fucking finally! I kept reading so many posts the last days/weeks regarding that matter, that honestly came out of nowhere, like we solved the real issues and for some reason, we now have to the APR just because. A very interesting thing that you pointed out as well, which i did also a week or so ago was the people that were talking about it.
If you look for example at my wallet i basically have around the same amount in dollars both in HBD and HP. Now i remember a post with a question asked on how much APR in HBD we want. A lot of people said something between 10%-15% and used some of the arguments that you destroyed above! All of these people and i literally mean all that mentioned the 10%-15% APR had either 0 or like 100-150HBD tops, the majority was 0. As my old gamer self was saying back in the days ffs.
Based on their own beliefs these people hold only Hive which is fine by me, but if you don't agree with something, or don't want something, or don't understand something, or don't use something, why talk? Do your actual research first and then talk. There real issues that we have to deal with and instead we try to find ways to place obstacles to ourselves and our community!
The best (worst) argument i read, is that an outsider will see 20% APR and consider Hive a scam. First of all, that particular outsider will have the crypto is a scam mindset or he/she will be generally quite afraid of cryptos. 7 years ago when i discovered and joined Steemit, i had the window open before creating an account for 3-6 months because i was afraid and could not believe that i could earn writing anything i wanted to. If i managed to get in and be here for 7 years, i think anyone can :p
btw after i saw the 19% APR i changed over 10 of my witness votes
Oh yeah 20% that's a scam.
Oh yeah 10% that's a scam.
Oh yeah 5%, you think you can outperform bonds, bro? Scam!
lol yeah it's ridiculous logic. We've been at 20% forever and we are doing just fine. All the other actual scams that offered 20% imploded and crashed to zero, and we are sitting here years later with zero red flags up. Even if it was a scam the burden of that scam would fall onto HIVE holders not HBD holders because the haircut on the debt ratio is 30%.
Speaking for me, don’t think it’s a scam, I think it’s not going to be here long term.
It's people outside of Hive calling it a scam.
It doesn't matter what the number is.
They gonna call it a scam no matter what because they don't know shit.
That's not going to change by manipulating a number.
Manipulating the number is just another reason for them to call scam.
I have a simple answer to those kind of people. I just tell them the difference between HBD's interest and the interest from a bank savings account is explained by all the fees and bonuses bankers take. It might be simplistic, but it makes them stop and think about the greed of the legacy finance institutions !
Nice that's actually pretty clever.
The chance that they even know anything about the banking sector is low.
Although I like to to prove we aren't a scam by showing that anyone can create an account here and earn for free without having to invest. That's quite definitive undeniable proof.