Photo credits to Google

Earlier this month, top witnesses voted to reduce HBD interest from an APR of 20% down to 15%. As someone who's still relatively new to hive, my initial reaction was dismayed and disheartened by the movement because I'm in this for the long run. Am i too late in the game? My plan of accumulating more HBD for interest earning is now being restructured since i need to have more HBD capital to earn the same amount of interest as when interest rate was still 20%.

Why would people want to lower the interest rate when it would also affect their earnings?

This is the biggest question that came to my mind and out of curiosity, i asked this question to some veterans here in hive to get their sentiments regarding the movement.

"Good question! Well some want to lower it because they care about the future of the Hive community and don't want to see it fade away to become like Blurt with a worthless token value. There are others/insiders shall we say that have a nice cash cow going and want to try and preserve that for as long as possible as it is at risk of ending because they have been milking it too hard." - @mypathtofire (see his blogpost: HBD interest now at 15%)

"The key reason is that those who currently have HBD will begin to convert to #HIVE. That conversion will help the price of #HIVE rise which is something that all of us want." -@asgharali (see his blogpost: HBD APR cut from 20% to 15% )

After being enlightened by their sentiments, i couldn't help but agree that the cut is for the benefit of the community and it's longevity. Maybe we should all learn not to be too greedy and appreciate what's still left. 15% is still high compared to other common investment schemes.

I will end my blog with a quote, "The best time to start was yesterday. The next best time is now."

Sending some hugs and kisses

Love, Jane