You are nor wrong. In another post I point exactly that out, that a bigger yield on HBD might create more demand, but that would be an investment and a good issue for us to have, we would onboard new brains and investors.
I also admit in that post that, to me, there is no right answer yet, this one just seems to be the one that has more pros and cons, because it would bring more minds and turns Hive from “only a social network” into a DeFi platform.
I am not alone in arguing at length against DeFi. DeFi is a mirage, it's young, computer-savvy kids rediscovering the mechanisms that were responsible for so many crises in the TradFi world. The 20-something and 30-somethings who were too young to really understand the underlying causes of the GFC from 2007-2009 . The young geeks who, because they are code wizards assume they are good in finance as well.
DeFi is a temporary fad as were the ICOs in 2017 - 2018, regulatory crack downs and scams and crises will make the DeFi bubble pop sooner rather than later.
In contrast, Hive has been built with a different story, that of a social blockchain.
Yes, we should attract more users and more brains but what users, what brains and why they come here matters a lot. I believe it would be a mistake to attract the DeFi crowd. I would rather attract content creators and game producers. Games, NFTs, blogs, that is where Hive is at its best.
It CAN do DeFi, that's a plus, but "beware what you wish for"
Centralised or decentralised, finance is still finance... and the increasing financialisation of our economies (whereas before they were dedicated to actually building things) is a net loss for everyone over time...
This is an interesting point of view that I hadn't thought of with regards to DeFi
Thanks for articulating it
I'm not alone, there are a lot of smart people on Twitter saying the same thing. This is a very good post I found from a tweet: https://www.paradigm.xyz/2020/08/ethereum-is-a-dark-forest/