- Gender
- Male
- Device
- Google Pixel - Android 9
- Country
- Canada
First of all, hello to everybody!
In a recent post, I've mention some changes about the banking system which will ultimately affect the economy of the forum.
As I mentioned, it is probably due to the current 100,000 SB Points contest which is affecting the value itself. So to keep the SB Points from inflation, interest rate needs to be lower, thus pushing demands to grow and encourage users to spent more rater than keep SB Points. Ironic as it is, the bank will not be able to serve its purpose to generate income as intended, and will eventually lose customers. From my understanding, new users using the banking system will not be able to rejoice from their investment, as the payout will be long. As counter solution, I think it's best to readjust the interest rate. However, should the bank also reconsider the frequency of transaction, as in a regular bank (or some may not). Limiting the numbers of transactions per month/week or extra fees will force users to reassess the value of SB Points.
The point of this exercise is to maintain a healthy economy system where users will constantly be in need to reevaluate their saving.
Thank you for taking time to read.
<3 Please share your opinion, I'd like to know what you think about this adjustment? <3
In a recent post, I've mention some changes about the banking system which will ultimately affect the economy of the forum.
As I mentioned, it is probably due to the current 100,000 SB Points contest which is affecting the value itself. So to keep the SB Points from inflation, interest rate needs to be lower, thus pushing demands to grow and encourage users to spent more rater than keep SB Points. Ironic as it is, the bank will not be able to serve its purpose to generate income as intended, and will eventually lose customers. From my understanding, new users using the banking system will not be able to rejoice from their investment, as the payout will be long. As counter solution, I think it's best to readjust the interest rate. However, should the bank also reconsider the frequency of transaction, as in a regular bank (or some may not). Limiting the numbers of transactions per month/week or extra fees will force users to reassess the value of SB Points.
The point of this exercise is to maintain a healthy economy system where users will constantly be in need to reevaluate their saving.
Thank you for taking time to read.
<3 Please share your opinion, I'd like to know what you think about this adjustment? <3