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RE: gtg witness update, upcoming changes in HBD APR

in Blockchain Wizardry9 months ago

I'm sorry if my choice of words caused any confusion or offense. It's possible that's because of some language differences. The term 'Promo' was not meant to downplay the benefits of the hbd_interest_rate.

The nature of the hbd_interest_rate is inherently variable. As with many blockchain parameters, it can change based on various factors. I've previously clearly pointed out the "strings attached" aspect, and the importance of individual research, which was boldly marked.

The page I linked to, clearly indicates that the interest rate is a "current" value. If you navigate to "Learn more about HBD interest here", it mentions:

"HBD interest rates may change in the future based on market performance and other blockchain-related economic and financial targets."

Please note that my post reflects my and only my perspective on the HBD APR. Other witnesses might have different views, and currently it seems that the rate remains at 20% even though I've already started to gradually reduce it.

As for the other issue, it's OK to use my post, let me just share my point of view: witnesses on the Hive serve the community. Our primary role is to represent the will of our voters and ensure the smooth operation of the platform. Witnesses are servants, not the rulers.
Contrary to some misconceptions, we don't have the power to dictate or control how individuals consume or interact with the Hive platform. Any suggestions or opinions expressed are just that - suggestions, meant to facilitate discussion or share a perspective.