investments towards HIVE, potentially drawing in more investors and ensuring we capitalize on the bull market. I believe that without halving the HBD rate soon, HIVE may struggle to surpass the 30-40 cent mark, risking our chance to benefit from the upcoming bull market for HIVE.
Sorry for the off topic, but I cannot help myself: Why are you muted by LeoFinance?
One of the people that is in charge there doesn't like me for some reason.
I would use it to pay for things, fee less, no down time, transparent, cant be censor, instant and also I would not have to black market my way into crypto every time I want to buy more crypto
Then you'd use it as a currency. That's great! :)