My outlook is based on watching a large number of companies implode because they held debt at high interest rates. I believe that HIVE is a good thing. The debt at 20% interest is a bad thing.
The high interest rate does not improve HIVE, but it drives smart investors away.
This last year has proven that the high interest is not improving the HIVE eco-system. There has been a steady decline in monthly active users and a decline in the price of HIVE after this decision.
I know for a fact that smart investors look at the amount of debt and interest on the debt before buying an equity.
If the absurd interest rate is not improving the ecosystem, then we should can it. We have to pay $720,000 a year to maintain the high interest rate.
!WINE
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