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RE: 1 Week Powerdown proposal

in LeoFinance3 years ago

I currently like the stability of our current system has so why not just let it be.

You can absolutely power down or switch to liquid rewards anytime you want.

So this just kind of complicates things unnecessarily in my eyes.

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It would change nothing for people that want the 13 weeks, but add the option for 1 week.

With a more dynamic power-up system, we could attract more holders and reduce the liquid hive available.

For liquid hive holders, it would be stupid to not power up, but they can only influence the system if they hold it longer. because of the 1/13 gov vote power each week.

Longterm it can be the best of both worlds :)

 3 years ago  Reveal Comment

The other ideas with 4 weeks and burn or fee (10%) for instant power down are 100x worse IMO.

Instant for burn makes all keys useless. And market a power down fee is again like a trap.

And this is the other idea around.

I would like to have an open system everyone can feel welcome, without locking funds for 3 months. With 1 week people can have much larger stakes with less risk if money is needed.

A real and safe alternative to other chains, because the hive is really decentralized. And yes also for longterm Holdings.

I have the opinion in power-downs nothing change dramatically, but power-up would increase massively.

ste*m has 1 week now since around 8 months. With the difference, they don't have security updates and optional 13 weeks.

I would say nothing dramatic in a negative way would happen, simply because it's tested already.

The boat of hive is more solid than ever. And I think the proposal would it make even more solid long term. For the price, I would also expect a more positive trend.