I don't really play minecraft anymore, although we tend to go back to it from time to time. I only play heavy modded minecraft.
I think java edition will eventually be replaced with a C++ version but it isn't going to go anywhere.
As for Hive, I don't see it or any crypto really becoming mainstream.
Okey cool i'll be back with some other question in 10 months
I should be around.
well i'm here a bit sooner because something really rare happened someone engaged with my post (not so rare lol) anyway the comment was :
Have you ever looked at the monthly active user chart?
HIVE has been in a steady state of decline ever since the witnesses decided to raise the interest on HBD to 20%.
The absurd interest on HBD was supposed to attract users. People with financial sense realized that the platform took on an unsustainable liability.
Last month we paid about just under $115,000 in HBD interest. HBD is a derivative of HIVE. $115k HBD is worth about 333K HIVE at the current HIVE price of $0.345.
Of course, smart investors hold off converting their HBD to HIVE when the price is high. What we see is that people convert HBD to HIVE when the price dips.
My answer is that HIVE could only become a major social media platform after it reduced or eliminated the interest on HBD. Since HIVE is controlled by a few whale accounts that want the passive income from HBD. I fear that the answer is that HIVE will never be a major playor.
Personally, I fear that the 20% interest on HBD has created a ecosystem that may not survive another three years ... which makes me sad.
And i would like to know what you as one of these people that currently control hive, witnesses. Think about this. because personaly i joined hive not so long ago and understood was it was even less long ago. Is hive really going on a downfall ?
This isn't really correct, as someone who's signaling for a lower APR personally I can easily tell that those with a lot of stake have way more HP than HBD, if you're referring to those with big stake voting for witnesses that are signaling and in effect placing hbd at 20% interest apr. You can't vote for witnesses with HBD so in a way this sentence really doesn't make a lot of sense unless those same whales would have HBD close or equal to their HP holdings which they do not (blocktrades, freedom, smooth, etc). Even if they had 50/50 the APR from HBD is only about 8% higher than the one you can get from HP.
Other than that I do agree with the sentiment that 20% is a bit unnecessary high and may cause more damage than good, at least any time I've mentioned it on web2 like twitter and reddit it's been called a trap/scam to attract money to rugpull them. Even if we here know that what happened to terra/luna can't happen here, its effects won't be forgotten and there won't generally be people trying to fall for it more than once. On top of it all with bnarely any real marketing or noise around the whole thing it's just feeding those few holding a lot of HBD unnecessarily without them having any skin in the game or risk in returns.
the sentence isn't by me, i just asked someone else opinion bcs yeah i didn't know if that comment was true or not, but yeah 20% is too much, because as you said people just think it's a scam, i think 10% apr could be good, i mean it's a round number it's neither to low or to high. you can get like 13% apr a year with hp voting and 24% with delegation so it would be a cool bonus for people who aren'tthat active or don't have time to vote or setup an auto vote. Even if the best would be 5% so everyone just powerup for more rewards but still can get a few liquide token if they want to keep a bit of liquide token, you know what i mean ?
yeah I'd wanna see it lower but not drop too quick, hence we signalling for 15% at the moment and maybe after that 12% to stay competitive with HP rather than higher than it.
ig i gotta become a witness then 🙄😤 lol
btw why did you come here i mean it's not the easyest comment to find
it was shared
Only time will tell.
so hbd rate should stay 20% ?
¯\_(ツ)_/¯
what was the apr before ?