Anyways, $1.5 million is quite a lot of money we’ll have to give away

Compared to what?

$1.5M is a very small amount.
At the current level that's only 1% of the Hive market cap.
Tiny tiny tiny number.
The smallest of numbers.

The fact that you're trying to twist it and claim this is a big number is very suspect.
Do you have any idea how many senior blockchain devs $1.5M would pay for in 1 year?
Yeah they make like $500k a year so 3 devs.
It's an absolutely nothing amount.

You also misrepresent the issue by assuming that Hive even has to pay back this debt in the first place. We don't. The demand for HBD is growing. 20% yields help it grow. If HBD grows 20% a year then we NEVER have to pay back the debt. Ever. You also haven't calculated how much true value USD declines every year due to inflation and the CPI. USD going down in value means the debt is worth less, meaning we have to pay back less.

Also bringing the whitepaper into this is ridiculous. Not only does it not matter what the whitepaper says (it's a document designed for bootstrapping the network at day 1) but also savings account yields have existed forever. We didn't add them after the fact. They are in the whitepaper and you've just ignored it. So shady.

The only one thing you got right here is to point out that our debt ratio is 7%. Yep, that's the only thing that matters: making sure the debt ratio isn't volatile. Which is isn't. 7% is low.

Here's the problem:

The bull market is going to roll around and number is going to go up, and then all the people like you who were talking about reducing the HBD yield are going to go away because that's the real reason you're making the argument: greed. Number go up. This is ironic because the bull market is the EXACT TIME we need to be reducing the APR to pop the debt bubble before it gets too big. There is no bubble to pop right now. Stop pretending like there is. It's tedious.