I'm not complaining about the 13 weeks thing. But, I've staked some Beer Token and I want to unstake it. It seems that this process takes 13 weeks as well. It is too long for unstaking process. Don't you think?
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I think it is a bit too long.
However, I think it is funny, when every new investor finds out about it at the moment when she wants to withdraw the funds. 😂
Indeed. It is long. 3 months for the withdrawal process.
Wow, didn't know much about staking the beer thing....yepp it's a long time...but there are couple of reasons behind it I guess...that's why it isn't changed in the last 4 years.
Yeah, I came across it while I was going through random stuff on Hive. I was interested to check it out. But, my funds are stuck there for 3 months.
Lol, that must be how you feel now...
Indeed. Lol.
😂
Unfortunately, No.
The sole purpose is to encourage people to be invested in the blockchain instead of just short-term speculation. If you are of the opinion that powering down period shoild be lowered, you can start a proposal and hopefully, the community are align with your ideas. :)
To power down your Hive fully you must wait for 13 weeks. This is built into the code of the blockchain and there isn't any way to speed this process up.
It's important to note that having your Hive as Hive power is a great thing and powering down might not necessarily be the best option for your Hive stake. Having more Hive power increases your vote value, which in turn increases your curation rewards. It also gives you more weight in voting for proposals or witnesses which overall provides you with the ability to have more influence on how you would like to see Hive progress.