RE: #MyHiveGoals - A New Goal...HBD?
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The 20% sounds very alluring, but you have to ponder whether it's sustainable. The old "rule of 72" applied here means we'd double our money every 3 1/2 years, give or take. In a world of all other things being equal, that would mean you could put in $1,000 when you're 21 years old, leave it alone till you're just shy of 60 and have a little over a million.
I know this may be the "age of abundance," but I have a sneaking suspicion that greater society would have pretty rampant inflation for a 20% ROI to be sustainable in the long term.
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Yeah, the crazy thing to me is that we're still trying to figure out how all this defi stuff fits in with our old models. We could always adjust if it gets too crazy. But thinking of 20% a year is pretty exciting lol Even if it's not sustainable for the long run.
Maybe we get something put in place for long term holders, not just 3 days power downs.
I don't think people should expect it to stay that high "forever". Just take advantage of it while it is there.
I don't think witnesses would want to create a stampede for the exits. Usually there is a bias toward making small changes. The exception would be in a situation that is already becoming unstable. For example, there is some risk this backfires because of the small cap on HBD supply. The cap on allowable HBD is only 10% of Hive total market cap right now though expected to be raised to 20-30% in the next hard fork, expected in about a month or so.
If there is so much interest in HBD due to the 20%, and the price of HIVE doesn't go up, we could risk hitting the cap, at which point HBD could (and very well likely would) depeg. If it looks like that is going to happen, witnesses might reasonably make a rapid cut (even if temporarily, and the restore it after the fork).
We're taking a calculated risk that we can some immediate visibility from the attractive rate, but that uptake will be slow enough and/or the system will be able to handle it before the fork. If not we'll have to back off.