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RE: Signalling for 20% HBD interest
I would expect the 20% to be tapered back eventually. High interest like that should be available to long term stakers. I hope u continue to advocate for that task. But for now, temporarily we propose 20% for three day lock in, based on us actually building out the staking system. 20% Apr should be for 6 months stake locked in. Not three days. Hope u continue to push for that task.
Now we just gotta get a proposal out to get hbd backed by 1mil worth of btc and make sure that there is a guaranteed hbd btc conversion from a btc multi sig. that plus tipping hive content with lightening (which BoL has essentially completed ability to integrate into other front ends by API) puts hive at the front.
Our witness @threespeak will move to 20% Apr temporarily on the basis that we build longer term lock ins and btc backing
Certainly I will keep pushing for time locked levels within the Hive savings program. However, I disagree that 20% is high interest considering we need so much of it to be created. This is something that can easily be offset by growth within the platform. Just think of how much HBD is going to be required to conduct $50 million in commerce.
As for the backing of HBD by BTC, why do that? Why try to use collateral for HBD when that should be the collateral? There is no reason to hand that role over to Bitcoin. It makes no sense to me.
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Yes I don't think anyone would suggest it be "permanent"
It is very important to make clear at all times that witness-set APR is variable and can change at any time. When the cost of interest exceeds the value of promoting the chain (either because the former is too high or the latter too low or seen as diminishing returns) I would expect it to be reduced.
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