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RE: Proposal to make HBD interest payable only to savings accounts

in Hive Improvement3 years ago

I understand it is a low cost procedure and something that can be done pretty easy from your post. The issue I have with doing it now is the perception is that it is a last minute item added that has the potential to adversely effect the way things have been done. HF 25 is and should still be about stabilizing and solidifying the foundational layer, not about trying to do something last minute that seem to be an attempt to appease someone.

If something, anything goes wrong it will not matter how small the issue is with the fork, any and all likely complaints will be focused on the last minute agenda type items added.

I would urge staying with foundational repair and solidification. HF 26 can be the fork that alters and makes changes to the reward, distribution and financial system. Right now for me this proposed change is no different than an American Politician adding pork to a bill that it has no reason to be in.

Tuesday when I listened to the posted dev show from @howo, it was mentioned that Friday the code freeze may be implemented and testing to begin next week. Even though the Idea has been bandied about over the past few months or years, it has not really been presented as a possible change to the financial side of Hive until two days before a code feed.

How does will this look to an outsider thinking of investing when for the last 5 plus months all talk of HF 25 has been about the foundation, and two days before code freeze this change is proposed?

If it was put to a vote to include I would vote no. Not because the proposed change is bad, it may be a good thing, but last minute additions to any proposal has the appearance of appeasement to an individual. This could have been implemented anytime in the past year as a soft fork of HF 24. There is already plans for a soft fork shortly after implementing HF 25 for RC changes, if needed and desired so much from people save it for that RC soft fork.

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I understand your objection, and it's why I made this post.

But I should add, it's definitely not an appeasement of any one individual. There's been a number of people asking for something like this for quite a while (i.e. years). Even the actual discussion on mattermost brought in more than a dozen devs and stakeholders, all who were very much in favor of the idea.

And this change isn't possible as a soft fork, unfortunately, because it changes account balances. So if it's delayed, it will likely be delayed a minimum of 6 months.

But nonetheless, I'm glad you've added your comment to the post, as I'm really trying to measure how many people disagree with the idea. For me, this is like an "informal poll" before the true vote that would be associated with witnesses undertaking to upgrade to the HF.

And if there are a number of stakeholders expressing a similar opinion, we can always drop the idea for now. At the moment, from my readings in the comments, I think you're in the minority on this issue, but this post hasn't been around long, so we'll see how it goes.

As you say the Idea has been out there for over a year. Over on steem there has been a few hf, Hive we are only on the second hard fork. It is not that I disagree with the idea, it is just the wrong time, the wrong place. People have been discussing it for a long time, but wait until the last few days before the code freeze to bring it up as part of this hard fork which has primarily been a foundation stabilizing hard fork.

They have waited over a year, six more months is not going to make or break the bank, it will if done in this hard fork cause people to look and think twice about the motivation of why now and why was it not brought up at the early discussion of HF 25 if people feel it is so important to make a last minute change to HF 25.

I was there for the EIP hard fork and the last minute changes over on Steem and then the need to rush a fix out over the weekend with out proper thought or testing and causing lots of issues for more than four days. There is a time and a place, I just do not think HF25 last minute is the time or place.

It's a couple lines of code change and we'll have 1.5 months to check for bugs and make fixes before the hardfork hits. If we find any bugs during that time, I think the overwhelming odds are it will be in one of our other changes, not this one.

If you want to make that argument they already took out a huge chunk away from HF25 by removing RC delegations to a softfork afterwards. So testing is going to be much easier than planned.

But also they are simply removing interest from unstaked HBD with the hope that witnesses increase the interest rate on staked HBD.

I guess we could all pitch in to make the testing phase go a couple days faster than planned?

It is not so much the request, I feel it is the wrong time last minute to add it to the HF. I remember the last minute changes on one of the steem hard forks, and then the quick fix, and then the several days of in and out of service of steem.

HF25 has been being discussed for several months, for most of those several months it has been about the foundation and code fixes and witness retention/selection fix, not about any financial fixes other than the RC issues so second layer players can have an easier time of onboarding and helping those they onboard get going.

I always question the motives of "Oh we forgot this, or we just remembered this", I have been trying to follow the HF 25 issues, and I do not recall any talk during that time of interest fixes other than the minor one they did about a month ago, and I believe that was just a code change that did not require consensus.