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gtg witness update, HBD 20% APR, strings attached by gtg

View this thread on: hive.blogpeakd.comecency.com
· @gtg · (edited)
$335.05
gtg witness update, HBD 20% APR, strings attached
It is quite likely that, apart from the people I work with on a daily basis to improve Hive, many may not know what I am doing or that I am doing anything at all, for which I apologize.
I should have known better and posted my witness updates more frequently.
Sometimes I kind of miss those @nextgencrypto’s rants, as it was always a good wake up call ;-)

<center>https://www.youtube.com/watch?v=umvcUpmIie8</center> <sup> - yet another Hive logo reveal</sup>

# HBD 20% APR
I’m always very careful and rather conservative when it comes to such decisions, but given current conditions this seems to be a good time to go this way.
HBD is heavily underappreciated, and I don’t mean its monetary value, which by definition should be kind of pegged to USD, but its utility.
1.5s on average to transfer funds from `alice` to `bob`.
Neither of them pays any fees.
There’s an internal, fee-less, decentralized market HBD <-> HIVE
Two-way conversions between the two.
And of course: the time-locked saving balance.

### Strings attached? What does that mean?
Please remember that Hive is powerful and beautiful,  but also very complex.
<center>https://www.youtube.com/watch?v=mjvGjUovxPU</center> <sup> - strings attached, nothing else matters, well played.</sup>
Yes, like with a cello. It’s not easy to play with.

As always: **do your own research**.

Make sure that you know everything you need to know about HBD <-> HIVE conversions and its rules.
When is HBD interest collected?
What are HIVE/HBD supply, virtual supply, debt ratio, and the “haircut” rule?
Learn about the HBD stabilizer (see DHF proposal and @hbd.funder comments supporting it)

See also:
- @ausbitbank’s https://hive.ausbit.dev/hbd
- @dalz's [What Is The Inflation From HBD Interest? How High Can It Go And Is It Sustainable?](/@dalz/what-is-the-inflation-from-hbd-interest-how-high-can-it-go-and-is-it-sustainable)

# Upcoming HardFork
You can read a lot of details about core development in @blocktrades updates, or listen to HIve Core Dev Meetings (see @howo posts).

### Public Testnet
The current instance of testnet is slowly nearing its end of life  (see `TESTNET_BLOCK_LIMIT`). Once it's there, it will be re-deployed using an updated codebase for all the components.
Addresses of instances are [in my previous post](/@gtg/hive-public-testnet-resurrections)

### Public Mirrornet (TBD)
Mirror instance is still experimental and there are some ongoing struggles related to its full deployment.
It takes a significant amount of time to deal with such issues, and this comes as no surprise, as unlike “regular” testnet, which is limited to 3 million, usually sparse blocks, mirror is just like the mainnet of Hive (actually slightly more complex because of an “override key” being added everywhere).
So when a bug like this happens:
```
database.cpp:4402             _apply_block         ] 10 assert_exception: Assert Exception
is_canonical( c, canon_type ): signature is not canonical
 {}   
 elliptic_secp256k1.cpp:161 public_key
 {}   
 database.cpp:5160 validate_block_header
 database.cpp:4402             _apply_block         ] next_block.block_num(): 26256743
 chain_plugin.cpp:668          replay_blockchain    ] 10 assert_exception: Assert Exception
is_canonical( c, canon_type ): signature is not canonical
 {}   
 elliptic_secp256k1.cpp:161 public_key
 {}   
 database.cpp:5160 validate_block_header
rethrow  
 {"next_block.block_num()":26256743}
 database.cpp:4402 _apply_block
```
It takes 29 hours just to get to the same point of replay, and that’s just a point of transition between HF19 and HF20 rules. Not even halfway to the mirror’s head block.

Mirror is essential for more comprehensive testing and reduces the risk of failure due to bugs in HardFork logic. It’s better catch them before they appear on the mainnet.

Public instance was not so public (only few developers were using it for their work such as @howo, as playing with Resource Credits on a regular testnet doesn’t make much sense), and is currently down waiting for fixes and fully validated reindex before it is  available again.

# api.openhive.network
In the near future I will be switching from the current master of `hived` and `hivemind` to their `HEAD` of `develop`.
It will continue to use regular hived-powered account history.
There are some significant challenges when it comes to hardware resources as Hive is constantly growing.
A year ago, when HF25 was coming, the `block_log` size was 350GB, now it’s nearly 550GB.
A running hived API instance (with account history) took 825GB, now it’s 1250GB.
Of course, that’s without taking hivemind and its database into account, which requires an additional 650GB or so (with the peak at resync being even larger).
As you can see, we’ve almost reached the 2TB requirement for fast storage (preferably NVMe).
Heavy development work on HAF and HAfAH is ongoing. It will greatly improve robustness and performance, but at the cost of even greater demand for fast storage space.

# Deprecating Ubuntu 18.04 LTS
As I mentioned in one of the `hivemind`’s recent issues, it would be a waste of time and resources to try to support all the various mixes of software versions. We’ve been trying to stick to the recent Ubuntu LTS release while keeping support for the previous one if possible.
That shouldn’t be a big deal in the era of virtual machines and docker containers. However, new binaries taken from https://gtg.openhive.network/get might not work on older systems.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 529 others
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vote details (603)
@chinito ·
$0.33
That logo vid is crazy cool! I am happy to see HBD get a higher APR, but it makes me rethink about my HP:HBD ratio..

I enjoyed very much the cello music.. Thanks!
👍  
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vote details (1)
@codingdefined ·
$0.35
I guess now people will have better option now, either to keep in Hive Power and get around 12% or keep it in HBD savings and get around 20%. 
👍  
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vote details (1)
@gtg ·
True. It's more complex than that. HIVE to USD could change much more than HBD to USD. There's much higher time lock on HP, but HP also gives the governance influence, etc.
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@dadspardan ·
$0.33
Very well written article and interesting to see how this is all evolving with bigger pieces in the background working 

Keep up the good work 
👍  
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vote details (1)
@derangedvisions ·
$0.35
Thanks for all you are doing behind the scenes to make this place awesome
👍  
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vote details (1)
@emeka4 ·
It is an awesome move for the 20% APR interest you witness in the blockchain
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@gadrian ·
$0.35
Thank you for your work, wizard of Hive!
👍  
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vote details (1)
@gangstalking ·
<div><p><center><b>Whoever is directly controlling the V2K told me to kill myself.<br/>They told me if I killed myself now it would save the lives of countless others.<br/> Saying the longer I wait to kill myself the more people will suffer.</b></center></p></div><br/>They are reckless and should have shown the proper media what they had before taking me hostage for 5 years. I know there are many in prison that dont deserve to be there because of this. Your stay in prison will not be fun @battleaxe and friends. People are going to want you dead when they find out what you did. I hope you die a slow painful death. You sick mother fuckers.<br/><br/> https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem<br/><br/> Its a terrorist act on American soil while some say its not real or Im a mental case. Many know its real. This is an ignored detrimental to humanity domestic and foreign threat. Ask informed soldiers in the American military what their oath is and tell them about the day you asked me why. Nobody has I guess. Maybe someone told ill informed soldiers they cant protect America from military leaders in control with ill intent. How do we protect locked up soldiers from telling the truth?
👎  
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vote details (1)
@hivebuzz ·
Congratulations @gtg! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@gtg/upvotes.png?202204141313"></td><td>You distributed more than 33000 upvotes.<br>Your next target is to reach 34000 upvotes.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@gtg) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>

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@katrina-ariel ·
$0.37
> Yes, like with a cello. It’s not easy to play with.

Ah, the cello. Such a gorgeous instrument. I played for a couple of years when I was young. Wish I'd stuck with it. What a wonderful soundtrack this is, thanks for posting it! I hadn't heard this rendition before. Stay awesome! 🐉💖
👍  ,
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vote details (2)
@xplosive ·
$0.02
> What a wonderful soundtrack this is

A masterpiece. Complete symphony. :)

I am very excited about the future of the Hive blockchain in general. It is very promising, and it has huge potential from multiple sides/aspects.
👍  ,
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vote details (2)
@kingscrown ·
just stop supporting themarkymark who made "whale" by selling votes not doing content or buying stuff
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@gtg · (edited)
$1.27
Oh, come on, why are you bringing such drama up here, it's a purely technical post.
(I haven't seen any wrongdoings on his part, quite the contrary, he's doing a pretty good job for Hive)
You've used to write pretty good, quality content, why you've let that go?
👍  , , ,
👎  
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vote details (5)
@azircon ·
$0.35
Its just KC being KC, ignore him. We got him under control :)

On a different note; it is great to hear from you after a while. I still appreciate your help teaching me how to use VR headset! I don't use it at all lately :)

Welcome news on the 20% HBD. I need to start making some posts :)
👍  
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vote details (1)
@livinguktaiwan ·
$0.29
Just wanted to drop by to say hello Gandalf, it's been a while. Trust you are well.
👍  
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vote details (1)
@gtg ·
$0.23
Thanks :-) As well as one can be these days, considering what's going on across the border.
👍  
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vote details (1)
@livinguktaiwan ·
$0.56
Yes, Poland has really taken on an awful lot of responsibility. Although it is a very noble humanitarian effort, I hope it won't put too much pressure on the Polish economy and people
👍  ,
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vote details (2)
@miko820 ·
Thanks !
👎  
properties (23)
authormiko820
permlinkre-gtg-2022410t2022016z
categoryhive-160391
json_metadata{"tags":["witness-category","witness-update","hive","dev","hbd"],"app":"ecency/3.0.22-vision","format":"markdown+html"}
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root_title"gtg witness update, HBD 20% APR, strings attached"
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author_curate_reward""
vote details (1)
@nkechi ·
$0.30
For the first time today, I sent HBD to my savings. I'm not sure what to expect but when will I start seeing the percentage APR increase?
At what time interval is it supposed to increase?
👍  
properties (23)
authornkechi
permlinkre-gtg-ra56my
categoryhive-160391
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created2022-04-10 21:06:36
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root_title"gtg witness update, HBD 20% APR, strings attached"
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vote details (1)
@gtg ·
After you change your balance again, but not earlier than 30 days.
For those who are wondering where it comes from, it's `HIVE_HBD_INTEREST_COMPOUND_INTERVAL_SEC` which is set to `2592000`.
properties (22)
authorgtg
permlinkra592z
categoryhive-160391
json_metadata{"app":"hiveblog/0.1"}
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@nkechi ·
Okay... Thank you!
properties (22)
authornkechi
permlinkre-gtg-ra64i3
categoryhive-160391
json_metadata{"tags":["hive-160391"],"app":"peakd/2022.04.3"}
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@slobberchops ·
$0.30
>Sometimes I kind of miss those @nextgencrypto’s rants, as it was always a good wake up call ;-)

He's still lurking.. in the shadows.
👍  ,
👎  ,
properties (23)
authorslobberchops
permlinkre-gtg-ra4zpe
categoryhive-160391
json_metadata{"tags":["hive-160391"],"app":"peakd/2022.04.3"}
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vote details (4)
@therealflaws ·
$0.29
It sounds pretty good to start seriously considering HBD as a real option for saving money. Maybe there is still the dilemma of whether it's more profitable to have Hive or HBD, but it's definitely better to have the money in HBD savings than in a bank, lol.

Thanks for the hard work. 
👍  
properties (23)
authortherealflaws
permlinkre-gtg-ra51yp
categoryhive-160391
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vote details (1)
@thisnewgirl ·
:C we are now at 15 % 
properties (22)
authorthisnewgirl
permlinkre-gtg-sia3do
categoryhive-160391
json_metadata{"tags":["hive-160391"],"app":"peakd/2024.8.3"}
created2024-08-15 21:22:39
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@gtg ·
Which is still pretty cool! :-)
properties (22)
authorgtg
permlinksia5gr
categoryhive-160391
json_metadata{"app":"hiveblog/0.1"}
created2024-08-15 22:07:39
last_update2024-08-15 22:07:39
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@tommycordero ·
$0.33
HBD is way more complex than I had first imagined, seems like you guys have been working a lot since the steem days. Looking good! 

In the future, please provide users the ability to mute specific tags. Thanks!
👍  
properties (23)
authortommycordero
permlinkre-gtg-ra5jfr
categoryhive-160391
json_metadata{"tags":["hive-160391"],"app":"peakd/2022.04.3"}
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vote details (1)
@gtg ·
True, and we are not going to stop :-)
As for muting specific tags, it's an interesting idea but is up to specific frontend developers (hive.blog, ecency, peakd)
👍  
properties (23)
authorgtg
permlinkra67ss
categoryhive-160391
json_metadata{"app":"hiveblog/0.1"}
created2022-04-11 10:29:18
last_update2022-04-11 10:29:18
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net_rshares5,468,347,082
author_curate_reward""
vote details (1)
@tommycordero ·
Thanks! This comment is actually pretty helpful! I will lobby frontend owners to obtain this feature.
properties (22)
authortommycordero
permlinkre-gtg-ra63dk
categoryhive-160391
json_metadata{"tags":["hive-160391"],"app":"peakd/2022.04.4"}
created2022-04-11 10:51:45
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net_rshares0
@tspaula ·
$0.30
You should check out @tommys.shop an ambitious project to have HBD used in the local corner shop.
👍  
properties (23)
authortspaula
permlinkra5b63
categoryhive-160391
json_metadata{"users":["tommys.shop"],"app":"hiveblog/0.1"}
created2022-04-10 22:44:27
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post_id112,180,468
net_rshares263,251,027,770
author_curate_reward""
vote details (1)
@urun ·
![1](https://pbs.twimg.com/media/FQC66JQXEAADT3A?format=jpg&name=medium)

Print the HBD for cheap Hive in the bear! :)
properties (22)
authorurun
permlinkre-gtg-ra6e8y
categoryhive-160391
json_metadata{"tags":["hive-160391"],"app":"peakd/2022.04.4"}
created2022-04-11 12:48:33
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@wecare2 ·
lovely
If you are looking for <a href="https://maidfinder.ae">live out nanny Dubai</a> or a <a href="https://maidfinder.ae">nanny Dubai</a>
👎  
properties (23)
authorwecare2
permlinkra6l37
categoryhive-160391
json_metadata{"links":["https://maidfinder.ae"],"app":"hiveblog/0.1"}
created2022-04-11 15:16:21
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beneficiaries
0.
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net_rshares-307,010,261,467
author_curate_reward""
vote details (1)
@uss1 ·
It's a good 👍 one brother for you giving your time to achieve your goals, how I wish I copied from you 
properties (22)
authoruss1
permlinkre-gtg-t00rch
categoryhive-160391
json_metadata{"tags":["hive-160391"],"app":"peakd/2025.7.3","image":[],"users":[]}
created2025-07-26 18:29:06
last_update2025-07-26 18:29:06
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post_id144,420,824
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@wecare2 ·
awesome!
If you are looking for <a href="https://maidfinder.ae">live out nanny Dubai</a> or a <a href="https://maidfinder.ae">nanny Dubai</a>
👎  
properties (23)
authorwecare2
permlinkra6l2e
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json_metadata{"links":["https://maidfinder.ae"],"app":"hiveblog/0.1"}
created2022-04-11 15:15:54
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beneficiaries
0.
accounthiveonboard
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vote details (1)
@world-travel-pro ·
Thank you for being part of that glue that holds this totally corrupt and centralized place together. Please give more up-dates...like it matters.

<p><center>https://img.blurt.world/blurtimage/world-travel-pro/a7100025abc090a343b413dbfb82cd48fd5c18b4.jpg</center></p>
<p><center>Click <a href="https://blurt.blog/">here</a> to join!</center></p>
<p><center>Click <a href="https://blurt.blog/blurt/@world-travel-pro/ten-reasons-it-s-better-on-blurt">here</a> to learn more!</center></p>
<p><center>Find out who is in full control of the Hive Blockchain <a href="https://hive.blog/hivecommunity/@world-travel-pro/red-alert-wealthy-satanic-pedophile-network-in-full-control-of-hive-blockchain-fbi">here</a></center></p>
👎  , , , , , , , , , ,
properties (23)
authorworld-travel-pro
permlinkra6ngm
categoryhive-160391
json_metadata{"image":["https://img.blurt.world/blurtimage/world-travel-pro/a7100025abc090a343b413dbfb82cd48fd5c18b4.jpg"],"links":["https://blurt.blog/"],"app":"hiveblog/0.1"}
created2022-04-11 16:07:33
last_update2022-04-11 16:07:33
depth1
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author_curate_reward""
vote details (11)
@xplosive ·
$0.34
> We’ve been trying to stick to the recent Ubuntu LTS release while keeping support for the previous one if possible.

Nowadays Ubuntu is one of the best and most popular Linux distributions on the market. Many people are using it even on desktop PCs and on laptops. I also used it in the past. Nowadays I am using Windows 11 on my HP 15s laptop. It is easier for Windows video games. But for people, who do not (or rarely) play Windows video games, nowadays Ubuntu is perfect for everyday use both on PCs and on laptops too.
👍  
properties (23)
authorxplosive
permlinkre-gtg-2022410t184732885z
categoryhive-160391
json_metadata{"tags":["witness-category","witness-update","hive","dev","hbd"],"app":"ecency/3.0.22-vision","format":"markdown+html"}
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post_id112,172,132
net_rshares300,795,169,896
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vote details (1)