Nice wall of text. I want to read something short and now I read it all. Thank you steal my Time with your good ideas :D
You're going to go on vacation and aren't going to be upvoting people on Hive. You'd like to get some passive income while you're away. Perhaps we even create a smart-contract that allows people to swap their VESTS into the savings account instantly and keep them time-locked for the full 13 weeks. Anything is possible.
Quote In any case, you move your stake into the savings accounts. There are currently 30M coins total in the savings accounts so you're earning 14.8% APR... not bad! Way better than a traditional bank by leagues. Much better than a lot of stocks even.
Quote Once the MakerDAO system is in place, you'd also have the option to print HBD out of thin air. Say you had $10,000 in the savings accounts (100,000 Hive) and printing HBD out of thin air required 1000% collateral. You could print 1000 HBD out of thin air... maybe you even use this money to fund your vacation. Who knows.
Quote At this point, you will not be able to unlock your 100,000 Hive until you pay back the 1000 HBD and destroy it. That's how these collateralized debt positions operate. If you pay back and destroy 500 HBD you'd be able to withdraw half of your money (50k).
Quote If the USD value of Hive increased (determined by witness feed oracles), your collateral would be worth more than 1000% and you'd be able to unlock some without paying back any money. Conversely, if Hive lost value your collateral percent would be reduced below 1000% and before you could start unlocking your Hive you'd have to boost that above 1000%.
I had the same idea some time ago. It would HDB much better and it doesn't make random inflation. I don't want to comment every point. I agree with most of them,
but that would also work if we have smart contracts here right?
Because I also think HDB needs a way to scale and not influence in a bad way the inflation.
As long Hive is not big enough, it's too easy to abuse from single users and leechers.
There are many good ideas out, not sure some will ever become reality, like SMTs :)
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