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RE: HBD Interest now 15%
should we vote for other witnesses instead ? to get the 20% again ?
0.00004872 BEE
You are viewing a single comment's thread:
should we vote for other witnesses instead ? to get the 20% again ?
If that is all you are worried about is the 20% APR and not the actual inflation issues that it causes and the negative effects on the price of Hive to keep it at a 20% inflation rate, then sure, move your votes. But it's been too high for too long and is not sustainable unless the price of Hive goes up, which it is not. It should be closer to 5% in this bear market.
Damn, this dude is logical AF!
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Well since i don't follow the financial part of hive , it's jut a question if that is the way to go or not .
And since Steve has a better eye on those kind of things then me , and brought this up it only seemed like a question that manny others would wonder ;)
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I’ve definitely had my fair share of gains during the 20% time…if it’s hurting the overall standing of things here, I’m ok with letting it roll back. I use Hive more for memories and socializing, not so much as a source of income so the change is fine with me.
I think the concensus among the witnesses has changed that it will be lower in the future because we are very close to losing the peg anyway. But yes, 3 more witnesses are needed in top 20 for 20% rates.