Thanks for letting me know about your experiences Dan.
you may want to have a look at my blog and what's been going on
I will go ahead and read your blog now :)
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Thanks for letting me know about your experiences Dan.
you may want to have a look at my blog and what's been going on
I will go ahead and read your blog now :)
Posted Using LeoFinance Beta
Just looked it over. Yes this is a good idea. Just what happens if too many people want 12% interest? That is very good. What if it goes viral, and you have people from all over the world flooding into HBD savings? Not too many "stable coins" have such a good return. In fact I don't know of any with a return like that. I haven't voted yet due to this concern.
After reading the dhf doc. This jumped out at me and I'd like a better explanation.
"This proposal can be easily expanded in the future to target any level of liquidity we desire."
So they can target any level...but that doesn't mean they can get any level to my understanding.
In Ecuador you can get about 8-10% interest in a USD account. It's wildly popular down there and the interest rates are high there for lending and borrowing for the system to work. The liquidity is a non issue, we re talking dollars and entire country of economic activity.
I'd just hate to see this 12% hbd implode on itself if it can't support a surprisingly large flood of investment. I think further examination on my part or explanation regarding where the inteest comes from and the liquidity would be necessary to get me support.
Thanks for explaining why haven't voted yet on this proposal Dan!