RE: Finding out how does HBD interest work by reviewing code

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This seems to be a fait accompli. Have I not been paying attention to extensive community-wide discussions (beyond just witnesses) debating the pros and cons of this change or did something like that simply not happen?

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(Edited)

Edit: Ok to be fair, there was this post:
https://hive.blog/hbd/@smooth/why-i-set-my-witness-hbd-interest-rate-parameter-to-3

So was there enough discussion? Maybe not, but changing the APR is just a witness parameter, it didn't require coding, and could be changed back to 0 (or any other value) easily.

It didn't happen. There was a relatively brief discussion on the semi-private mattermost witness channel, Smooth brought up the idea, changed his witness and many others adapted quickly.

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(Edited)

This feature has existed in the consensus rules since basically the beginning of Steem. It was just largely forgotten about after witnesses set Steem Dollar interest to 0 years ago at a time when they were perpetually overvalued.

It has always been the domain of witnesses to decide this value. They could be updating it much more regularly if they wanted to.

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Okay, makes sense in that Hivelandia is effectively a republic rather than a democracy. 😅

But since it doesn’t need a hard fork, what happens to HBD interest if some witnesses set it to 3% and some don’t?

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