Thank you for the feedback!
I think my issue is, I want to still downvote but don’t have the time. I’m not a big fan of the HBD APR being so high. I don’t have a strong opinion about it per se, it just doesn’t really make sense to me. Like I’m not even sure what the APR being that high is supposed to be for. Not saying we should change it either, I just wish someone could explain it to me.
I don't think anyone should be paid for downvoting.
I agree with you to some extent. The problem is, downvoting is a lot of work. And it’s not fun in the same way upvote curating is. If people get paid to upvote curate it makes sense people would get paid to downvote curate.
Either way, thanks again for the feedback and thoughtful response! 🙂
The original stated reason that it went up to 20% was to attract outside investors. I don't think anyone had any idea how to actually make outside investors 1) Be aware of us, and 2) trust us, the hope was just kind of to magically attract investment with a super high APR. I think backing down to 15% was admitting that idea had been a complete failure. Why it's still at 15% and not lower? Many witnesses who once set at 20% have set it way lower now. A few keep it high just to appease the masses who still want it at 20%. The average still works out to 15% for now.
That makes sense. The APR being tied to the witnesses does have that con because people will upvote a witness based on the APR they want. Witnesses want to stay in the top 20 so they are really stuck between a rock and a hard place imo.