RE: Hive has officially reached the desperation phase.
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because guess what we were in the bear market when HBD APR was changed in the first place.
Incorrect... I think... now I need to look it up.
It had to have been implemented in 2021 pretty sure.
The entire point of 20% was competing with stables like UST.
https://peakd.com/@edicted/20-interest-rate-on-hbd
Wrote that post in April 2022 right before shit hit the fan.
Hive was still trading at around $1.
So the timing is... interesting.
In any case @dalz has all this information organized into nice charts and things.
It very clearly shows that a high demand for HBD can easily make Hive go completely deflationary and results in net-negative inflation as Hive is destroyed to mint more HBD. The question then becomes okay if we keep printing 20% yields how much demand does that give HBD vs how much do those yields get dumped out to Hive. It's all guesswork, but a lot of the people saying we should reduce yields don't even consider this math or even attempt to calculate or guess at it because "printing money is bad".
So yes, easily easily easily HBD can sustain 20% yields if the demand outstrips the supply. 20% yield gives HBD more demand. There are many other reasons to hold HBD as well, with even more projects being built that will certainly use it. The cost of 20% with the current 7.5% debt ratio results in the Hive network only having to pay 1.5% of the Hive market cap to sustain 20% yields on HBD. Is HBD worth 1.5% a year to the Hive network. I would say this is obviously the case. Things could change if the debt ratio goes higher, but for now it's fine, and there is a hardcap at 30% haircut.
This should genuinely be looked at when considering HBD APR. https://peakd.com/hive-167922/@lordbutterfly/re-bitcoinflood-rzywcu
But lets see what he has to say. Maybe he responds.
@lazy-panda would you please share your thoughts if the high HBD APR was a factor in you choosing to place your capital into Hive? What do you think about the witnesses discussing a reduction in HBD APR and how would that affect your future actions. Would it? Do you think we can attract more investors from, Steem for example, by maintaining the high APR?
as the debt ratio is still under 10%, it will be definitely wrong decision if APR is cut down by 8% or more...
Appendix : Not only from Steemit, but, I guess a lot of investors and traders from different platforms will attract to Highers APR of HBD staking.
Maybe if we could prove the APR is indeed bringing in investors, or some ideas were shared on how we could do it more effectively, it could sway decisions towards maintaining it.
I def dont believe it should drop anywhere near 8% if indeed any APR drop actually happens. Right now we are solid at 20% based on witness feeds.
STOP THE ABUSE ON HIVE
FAKE HIVE POLICE
HIVE IS DEAD
HIVE IS ONE BIG FARM
!LOL !WEED !MEME !GIF
https://hive.blog/hive-104387/@bpcvoter3/se19g2
Downvoted BY HIVE FARMERS
6 days ago in #life by slobberchops (81)$0.00
Reply 3
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[-]bpcvoter2 (-5)(1) 4 days ago · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED
https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb
https://www.publish0x.com/the-dark-side-of-hive
https://www.reddit.com/r/stoptheabuseonhive/
https://peakd.com/hive-164833/@bilpcoinbpc/you-have-all-witnessed-this-account-being-downvoted-to-a-negative-reputation-for-no-reason
SHAME ON YOU ALL SAD PEOPLE WHO SCAM LIE AND FARM HIVE AND HIVERS
[-]acidyo (82) 3 months ago
Haha at "I shouldn't make commercial" :D Maybe something to worry about when you have more youtube subscribers! Quite interesting content though, these things should get more subs on there and here.
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[-]gogreenbuddy (67) 3 months ago
Yeah thought that was funny too
$4.54
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gogreenbuddy: $4.47
acidyo: $0.06
holbein81: $0.01
koleso: -$0.00
https://hive.blog/life/@gogreenbuddy/i-had-to-give-up-on-my-gabion-fencing-too-much-work
@themarkymark @buildawhale @upmyvote @ipromote @gogreenbuddy @usainvote @punkteam @makerhacks @apeminingclub @leovoter @blockheadgamds @rollingbones farm @cwow2 @solominer @steevc @adm @abit @theycallmedan @dalz @abh12345
HE MAKES CURATION REWARDS WITH ALL HIS ALT ACCOUNTS BURNING TOKENS LIKE THIS DOES NOT TAKE OLD TOKENS IT MINTS NEW ONES AND BURNS THEM
https://hive.blog/hive-167922/@bilpcoinbpc/the-power
https://www.bilpcoin.com/hive-167922/@bilpcoinbpc/the-power
https://www.bilpcoin.com/hive-167922/@bpcvoter1/response-4-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts
Reply 2 to @eddiespino
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cwow stop the drink and drugs
Stop supporting the fake Hive police who do nothing but exploit Hive
Many people on Hive will never get to spend any of their Hive as it may become illegal in certain countries
In fact my recollection is that neither GTG nor Ausbitbank mentioned any of this at all, but instead said it made Hive 'look bad', which is why they were reducing the rate.