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RE: Question Thread #1

in Reveriolast year

I think 13 weeks is just right, and the only lower number I'd accept would be 12 weeks. I wouldn't make it more than 13 weeks because we do want the Power Down to feel

As the other comments have explained, the main reason you want Power Down to take longer is to stabilize the price. If a bunch of whales wanted to get out of HIVE and liquidate all of their stakes, other users will have 13 weeks to prepare for the gradual damage to the price that would do. If the period was shorter, the damage will be faster and more severe.

I believe many Hive-engine tokens have a Power-down time of only 4 weeks, though. So that could give us data on how effective 1 month Power Down time will be when the scenario I mentioned happens in one of the tokens there.

Have some !PIZZA with !LUV