RE: What to expect with Rentals 2.0

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Could you add a quick outline for the transition from the current system? For example:

  • Will you have a button to pause/cancel all OPEN contracts.
  • An option to end all current contracts instead of manually for those wanting to switch early?
  • Migration of current contracts?

I am curious as to what you see as a fair price for rentals. Is this some percentage of market price, or some formula that calculates based on demand/supply?



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I assume you're asking these questions as RENTER?

  • There will be nothing called a pause... but canceling will be easy. Also step 2 indicates we would like to have a system where we remember what you have rented... so maybe we can have an easy way to restart your rentals pretty easy... so effectively it's similar to a pause.

  • We encourage owners and renters to switch to the new system and the old system will NOT be available anymore. But I don't think it's appropriate for us to mess with the contracts that are still happening. I think that's up to the owners and renters to figure out.

  • The new protocol will not be "CONTRACTS" they are day rentals with the option to store more funds to pay for future days (assuming the owner is ok with that)

  • I don't think it's appropriate for me to say what I think is a fair price for rentals... i think that should be up to the market to decide. And when we do an auto system that will still be up to the market to decide. And we will have a system and let's wait until we get closer to that 4th stage to discuss that.

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As an owner, but this answers everything to the same effect 👍

I've recently reached 250+ cards rented out (majority sub cent), and I'm looking forward to seemlessly receiving DEC rather than Hive/HBD.

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