smooth's comments - older posts | Ecency

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smooth

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2016-03-25 13:36

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smooth

4y

RE: Signalling for 20% HBD interest

I would expect the 20% to be tapered back eventually Yes I don't think anyone would suggest it be "permanent" It is very important to make clear at all times that witness-set APR is variable

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smooth

4y

RE: Signalling for 20% HBD interest

I'd support this with a lower exchange rate, essentially a backup, maybe 0.98 or so. This would also have the advantage of avoiding depleting the BTC backstop quickly. Right at 1:1, a lot of BTC might

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smooth

4y

RE: Signalling for 20% HBD interest

What can we do to make other top 20 witnesses signal the same 20%? You can't make anybody vote how you want. But you can express your view to try to convince and also change your witness votes.

smooth

4y

RE: Signalling for 20% HBD interest

I assume this is how the HIVE code calculates the interest rate Correct

smooth

4y

RE: 20% APR For Hive Dollars | Decentralization In Action

Yes sending to savings will trigger any interest that is ready to be claimed (once per month).

smooth

Hive Governance

4y

RE: Witness Update: HBD APR

Thank you for the words of support.

smooth

Hive Governance

4y

RE: Witness Update: HBD APR

We have enough for now to get to 15%.

smooth

Hive Governance

4y

RE: Witness Update: HBD APR

Excellent perspective and not something that many (myself included) think about enough.

smooth

4y

RE: 20% Interest on HBDs... A Good Idea...?

I don't think think any of that has changed. The rough number of $10 million I cited is just the content creator portion I believe. Curators, witness, etc. would be in addition.

smooth

4y

RE: Signalling for 20% HBD interest

I think Luna Itself will blow up to an unstable tether version That may be the goal. After all, Tether has been very successful.

smooth

4y

RE: Signalling for 20% HBD interest

It's a little sketchy but supposedly a foundation that will benefit the chain. We will see. I like the decentralized model better in most cases. For example, we could also buy other assets to serve as

smooth

4y

RE: Signalling for 20% HBD interest

We'd have to decide if we are really committed to USD or not. In the past there was some discussion that the charter is really stable value and if USD deteriorated sufficiently we could switch to something

smooth

4y

RE: 5th update of 2022 on BlockTrades work on Hive software

Exchanges mostly. When you deposit to an exchange they want to make sure the deposit really happened before letting you trade or withdraw. Most other transactions can just wait the minute, or can accept

smooth

4y

RE: 5th update of 2022 on BlockTrades work on Hive software

Not a problem. Would be an improvement.

smooth

4y

RE: 20% APR For Hive Dollars | Decentralization In Action

Regarding the account creation fees, I think this fee should be in HBD, and not in Hive I agree with this. It likely wasn't originally because SBD didn't 'activate' until after the first post payouts (3-4

smooth

4y

RE: 20% Interest on HBDs... A Good Idea...?

The author reward pool is about $10 million per year and interest is currently about $300-400K per year.

smooth

4y

RE: 20% Interest on HBDs... A Good Idea...?

The HBD in the DAO doesn't count toward the haircut rule, so in reality there are only about 9M HBD circulating or in savings (those do count).

smooth

4y

RE: Hive Backed Dollar (HBD) Moving Ahead

I believe most of the interest will by paid to LPs to incentivize building the pool. There might be a fee charged by the project, I don't know.

smooth

4y

RE: Hive Backed Dollar (HBD) Moving Ahead

HBD may rise briefly but since you can convert $1.05 worth of HIVE into HBD, it is more likely that high demand for HBD translates into a lot of HIVE being destroyed to create more HBD. This likely drives

smooth

4y

RE: 20% APR For Hive Dollars | Decentralization In Action

I meant the contribution of the interest inflation to overall Hive inflation would be 0.2%. $700K over $380M market cap.

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