Incoming change of the HBD rewards ? My POV

Hello, you might have seen that the past hours the HBD rewards was changing from 20 to 19 then 19 to 20 again and again.

This is because the witness top 20 are slowly changing to lower HBD rate :

This might lead the HBD rate to go down a little in the short term and maybe a lot on the long term, what is your though about how much per cent reward should HBD give ?

If you think it should stay at 20% or go higher, i don't have the same opinion.
Let me explain why, Yes it bring money to hive but it create "inactive" money on hive, it's cool to have people invest 100$ in hive, but if then they turn it into HBD put into saving and will eventually withdraw all of it without ever getting a single "real" hive transaction (votes, post, ect). It reward the inactivity more than the activity, the money in hive power get around 12% apr (10% voting + 3% bonus) and the inactive one get 20%. This ain't fair therefore the HivePower rewards should be higher (wouldn't be good) or decrease the HBD rate. The active one should earn more than the inactive one. Since the active on rewards other authors and keep a user active. The passive one mainly just increase the money one users have without rewarding any other author + a double penality is given to the active one cause the inflation on the hive token pays for the HBD. Some cool effects lowering the HBD apr would be that some more traditional finance people won't imediatley think hive 20% apr is a scam, having a more active chain since the activer you are the bigger your reward are, getting more HP delegated to projects because the one who keept there HP inactive might want the new highest payout and would maybe start delegating HP to project so it would maybe help projects on hive to build quicker.

This topics, bring out a few other probleme of hive. Voting rewards, if the major part of the hive are used actively to vote for post it's pretty sure the biggest curation trail get the biggest part of the chain HP. Giving them the power to choose what will work or never work out.
Maybe having big whale will cause harm to hive one day but in the meantime we still should lower the HBD rate.

A "long" time ago, i made a pool post about the HBD rate and an argument used by some people in the comment was : "if i bought HBD it's for the 20%, othervise i will sell" well that's the whole reason why 20% is too much. If i grow using the 20% as main argument it will need to growth quick enough for these 20% not to harm the price too much because surprise but there is no free money the HBD rate is payed by inflation. So one day will come where hive have too much HBD and not enough new HBD and will have to lower the rewards of HBD and then all the people who just bought HBD for the rewards and not actually for hive will sell out (in 90% of the case) and It's gonna hurt hive therefor let's just stop the possible harm before it happen.

I changed my witnesses votes to lower the %, my single vote won't change much but if you wish set me as a proxy and we will eventually lower the %, if you wish i will make a post explaining all my witness votes in the future : )

Posted Using InLeo Alpha