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RE: Witness @jackmiller - BIAS, Market, Savings, Bots.
Nice work jack. You're taking to this witness stuff like a duck to water.
I agree with you on the BIAS. It is a potentially unpopular setting so I really applaud you for explaining yourself and backing up your reasons. I totally agree.
I'm not as keen on an APR that is non-zero because I think a positive number there makes SBD more attractive. A negative number just seems unfair.
I think we have some very serious problem with the split payouts. We could lose SBD altogether and its what happens when we ignore the intended design of the system. It can work in unexpected and nasty ways.
Keep up the good work.
On the interest, it is meant to be used as a tool so as to incentivize savings, which makes that SBD part of the "economical chain".
Dare I use the words "Like a bank does", hence it shall make savings in SBD more attractive and put that SBD back into our ecosystem, hence making it a WIN/WIN for everyone of us.
Long term, not short term, our Whitepaper has it all worked out as far as the economics goes and it is a long term project.
The unfortunate thing is when people want a "Quick buck".
This part of human nature is obviously taking a toll on everything and all of us.
I totally agree with a positive APR once the SBD returns to $1 but for now I think it would just boost the SBD even more.