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RE: gtg witness update, upcoming changes in HBD APR

in Blockchain Wizardry9 months ago

It's been at 20% to draw some attention... Can we tell that it was a success? Well, to some extent - maybe.
And yes, you are absolutely right when it comes to reasoning.
We will see how the markets react on that. Well, I'm not even sure if at that small scale we would be able to tell much looking at the data.
Will HBD saving holders move their assets to HP? Or stay even at 0-5% APR range? Or move away?
Time will tell.

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well I am moving my HBD to HP
but also only cuz Ive planned that anyway, before I recognized the upcoming HBD change
already wanted more HP the last time it dumped ^^

(also my personal situation may force me to pay out again to survive and that is easier with Hive than HBD too, still at the moment, sadly)

I think HBD and the 20% is a great combination which only lacks one:
better BTC/HBD pairs/ exchange interface/ bridges/ liquidity

and maybe some marketing towards Bitcoiners wanting to swing trade BTC/USD but without direct USD (KYC, BANK)

building it right, many ecosystems can profit from each other
they by having some decentralized stable coin option for realizing trades
and we some additional liquidity for building the platform while they wait for their BTC to fall ^^

etc

I think many will leave - and that's bad!