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RE: Signalling for 20% HBD interest
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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0E-8 BEE
IMO 20% too high for a three day lock. Happy to advocate for it temporarily to give hive best chance to meet its potential. But the sound thing to do is advocate 20% for a 6 month lock in. 3 day lock in at say 10% is better. (Obvs tech is not yet built for that).
Partial btc backing (say 1 mil worth of btc, 5-15% market cap) imo is great thing and will help bitcoiners view hive as more of a side chain than it already is. It’s essentially a hbd / btc liquidity pool that the hive chain printed up the liquidity for. I think it shows hive is very capable chain. Not many other chains could make that type of a power move
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