RE: The APR On HBD Savings Should Not Be Lowered
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Just looking at the list. Out of all the witnesses there, I've spoken to most of them, on chain here. Very few snub me. Some used to hate me but now we get along fine. I watch closely. I just see them as people, nothing special, no different than you and I. Nothing about them makes me feel paranoid. I don't think about trust until I'm given a reason to not trust someone. And we don't have to agree on every last frickin detail. I could look at what they're up to and think, "Well, that's kind of stupid." But of course I do stupid things too, so we're even. Don't need to be perfect to get my vote.
The 20% is the promotion. Apparently just seeing that was supposed to make people drool or something. Get people in the door enjoying that HBD, word spreads. Get the ball rolling then bring the rate back down to earth. Makes sense to me but I don't think it performed as well as it could have. And yeah there was metric shit-ton of hype coming out some members and their posts here on chain, but that stuff rarely reaches the outside.
There were a couple occasions in the past I had to remind people the rate can drop and it's not permanent. If anyone was out promoting it but leaving that part out, they were doing this place a disservice.
I'm happy all this happened now, sooner rather than later. The rate has changed 5 times I think, always going up. It's also designed to go down and the people here need to experience that as well. Certainly not the end of the world. Some are acting as if a number like 12% is the new zero. "All is lost!" And that's not the case.
There was an uproar when it jumped to 20. Not everyone agreed with that but it still happened. At some point I realized I didn't need to agree or disagree with anything. I simply accept the fact the rate can change. My mind is at peace. Whatever happens, happens.
Thanks for reaching out, Mobbs. Good to see you.
I guess we disagree a bit on the governance aspect, largely because you know them well, while I don't know them at all, and I think I represent whatever everyday users are left on here - we know nothing about them.
Like I said in my own post I wouldn't normally change votes based on a single issue, but until I actually know something about anyone, I can either make choices from the one aspect of APR, or do nothing at all. Most people are opting to do nothing at all, which is the death of democracy.
Maybe I just need to give up a bit on that being a focal point of the project and just accept the top 20 no matter what... It's not like it isn't running well or turning totalitarian lol.
As for the 20% being the promotion... I think somebody somewhere needs to start looking for an actual economist and professional marketer XD
I appreciate the discussions - I come and go but always around!