HBD high yield rate is both a blessing and a curse, as I have explained on my post about HBD's sweet problem.
HBD not only stood stable above $1, but it is now daring to hover above $1.10!!!!
To not repeat myself too much:
- HBD should be 1:1 to the dollar
- HBD yield is a tool to control price
- Because HBD yield can be lucrative, it can increase demand and consequently drive price up
Like I said in the previous post, every possible solution has pros and cons.
I myself, as a witness, chose to use this increase as leverage to attract new users to Hive using HBD yield, that is why....
I am not voting for a 15% HBD yield rate
As a witness, instead of the current 10% I was supporting, before, a 12% yield, but because the price continues to go up, I think we can take this dramatic step.
It is not that much
We went from 7% to 10%, that is an almost 50% jump, and HBD was below $1 at that time. So I believe it is not a bad choice to go from 10% to 15% to a few months, and see how the market reacts.
Share your opinions, and if what I say makes sense to you, consider voting me as one of your witnesses!