Hi Nathan. How have you been? Me, I really haven't been active on here much lately, wish things for me have been different. But I'm glad you are doing well. Do you remember a few months ago with that sudden blacklisting of my account? Well the abuse never stopped. It's hard to post for downvotes if you know what I mean, but I did anyway for almost three month. I basically had enough and finally stood up for myself and just made a massive post exposing all the nastiness of this group. As a prominent guy here and person I'm honored to have met in person, you may want to have a look at my blog and what's been going on. It's pretty disgraceful and damaging to the entire hive blockchain. I learned a lot about this group of abusers in the past few months. The info may really shock you. Hope you are well, and I look forward to posting and communicating with you on more positive note in the future. And sorry this is so off topic on your blog.
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Thanks for letting me know about your experiences Dan.
I will go ahead and read your blog now :)
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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!