RE: Should a small-percentage immediate-power-down option be added to HIVE to increase baseline liquidity, to resist against pump-and-dump manipulations?

[dalz]

The penalty for instant power down has been discused beffore and overall its a nice idea with the only risk of hacks and draining the account ...

The penalty can be burned or go to the powered up stakeholders.

Here is historical data on powered up hive
https://hive.blog/hive-167922/@dalz/hive-power-up-and-power-down-or-historical-data-of-hive-power-share

Comments

[trostparadox]

Thanks!

Excellent info!

I didn’t think about the hacking vulnerability.

Perhaps let folks set their own delay, anywhere from immediate to 7 days.

And of course any changes to that timeframe would be subject to the same delay.

[dalz]

Yes ... btw, Hive has an account recovery option, trugh a second account that users set as an recovery account ..., this is an amazing feauture for crypto and very understamated :)

[trostparadox]

Yes, I was just reading a few days ago about the automated account-recovery system @arcange put together to make that process more robust (to eliminate the 'middleman' from the process).

Here's the post.

Pretty amazing what the folks in this community have done!

[arcange]

I would say that I didn't remove the middleman but turn it into a middlebot 😉

[trostparadox]

👍