RE: RE: Long Term Goals for HBD Changes (AMM/Bonds Commentary)
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RE: Long Term Goals for HBD Changes (AMM/Bonds Commentary)

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We need more cat pics and memes

Carving out a place for mainstream social media is fine by me... but I view Hive as far more than that considering the utility of an immutable text database. Does a cat video need censorship resistance? Does it need financial incentive to keep the party going? Maybe I guess. Maybe not. There's a lot of shit we need to do off chain on potentially centralized systems.

You say we need liquidity instead of savings accounts.

What I have really been saying for an age now is that inflation is an investment and we can print to infinity if the investments are good. We don't have to choose between savings accounts and AMM. We need to verify individually that savings accounts and AMM are independently profitable. As I already pointed out the savings yield can still be used wisely to create market elasticity. And AMM can pay for itself with trading fees which is the zero risk option.

@edicted: We need more | Ecency