20% give an opportunity to small users to growth financial and in HP if they want (using the interest to buy Hive and do power up).
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20% give an opportunity to small users to growth financial and in HP if they want (using the interest to buy Hive and do power up).
I don't really understand the logic here, it gives any users the same opportunity, % is %. Small users earn a lot more for something like posting for instance compared to large users that either don't post or post rewards are tiny compared to hbd or hp earnings.
large users (a lot HP) are less incline to use HBD Savings, small users use the HBD to see his incomings grow, but hey, witnesses will decide and people just following up that decision as allways.
We've seen accounts like newsflash sell all of their HP to idly earn 20% HBD, another big account is lazy-panda with 1.1m HBD. Many regular smaller users don't even place HBD in savings, reward distribution of the 20% HBD inflation is way more skewed towards whales than regular users compared to HP from what I've seen.
The main theory behind 20% was to attract investors into our ecosystem, so even the main point of it was to attract bigger whales and it didn't do that much. I just don't get your point that lowering the APR goes against smaller users.
Well we have different opinions, however I am not witnesses or am a whale so I don't have influence and I will to accept the result.
But:
That way you make sure small users are the beneficiaries equilibrating the map of power and getting there chances to grow.
*I don't be sure if technically is possible
You can't complain about HBD APR decreasing suddenly when it also increased very suddenly. I'm almost sure it's going to decrease at a slower pace.
About the HP APR, that's a different discussions, while at first glance it seems like it would centralize distribution more who knows how many would decide to stay invested or invest more because of it compared to selling it now cause "low apr".
Your last point is pointless cause people can always just create more accounts.
I come active here after the 20% APR, maybe if I was active before I will opose that or just recomending to set an expiring date to it.
About the HP APR, again whales will be the only beneficiaries. If hive go up the selling presure is bigger, not every whale curate, but every whale will see grow exponencially his Hive with a bigger HP APR. If the interes up until 12% is very easy to do power down because the interest will cover that and you will remain with the same amount of HP.
Create more accounts is possible since now, but that have a cost and not everybody will feel the need of do that. You will need to create 100 accounts for get a million with the 20% APR increasing the risk of loosing keys or missmanaging accounts.
Everything has a risk (even get 0% APR), but that last proposal have the lower one.