When we moved to 20% I wrote a piece on why I supported 20%. I do believe we need to move the APR time to time as it is meant to be variable but that re-evaluation should be done at regular intervals and not jump by 5%. How are we supposed to inspire confidence with a large leap? I do have some ideas towards this and I'll put them down in time. The short of it is I believe in 1% or 2% increments. If you go back and read my old post it mainly looks at it from the promotional perspective and we can't inspire confidence if we show that decisions are arbitrary, or perceived as arbitrary, in any way. You've been around, you know Hive, you know most of the witnesses and the APR history and all that. What about a new investor? What are our B2B merchants supposed to think? The APR at 20% is on the high side, it's true. Should it go down? Maybe. Should it jump 5% at once? No. I respect everyone's decision in this matter but the start and end of it is inspiring confidence.

(We have instant signups, no email or verification, piloted at conferences now btw with the application coming out soon as OS, as soon as adjustments are done)