Unsupporting those witnesses. 20% should be on play for at least 3 more years, then drop to 15 for two years and then drop to 8 - 12 % permanently
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Unsupporting those witnesses. 20% should be on play for at least 3 more years, then drop to 15 for two years and then drop to 8 - 12 % permanently
Why 3 years and why 20%?
3 years is a fair period of time to seduce external investors, if in that time they don´t onboard is not worth keep the 20%. Until now the inflation produce by HBD Savings interest is not significant ( a 3.5% I think)
It's already been a year though and plenty of downward pressure on the markets to sway people into stables but not a lot has come of it.
I'm all for keeping it giving people interest but 20% is a bit too high, in some cases even raising red flags and doing the ecosystem more harm than good. I prefer something around the same as holding HP.
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.
Atention: 3.5% percent of the general inflation, not of the marketcap.
If the inflation is, for example, 1 million, the produce by savings is just 35k aproximately