Lowering my HBD APR vote to 15%

He also said that there a lot of things he does not know because Hive and Steem forked, so, there are some details missing. And if you listened to the end, he asked Hivers to come clear some things up for him because he knows he does not know everything. Here's what he DOES KNOW:

1. Hive's user base is TOO SMALL to compete for attention as a social media front end, and is declining. That's TRUE.
2. Hive needs a marketing plan. This is TRUE. We have for a long time.
3. Hive has one very bright strong point: that passive income. This, from the viewpoint of an investment leader that feeds his group gems from 7-100x AND HAS A TRACK RECORD, is important.

You want him to have all the details of the split and clear him up? Great! Go do that. His entire investment group follows his moves, so PLEASE go make the case in his comments. Understand that from the outside looking in -- the outside we need people FROM --this is where the knowledge base is. He will reach more people than you or me -- so if he is TELLING US, from the outside looking in, that we have ONE BRIGHT SPOT, and if we can get a marketing team and a bigger user base, we can get better, just understand: he will reach more people out there than anyone in here fussing about what he said.

OK ... I will take correction because I probably have rolled your data in with some other I have been looking at inadvertently. My apologies to you and all. I will, however, ask this question: given that Bitcoin is a strong factor in how markets move, do you have data that suggests is it LIKELY that adjusting the HBD interest and/or jiggering the reward curve downward will have a positive influence over the price of Hive that will counterbalance the influence of Bitcoin? By the way, if ANYONE does, I'd love to be corrected again.

Pretty much where I am at with my thinking on it also.

Yeah pretty reasonable approach but either way wouldn't accomplish anything noteworthy, 20% hasn't brought anyone in purely because there's been no push to do that. There's a kind of paltry, wannabe series of marketing attempts by individuals but nobody seems to actually know what they're trying to market and to whom:

Free speech? Decentralization? high APR? DPOS? democracy? Get Paid 2 Blog? Reddit? Web 3.0? Entrepreneurialism? Play-to-earn? All of the above? It's so scattered.

In that environment, you could set it at 150% APR and at best a small handful of crypto bros from other chains will notice a whiff in the wind either as a scam or opportunity.

Hive: Bee yourself (lol).
Free Speech that pays.
Save n Speak: 20% APR on your words
Fuck the internet; make a real difference.
Global financial crisis? There's an app for that.

I dunno. Spitballing.

15-20% is a nice cherry on top. Below 10% and it doesn't even overcome current inflation rates so not even worth mentioning but can still function as a normal background feature.

We’ve already given the patient on the operating table X units of blood. Since he’s not out of the woods yet, let’s cut back on the number of transfusions.

Yeah I get that, here is why I disagree.

If you say HBD is a stablecoin, then it must remained pegged to the USD or whatever currency it is "stable to" and must remain so for years to gain trust. The same goes for the interest rate, if you advertise 20% APY which is per year then cut the interest rate to 15% after year 1, no one is going to trust that it will remain at 15%. What is stopping it from changing again to 10% or 5% or 0%? In the eyes of an investor, nothing. The interest rate changes on the whim of the network. Not very trustworthy hence why big investors don't trust stablecoins or 20% returns because they know it's not real and changing this would prove that correct.

Failed promotion? I have not heard a single content creator since the days of steemit even mention this website. Ya'll poured money into the like of Luke Radkowski and he left yall a long time ago. The Hive whales picked the wrong people to back and now no one uses HIVE. No one talks about HIVE, no one even knows it exists. If the higher ups at HIVE want to promote this website start finding decent content creators again and recruiting them here. I am not talking about me, I am talking about actual decent large content creators. This place needs a BUZZ to be an actual HIVE.

It failed because it was done as the bear fell. Nothing would have worked because Bitcoin leads the market. Nothing will work until Bitcoin leads the market up again. April 2022 and August 2023 are EQUALLY bad times to start and assess an experiment like that.. all we're going to do is put bad stories out in the market before the bull. "HBD used to beat inflation, but now ..."

well, is something that will happend anyway, at least with this larger amounths will receive less interest. I don't see somebody creating 100 accounts to get the 20% when with one still receive a 12% APR. Until now this is the only idea to incentivize small accounts stack HP and HBD.

yeah I think the community/ platform should try to longer use that good, really stable stablecoin and its 20 APR as lever..

to get more attention from Bitcoin swing traders
and normal savers who try to counter inflation

as you say, the 20% pretty much countered it
and HBD was VERY special about that
(show me anything else in our current world, with that consistent stability.. damn)

especially cuz it works great and we do not really have any problems this high APR coming soon (as it looks)

but my personal situation is also very crisp - very close to homelessness again
so I've used my HBD to compound a little and have some spare savings for bad events
but also planned to convert them into Hive again since quite some time (already wanted at Hive's last dump)

cuz the possibility of homelessness grows and comes closer and Hive still is easier and faster to change to BTC and to real life than HBD (sadly - which is also probably the biggest problem of HBD, too isolated, needs more pairs/ bridges/ ways to get)

soooooo I do not care so much about the APR change - wanted to convert to my HBD to Hive anyways due to my situation even long before recognizing anything would change on the HBD APR ^^

greets :)