Hive is the blockchain with one of the longest, if not the longest unstaking period in crypto.
3 months makes no sense whatsoever, it never did. Im not saying we need to follow other crypto trends but reducing unstaking period is definitely something we should follow
It is long for a reason I believe.
Yeah, arbitrarily chosen. lol. Its nonsense. It just discourages people from staking. Nothing else. We are unique in our need to discourage staking with this long of a powerdown.
Personally, I don't find it discouraging. I can see the advantages of staking Hive. It's called Power for a reason.
You say it is nonsense. But do you also have any data that shows this supposed discouragement?
Bold claims have to be backed up with bold evidence.
Yes. My data is absolutely every other coin with staking.
It used to be 104 weeks and the place was still crowded with people anyway.
I say yeah. Let's at least give it a shot. If everyone starts dumping (unlikely), we can always readjust.
13 weeks is fine.
It is about giving stake better incentives, a market for resource credits for example, which is something we don’t need now with current rate of activity. Plus, 1 month or 3 doesn’t change much and if you talk about instant liquidity for a burning fee that poses too much risk.