Threadcast link: @cttpodcast/re-leothreads-fjbcsyvt
Link to recording: https://twitter.com/i/spaces/1RDGllkMNZmGL?s=20
Speakers
@starkerz
@theycallmedan
@edicted
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Abstract
The discussion revolved around the Hive ecosystem, particularly the sustainability and mechanics of HBD interest rates and time locking, with differing views on the correct approach to maintain stability. Other topics included the concept of network states, the potential replication of their governance on Hive, and strategies to enhance Hive's usage and recognition, such as Speak Network and the Spend HBD initiative. Both Edicted and Dan shared insights into Hive's future developments and the importance of practical demonstrations of the platform's utility
Outline
- 00:00 - Introduction and start of conversation about HBD yield, time locking, and stability concerns
- 00:12 - Discussion on HBD bonding system and its impact on supply and demand
- 00:18 - Debate on economic principles and network risk associated with high APR on HBD
- 00:25 - Mention of Speak Network and prospects for Hive integration in community-driven projects
- 00:33 - Analysis of Hive's position in relation to other cryptocurrencies and potential growth strategies
- 00:36 - Examination of Hive's governance and comparisons to speculative crypto models
- 00:48 - Consideration of Hive's potential as a network state and utilization of blockchain for digital communities
- 00:59 - Prospective opportunities for Hive's expansion and discussion on content creation
- 01:08 - The importance of practical utilities for Hive and its features for broader acceptance
Summary
HBD Yield Discussion
Discussion on the Hive Backed Dollar (HBD) interest rate and time locking for stability ensued, with Edicted expressing concerns about increasing the time lock duration for HBD, calling it negative Expected Value (EV) and harmful to the network by punishing users and decreasing demand.
Dan supports a conservative approach, preferring to maintain lower baseline APR on HBD and suggesting the introduction of bonding systems on layer 2 to handle higher yields, which transfers risk away from the base layer.
Both agree HBD has performed well, arguing it could sustain high APR; however, they differ on strategies to mitigate associated risks.
Network States and Decentralization
There was a conversation regarding the creation and governance of network states, with Dan mentioning Balaji's vision, while Edicted questions the practicality of enforcing blockchain consensus in physical terms.
The debate centered around whether Hive itself could act as a model for network states due to its neutral governance and lack of central control.
Development and Expansion of Hive
There was excitement about upcoming projects such as Speak Network (@spknetwork) testnets and potential collaboration with existing tokens like Bitcoin for liquidity provision and stability.
Emphasis was put on demonstrating Hive’s capabilities through products like the Spend HBD initiative and other community-driven projects, rather than theoretical benefits.
Both participants agreed that visibility, use-case, and infrastructure are key to boosting Hive's recognition and market position.