"What is the proper rate? That will have to be experimented with. Either way, a range of where the token trades will likely be established and the Witnesses can simply adapt the rate of interest as both ends of the range are hit."

I think the problem is 7% interest for crypto just isn't going to be enough. These people can easily make that in the stockmarket. I mean it's okay but i don't see this as a gamechanger. Also having a stable coin and factoring the interest rate depends alot on the growth of your economy.

So unfortunately we're still just using crypto for speculation so stability although very important as a currency i don't believe hive has done a good job setting up the structure to be used as a currency or payment system.

I know in bbd how we figured out the rate of interest is by using a simple formula of backing bbds by the intrinsic value of btcmyk. I did a video recently on the intrinsic value of btcmyk. So if there is a set market value that doesn't change then you can always set the inflation rate. if i know that several duckets will always get me 7 loaves of bread then the inflation rate is not a problem.

So the focus is certainly proper on the hbd however before the focus on teh hbd they should have first designed a system like i said several years ago that made a good case for the sbd or the hbd to be a viable free almost transactional payment system. That seemed like it could have worked as a good idea most cryptos aren't doing. if ethereum tried you'd of course get eaten up with fees and many other projects.

I think with us we decided to naturally let bbd float to whatever value the market allows until it finds it true value. The thing is though the bbd's always can redeem for btcmyk which has advertising intrinsic value which we believe will be a vast network because it runs on a freemium service model and not a miner inflation model where you have to pay electricity and people have to buy the token which means the value of your network will have to remain contained.

Posted Using LeoFinance ^Beta