I thought I'd reply here and return the compliment you gave me by leaving such a thorough comment on my own post about this topic, instead of just replying inside my post.
I call these bear market ideas,, and they should never be implemented, ever
In yesterday's @crypt0holics - the best and most popular show on Hive ofc - episode I said something along these lines, we should never make such big changes at times like these, they are desperate measures that never end well - like calling your ex at 2am after the 13 tequila shot. We're around the 27 shot, we're not fit to make decisions like this one imo. Let's wait it out until tomorrow when we are fresh and new.
My post from yesterday as trying to give ideas about what could work better than the proposed APR lowering, but I did stated at the beginning of the post that I was against this change.
By the way, I didn't feel like you were trashing my ideas. I actually would prefer to keep things the way they are, but I felt like giving other options to those in charge so that maybe they consider not lowering the APR. Those were the best ideas I got hehe.
Now that I'm done with replying to your comment from yesterday I'll get to the actual context of your post, sorry for using your comment section's clout to reply, kek.
Please stop pitching these ideas: they hurt our reputation and will almost certainly have the opposite of the intended outcome.
I agree. Setting the APR at 20% and using this as a selling point or value proposition for adoption, and then just changing it without really having done any impactful marketing and trying to spread it far and wide (I understand there was an agency involved but that didn't brought much results) sounds like a bad plan. I never really thought of the perception outside whales would have from a blockchain that makes this kind of changes during this part of the cycle, but you are right, or at least sounds like you are.
people holding HBD for the high interest rates are going to decide that holding HBD at lower interest rates is no longer worth it. They will IMMEDIATELY dump their HBD
Heh, manofculture.jpg - I actually said this very same thing in the most recent vid you were listening to, before even reading this post, dunno if you caught it, but this is correct. IF HBD stops having such yield, it's not like holders will say "oh well, no more 20% I guess it's time to buy hive and power it up"; no, they will move onto another stable that yields better or that their granny likes more. My Stablecoin funds are separate from my investment funds, and if even my rookie ass knows this, every other investor will do the same. HBD and HIVE are not competitors to each other, I assess HBD, USDC, DAI, BUSD and USDT and then decide what to get for my stable bag. I then compare HIVE with RUNE, SONNE, ARBIRTRUM and then decide what to put in my investment bag. Then I assess my degen bag ofc, I had to mention it. But HBD and HIVE are not taking potential bags from each other and to think that the 20% APR from HBD is taking away potential investments from HIVE is well, I don't buy it, let's just put it that way.
Btw, wen magitek
RE: Hive has officially reached the desperation phase.