I’ll address at CTTPodcast in 4hrs. Welcome to come on and discuss.

I think your approach unnecessarily puts huge risk on layer one and community members when the same risk can be moved to willing participants on a layer two, where those taking on the risk can make way more than 20% per year.

Creating ‘liquidity’ by printing HBD is incredibly risky. Normally you create liquidity by staking pristine collateral assets and expanding money supply and liquidity with that, not with money printing.

HBD being created by inflation or APR is debt. HBD being created by people using Hive and it’s internal conversion mechanism to create HBD is safer, is not debt, it’s pre backed HBD with a pre pump in the hive price to move the haircut level further away. The two HBD creation methods are not the same and should not be looked at the same. One is debt and easy money, the other Pre backed and is hard to get people to do. You seem to be a proponent of the former to create HBD liquidity, I am a proponent of the latter to create and expand HBD.

Also, I’d stake 100k in escrow with you, even though I don’t know u. I trust u that much based on ur account size and what u do on chain, however if the haircut rule comes in and ur HBD is force devalued, I don’t trust u to hold ur HBD and ride through it next to me for a single second. All of ur writing and rallying of opinion against conservative, sound HBD economics shows that. Therefore, I say, if you want high yield, you and others like you need to be, as a minimum voluntarily clicking the “lock me in, here is proof I’m in this for the long run” button, so u can’t sell if the debts are called in.

If ur pushing this narrative, the least classy move you could make would be to ask to have ur ass hard locked in, no matter what happens for the next 2,3,5 years. At the moment, no lock up time and taking 20% from the community smells a little classless. Don’t forget u lock in, u have a pristine liquid asset that can be used as collateral or traded to bring in liquidity via the free market. If u want liquidity you can go find ppl with billions tomorrow and have them use the internal conversion to Pre back their HBD without creating a single APR debt based inflation in the process. But please don’t ask me to go into debt for your HBD liquidity dreams (which is what you are currently doing).