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RE: 1 Week Powerdown proposal

in LeoFinance3 years ago

Yes a shorter power down is needed and yes there should be an option to pull it out quickly for a fee which gets divided up to holders.

However lets be serious now this is the least of our concerns at the moment. We need to stop spending so much time jacking around with power downs, APRs, reward curves etc and start building front ends already! That's the real issue here.

Do you really think people are going to buy and power up more hive because they can power it down in 7 days or 30 days compared to 3 months. I'm willing to bet it's a no.

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Yes a shorter power down is needed and yes there should be an option to pull it out quickly for a fee that gets divided up to holders.

It is IMO a super stupid idea. It would make account recovery and so on useless.
Also, it makes again the feeling of holding hive is like a religion.

Power down and the system hurt you. Uncool.

It should be open and fast. That's how web3 should work.

I paid the proposal because I want an alternative to 4 weeks and burn. Because I know to 100%, it will be worse as 13 weeks.

A long-term solution would be if people can choose between 2 options.

Does it fix hive problems? No, but one of them.

And I would they, in general, we would have more power-ups as downs. Because as an investor you always know, you have access to your funds. And this is the feeling that's needed for medium funds.

Super large funds will lock up and be confident. Medium maybe need sometimes money and want access to it, and we shouldn't forget, we are in crypto.

Edit:

And yes i agree more frontends and cool shit are needed and more important, but this change is super easy to work. Like change some numbers and add a little bit of code. So it wastes so recoursess.