Hi smooth
A bit of a normie question with regards to the interest rate parameter.
Is it only the top 20 witnesses parameter that counts, and is the % then set to the average of the consensus witnesses?
Cheers.
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My understanding is that it's the median value from the top 20 witnesses only (which is why it's still 0 until the majority update their setting).
I think that is about right (possibly exactly right). I'm not sure without looking at the code whether the scheduled backup is included in the median or not.
On the @hbdstabilizer topic, I guess we will find out more on how well the project has performed at the end of this bull cycle, possibly using the chain across the road as a comparison? (SBD currently around $5.7 and has been over 11$ recently)
Would success criteria be watching STEEM fall like a stone with a more gradual decline (and the bottom being not quite so low) for HIVE?
It's impossible to separate the other factors involved in the price of either tokens. It's not a controlled experiment so it's unlikely that you can draw direct conclusions at all.
What might be more measurable is the impact it has on inflation.
But since inflation is dependent on the price that is also hard to separate out.
We will at least be able to determine in retrospect if inflation from HBD conversions has reduced or increased.
True, however the biggest factor will likely be the price trajectory of HIVE
Thanks. Could be a while until we see this coming into effect then!