RE: What is the appropriate APR for HBD savings according to you ?

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RE: What is the appropriate APR for HBD savings according to you ?

ph1102 in #tribes • 2 years ago

I have a question, what happens to the Hive that is not paid out if the rate is lowered.

What do you mean by that? HIVE is minted separately and it has its own dynamics of "printing"... HBD inflation comes on top of it... When people convert HBD to HIVE they print additional HIVE tokens, on top of the "reward pool"...

The problem becomes a problem when HIVE drops under a certain value and can't support HBD debt (sounds familiar from our dear banks... 🙂)... We can raise the debt limit (sounds familiar again) 😃

HBD will not be printed as author rewards, but some other things like DHF will still "print" HBD...

Thanks for the comment!

2 years ago in #tribes by ph1102

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tengolotodo 2 years ago

I probably meant to say HBD instead of Hive.
Yes debt limits are fun and games.

Well whatever the rate is set to, in my opinion it has no bearing on bringing people into Hive.

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godfish 2 years ago

We've actually increased the debt limit already. If I am not mistaken, it was from 10% to 30%.

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ph1102 2 years ago

I forgot where was the limit, but I think it was even lower than 10%...

I remember the story about the aflatoxin percentage in one of the milk brands in Serbia from a few years ago... they discovered that it was higher than it was stated on the label... Did they lower the number to comply with the rules? Not... They RAISED the "allowed" percentage and made it "legal"...

I wouldn't like to see a similar image here on HIVE, but seeing some comments, we could end up like that... That was one of the main reasons for creating this post, to spread awareness about it before it's too late...

Thanks for all your comments and replies in the comment section! It helps a lot!

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godfish 2 years ago

This discussion actually inspired me to write down another post on that topic from a bit different perspective. HBD is a great tool with huge possibilities, if only we used it right. Or at least a tad better. That's what I would like to explain in context :)

I appreciate what you guys do to promote that discussion! I believe the community should be aware of such things in order to self-govern the best possible manner.

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