RE: The APR On HBD Savings Should Not Be Lowered
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Here is it bluntly: Few cared about $HIVE (or HP) before HBD was at 20% and it will be the same if it is changed.
Are you trying to tell me people care more about hive now with the high 20% APR?
User retention is down, active users are down, hive price is down and HBD never holds peg and overall market cap has fallen. What brought hive prices up was an single application called Splinterlands. Want price increase give people a reason to want hive and to use it. Not this constant hyper inflation.
At least that's my simple version of what I've been saying for a long time now.
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You really don't know what hyperinflation is 😅
It is so sad to watch people (incl. taskmaster) work hard on creating HBD circular economies and then watch other people (incl. taskmaster) work hard on locking as much HBD in savings (ie. out of circulation) as possible. Civil War 3.0
It is sad when people talk about stuff and have no clue what they are talking about.
So putting one's money in saving is something that one should not do?
it is sad that people always try to tell one what do to
probably time to leave the sinking ship HIVE with its banker server admins wanting to change interest rates
(while I have no problems lowering the HBD APR - but big problems with people AGAIN WANTING TO LOWER POSTING REWARDS - you all have amnesia and already forgot the 50/50 curation split ?! that also was supposed to increase attractiveness of Hive(power) - but people do not REALLY CARE they just want to DO AS IF they KNEW
and AS IF they CARED and then JUST CHANGE SOMETHING, better than doing nothing)
INTERVENTIONISM
HBD and its 20% APR was very special in countering the inflation
and being one of the few possibilities TO EVEN MAKE SAVING WORKING AN PROFITABLE AGAIN (AFTER BITCOIN OFC)
but people life their normal normie land lifes
everything is good
bread and games
and do not even get the need for some GOOD BASIS LIKE SOMETHING THAT ALLOWS TO SAVE
some people like me fighting for survival everyday have..
True, I have read enough of your gaming posts to notice. I still like to keep up with the challenge in your field of expertise. BTW, there was more context in my previous comments ITT.
As for your question, I have never said that here or elsewhere. Putting some HBD in savings makes sense for regular Hive users regardless of APR. If it is 2%, one keeps excess pocket money there and that is safe. At 20% people put in their rent money thinking they are safe when they are not.
The top complaint in the 20 APR Camp is "passive investors are going to leave". They never discuss why that would be bad. My take is that the sleeping account with ton of HBD and no transactions is useless (unless it is an alt of a regular user obv). Debt is not issued for fun. It makes sense to make it kinda loss leader to attract new people but the platform prefers to have HBD liquid and circulating as much as possible (when people cannot stand holding pocket money in HIVE and paying their $1.5 donuts by telling a dApp to send $1.5 worth of HIVE instead of HBD 1.500).
Going back to the original question: Putting money in savings is fine for the individual (as long as it is not too much) but the excessive incentivisation is something that the platform should not do.
I just don't think that's true at all. I have $2,000 in savings, but the majority is in HP and a good chunk off platform for trading. I'm hedging my bets with different benefits to each.
HP can potentially double in value over time, HBD cannot. I get a trickle of return on my HP being active, HBD does not. Liquid Hive can double in a 3-hour pump & dump. HBD cannot.
People who put 100% into HBD will regret it, and people who go 100% into HP will regret it, both for different reasons. So there's value in both regardless
I like your attitude, but fail to see what you claim to be false. One of the two usecases, or the fact that growing one conracts the other?
People like you will be fine even with APR of 50%. The platform will not as the backbone users will lose a lot.
User retention is actually higher than ever, but still not very good. Our current problem is a chronic lack of new joiners.
But I agree with your point, Splinterlands has been the strongest identifiable driver of Hive price, the impact of high HBD APR is totally unclear.
Authors =/= Users
There's been a lot of new sign ups but I feel it's mainly other applications like Splinterlands so they don't care all to much about hive itself. I could be wrong though we for sure lack some data.
Unfortunately we are at a low ebb in terms of accounts overall, including non-social media users. That said there has been an uptick since it hit a low in July.
It's even worse if you just count users who create a transaction (of any type).
That's what the post says. It's the dapps that will bring people to Hive. How will lowering the APR of HBD bring dapps like Splinterlands?
Not people are trying to claim that lowering the APR is going to drive value to Hive.
HBD always holds its peg. It is redeemable for $1 worth of Hive. When has that not been the case in the last 18 months?
why do you guys just keep ACTING AS IF YOU KNEW ?
show me the evidence that everything was because solely thanks to splinterlands alone
I never even fucking touched that pokemon clone
BECAUSE I AM INTERESTED IN OTHER STUFF
especially the most basics of stuff (also related to my situation, I have pain, no home, am being criminalized - but people are happy as long as they got bread and games)
but you guys seem so lost with your happy normal lifes