Oh, that's a great idea. I've heard similar suggestions about having massive SP accounts lock up their funds in timed smart contracts so they physically couldn't dump on the market, even if they wanted to. I heard someone say the Ripple organization is doing something along those lines. Stuff like that may help increase trust and transparency for Steemit.
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It's called 'Decline Voting Rights':
https://github.com/steemit/steem/issues/324
I checked a few weeks ago though, and none of the big accounts have opted to use it at this stage.
Interesting to see the comments there. With the 13 week power down (instead of the previous 2 years), it does seem like SP could just be moved to other accounts to get around this quite easily, but yeah, in theory it makes a lot of sense.
Yeah, I think it's a shame they felt the need to reduce the power down period. It encourages short-term thinking all around.
13 weeks is still an eternity in the cryptocurrency space, but yeah, I signed up and invested with a full understanding of the two-year commitment. I would have been okay with keeping it in place. Others argue it scared investors away.
It definitely made me not interested. Too much commitment. I came back when the time frame was shortened.
Because you were penalized with an increased rate of dilution (aka debasement) for not powering up for 2 years (1 year weighted average for powering down)?
See my other reply to @smooth about this.