I was voting for 18% way before the top ones voted for 20% only because the increase in APR was too fast, if we got there 1% at a time, say 1% every 2 or 3 months, I would be at 20% too, and if the market kept going up or at least stayed stable I would eventually get to 20%, but the market is uncertain in my opinion right now

I will not pretend to know more economics than I do, so take my opinion on a 16% APR (my current) with a pinch of salt and fair criticism, the ones who take the real decisions are the top 20 in the end, at position 80 I only set that number as a reflection of what arguements have convinced me the most. So far the arguments for lowering seem more reasonable (I am open though)

When the market was going up, and when it started going down, it made sense to have 20% to attract users, it made a lot of sense.

Now that HIVE is going down I believe we need to be careful when printing. The HBD supply is very low and to me that is a good reasoning to keep the APR at 2 digits (which I am keeping), but the HIVE market cap took a nosedive from last year, and since HBD is basically another form of HIVE I believe we must be very careful and slow down printing but still stay competitive and increase the circulation of HBD, that is why from 18% to 16% sounds reasonable for a witness in my position (at position 80, where my APR is not even reflected on real savings)

To me all that is complex economics and I won't pretend I know what is best, so I am in favor of changing it slightly and monitor the repercussions, we already had 20% for a long time, I am not sure we should keep it for years to come, unless we enter a massive bull market or it starts attracting lots and lots of users.

20% sounds delicious, but it is the level of interest rates that happen when either

• investments pay out when the market is performing excellently
• an economy is in crisis mode

I think we are in neither, so to me seems logical that a more reasonable level of interest rates should be achieved, but slowly, not the way we raised that up, within one year we went from under 10% to 20% very fast.

I will check your blog in case you post your thoughts and reasoning against lowering it. I'm open to hearing counter arguments and reasonings as to why keep it at 20% or so and I hope that enough discussion is generated so that the top 20 take a decision that takes opinions like yours into account, because my APR honestly has no reflect on Hive while I am so low on the rank.