You are viewing a single comment's thread from:

RE: An Open Idea: Linking HBD Interest Rates to Staked Hive Power

in HiveDevs27 days ago

I appreciate you guys and love what you do on chain. But personally im totally against this.

I want the Wintesses to set the shortest term bond rate (say at 6 months (not 3.5 days, which is an outrageously low time frame to get the current interest rate of 15%, none of us here would take that trade personally, I dont know why we think its ok to have the community do it) and then the best way after that is that the market sets the lowest possible rate for the maximum amount of inflows to HBD via reverse auctions for every bond lockin period after that (1 year, 2 year, 3, year, 5 year, 10 years etc.) this is what every single other entity that raises money inflows does. It is essentially saying "I want to pay the least out for the most amount of money in" and if hive does not follow this path, it is a serious problem for Hive.

Proposing HBD is tied to HP wont cause people to power up their HP in any scale, just like paying outrageous interest rates doesnt cause many ppl to hold HBD.

Better to just copy what other economists recommend regards to maximising money inflows via minimizing outflows and to do and what there is great precedent for over the years prior to us.