What I see is that there’s more HBD converted to Hive than vice versa. That does not seem like a growing demand to me. The projected and realized inflation are now levelled, and they weren't. I'd say we actually experience a drop in HBD demand.

Nope, I am not kidding you. The only real argument to support the interest rate on my previous post was that if it was lowered, people will dump HBD and hence Hive. As this scenario sounds reasonable, I wanted to point out that the thing that scares us, the dump, would occur anyways once the interest is lowered below certain threshold perceived as a breakpoint by people who hold HBD in Savings. I did not say it was a bubble. I used the monster-likening as in my experience, such things make the message more comprehensive.

If it is easy to see why people like believe the interest rate is not sustainable and/or fair (I believe it is not beneficial to Hive as a network for several reasons mentioned in the previous post), it may not be that difficult to articulate the reasons for the rate in a comprehensive way and without labelling. Just a side-note: I am not going to dump my Hive anytime soon, quite in contrary. I am happy for the low price as it makes earning my share easier. However, unlike most crypto, Hive is currently under its February 2023 price. It may be due to inefficiency of our DHF proposals (and that’s yet another topic that would need an extensive discussion), but there can be other factors influencing it.