I hope it will work out that way, at least to some extent.

I doubt it will stop autovoting much, but it should at least eliminate the financial advantages of autovoting. So that's something at least.

Interest rates are set by a process where the witness vote on the rates. So it's up to the witnesses to decide to react in such a case.

HBD actually means "Hive-backed dollars". It's named that because the blockchain backs the value of HBD by being willing to pay one dollar worth of Hive for one HBD (except in the stress case

It's a couple lines of code change and we'll have 1.5 months to check for bugs and make fixes before the hardfork hits. If we find any bugs during that time, I think the overwhelming odds are it will be

I don't think of it as a failed experiment. I consider it more of an unfinished project which was simply ignored by Steemit. There were obvious ways to improve it, but it simply got no attention in spite

The addition of savings account is a useful feature. So is account recovery. And they were added in part to address some of the shortfalls associated with a blockchain account versus a traditional bank

Savings accounts were created to enable users to hold their funds more securely, yet still maintain a near "liquid" access. 3 days is quite short: it takes me that long to move money internationally.

The proposed change doesn't really affect the interest rate itself. I don't think there's any clear consensus yet on what the future interest rate for HBD should be, I was just noting some numbers I've

Yes, that matches what the dev I asked to estimate the task said.

The interest is generated from inflation. The effect of any particular interest rate payment on total Hive virtual supply (the figure which includes both Hive and "HBD if converted to Hive) inflation

I haven't heard anyone suggest increasing the unstaking time for HBD, so don't worry about that :-)

Not having to deal with HBD interest arguably makes things easier on exchanges, not harder. Now they don't have to be concerned about users claiming that the exchange is "keeping" their interest.

I understand your objection, and it's why I made this post. But I should add, it's definitely not an appeasement of any one individual. There's been a number of people asking for something like this for

Yes, we already found that interest is paid a bit differently than one would intuitively expect. When I first proposed this to our devs yesterday, one immediately asked if the change would include

Yes, the interest rate for HBD is set by median of witness votes. It's too close to HF to consider making any change here.

I think the relatively low value for the haircut rule pretty much negates the opportunity for a systemic risk at this time. As to interest rates, they are set by votes of the witnesses, so if there was

I don't expect it to reduce the number of HP holders. If I had to speculate on the most likely impact, I would guess it might encourage some HBD recipients (e.g. rewards from posts, etc) to stake the HBD

The entire amount specified is unstaked at the end of the 3 days, there's no intermediate payouts.

As mentioned, the current interest rate is essentially meaningless relative to the current volatility (to traders who currently speculate on the rather meaningless of HBD once it goes much over $1 on the