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RE: Witness Proposal, 0% SBD Interest
I don't agree :P
We had 0% interest for some time and it only contributed to uncertainty. Now that we have a tiny interest rate of 0.01% APR (anual interest) people started to hold.
Note that new STEEM is generated every 3 seconds, it is deflationary like any currency so we have a perpetual down trend. Something should influence to hold STEEM and that is why we have an interest rate. Actually I think that 0.01% is too low IMHO!
What data are you using that people are "starting to hold" because I believe it is quite the opposite, most people are doing the trade to Steem as it has a huge potential payoff when and if Steem recovers to normal $1.50 price range.
0.01% is because it is a consensus and most people have the default 0% or use 0%. Now that SBD is stable, I see no reason for an interest rate to influence it.
I meant that people started to hold STEEM assets (SBD, SP, STEEM). Because, the more SP you have, the more SBD and STEEM you can earn and now you have interest on SBD! People might trade between STEEM assets but they have a little incentive of 0.01% SBD interest.
Kindly recommend you document yourself on economics science, for example this book: Inflation: What It Is and How It Works (Economics in the 21st Century)