The conclusion that HBD isnt bringing people in is not valid in any way whatsoever.
Sure. As long as one person shows up for the HBD, what you said is true.
I think its underperforming when compared to its potential. I think those wanting this 20% underperformed when it comes to getting the word out, with some even acting more like a deterrent when talking about it (posts sounding too good to be true produced by amateurs combined with comment sections resembling paid testimonials shared outside).
So what are we doing now? Once again focusing internally. Pressure everyone to keep something the same way. Everyone gets their way and goes back to underperforming?
You know what I like about a rate that has room to move up? People hold thinking it might happen. I see potential in a flexible rate. 20% seems like the top. I'm sure real investors would do their research knowing the rate could drop and maybe that was the deterrent, rather than a promotion. The mind's a mysterious thing.
I would like it to be a success. I won't be juggling my votes around though. Not interested in picking a team or being swayed, and I'm content with a flexible rate.
It is very important to address the claim made.
All of it should be viewed in the context of the wider market and sentiment tied into APR offering stablecoins. In that context I dont think its underperforming. To claim that you need a baseline of expectation. That varies drastically between people.
What was the expectation? Billions of incoming capital? I think thats unreasonable? Millions, that is reasonable and I think that has happened. The convo with Acid above goes in more depth.
If there is any at all overall positive impact, in a bear market, with this sentiment present in regards to Luna etc. then this is a win.
Any kind of win is a win. Choosing a "lose" because the win isnt as "big" as some expect is foolish in my opinion.
I'm listening, and thanks in advance for the time and energy you're putting into this. I'll read the other conversation as well. Been reading a lot lately.
I'm sure we all have our standards. I set my own bar. It's not for everyone and that's fine. I think it underperformed which means there's still potential and that's a good thing. Not saying it underperformed so therefore it should go away. There's still potential for it to perform even better with a lower rate as well. It's not impossible.
I agree with some elements of the aligning incentives argument. Without getting into the gory technical details, picture HBD holders growing at much faster rate flipping the switch and injecting themselves into governance. Perhaps I can see another puppet show down the road like the one that brought us here. I don't see too many bringing that up but it's what I'm looking at, rather than something like APR envy. In that worst case scenario Hive is paying bad actors to take over. Damn. That would suck.
I mean, well, those that get more HP should affect governance. How they get it, if its making better choices in the market, it is how it should be.
If they buy "cumrocketshibainuharrybitcoinpotterethereum" and it pumps, then sell it for HP to affect governance, who am I to say they cant or its bad. :)
Why is it bad if someone does that with HBD?
APR envy and envy of someone else making better investment choices doesnt make sense to me.
Just make better investment choices. lol
Is HBD a better investment choice? Who knows. If Hive hits 1 USD, and you have your money in HBD it definitively isnt.
I get that, and expected you would counter it in that fashion.