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RE: Liquid Hive Power - New Idea You Can Test Out :)

in #hive-1679222 months ago

Imagine how much liquidity and trading volume it would bring - also it would be awesome to buy and hold HIVE, knowing that it has direct impact on your vote value without being locked for 3 months (hope I'm not missing something here ;)

I guess all it will bring is decline in hive value and decrease in in overall interest in hive.
There was an idea behind power down period - I guess to prevent hive dumping.

What is more, I think we can agree that DeFi tokens and hive do not go together. I look forward to wLeo launch, but I'm pessimistic about whole thing.

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If someone wants to dump, he can do it, it just takes longer time to do so. All 13-week lock time period accomplishes is additional reason not to buy and power-up.

DeFi tokens and hive do not go together

It's still very early, ETH fees + low interest in HIVE in general come together tho ;)

I agree - I'm waiting for the third day for the Gas price to fall - I'm going to add some liquidity but I don't want to pay huge commissions - I'll do it as soon as the commissions go down!

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LOl 3.75 is low? lol what are they smoking over there on ETH

They aren't smoking, it is the fallout from all the gas they are burning.

Posted Using LeoFinance

They smoke expensive cigars, setting fire to $ 100 bills - which we pay them for their commissions!)

We're all here to escape PayPal. But let's be honest now, it's not working out so well in ETH land.

Lol absolutely in fact PayPal would be cheaper on some transactions! I think other chains will have to come onboard and help ETH and take some of this DEFI activity on to other chains

I'm sure other chains would looooove to help out with all that nasty excess volume on ETH. One big happy family! ;)

Yesterday, I burned 25$ on gas fees, assuming the transaction would go through. What did I know... it didn't go through as the gas limit was reached(!), no successful transaction, but I do did burn some ETH.#fml

I guess to prevent hive dumping.

Other chains at the top don't have that. If Hive is trying to prevent dumping, it shouldn't be based on that...

A solid platform doesn't need “tricks” to prevent people from dumping. Nobody has said, geeze I'm glad my investment is locked up this tight. It must be building community confidence.

Totally this.

A solid argument doesn't need airquotes or to otherwise mystify a feature it tries to ridicule, but a weak one does.

Nobody has said, geeze I'm glad my investment is locked up this tight. It must be building community confidence.

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I disagree, I am interested in Hive because of the long term power down

It's interesting how we all lost an understanding or the reason behind the power down long period. Me too. I don't really remember why it was designed that way.

I don't think it's worth remembering why it was designed that way, in part because I think some of the original reasons for it were questionable at best.

But it does serve some useful functions.

One that comes to mind right away is it discourages exchanges from voting with custodial stake (although it clearly didn't discourage enough in the case of Steem, as exchanges were apparently persuaded that the rules would be changed afterwards to prevent them from suffering any consequences).

It also favors giving long term investors more say over governance decisions than it does speculators. On the whole, I think that is probably beneficial.

It's also saved a lot of people from losing all their funds when they've leaked their keys.

This. I'd say a month is the bare minimum time if it is ever changed.

But it DOESN'T discourage exchanges from voting, does it?
The exchanges first need to give a damn about Hive to even care to stake. They do not.
Proof of point being steem with Binance and huobi having so little interest in Steem staking that they had 0 clue they were locking up customer funds for so long. .

Another counter to the silly notion: "It deters exchanges from voting thus its justified" is the fact that you HAD to add the 30 day waiting period.
That is a far better detterant and guess what... the justification for locking up funds for 3 months over the fear of exchange voting after this is implemented goes out the window completely.

giving long term investors more say...

Another poor justification. You're doing this at the price of completely alienating non investors. Why do this when you can have both?
You can "easily" adjust the governance model so those that stake for longer have more say. You can even adjust the reward system to encourage it.

There is simply nothing that justifies the 3 month powerdown time that cannot be replaced with a smarter system.
I feel that all it stems from is fear that people will sell and that's the stupidest position to take.

Posted using Dapplr

My opinion is that 3 months or 1 month will have little impact, if any, on the price of Hive (which seems to be what most people are concerned about). I think there's much more important things to focus on. But it is certainly easy to change, from a technical perspective, so if you convince stakeholders that it's a good change, it can happen. But please don't waste your rhetorical efforts on me, as I see the tradeoffs as being about equal between the two choices.

bah grabs @blocktrades by the sholders and starts shaking him dramatically while yelling:

But think of those investors!!!

Seems that investors/stakeholders didn't think that 3 months was a deterrent to investing. To use the words of a famous dumbretardo above

A solid platform doesn't need “tricks” to prevent people from dumping. Nobody has said, geeze I'm glad my investment is locked up this tight. It must be building community confidence.

Yeah, a Solid Platform encourages dumping, speculating and hype, in fact, a solid platform lives entirely off those fumes. Who ever said that we should prevent people from dumping by TRICKING them, because hashtag solid platform.

There is no "trade off" when you fix the faults another way by introducing new features, eg. 30 day wait period.

This could potentially make HIVE more interesting to investors while current powerdown time is a deterrent.
Would it affect the price? Answer to that question neither of us knows. Maybe with a good ad campaign it would. Maybe. Maybe nothing would in the time of the Defi hype.

You're doing this at the price of completely alienating non investors. Why do this when you can have both?
You can "easily" adjust the governance model so those that stake for longer have more say. You can even adjust the reward system to encourage it.

There is simply nothing that justifies the 3 month powerdown time that cannot be replaced with a smarter system.
I feel that all it stems from is fear that people will sell and that's the stupidest position to take.

Does "Discourage" mean "Prevent", because I'm certain that you think that's what it means. You also think that somehow transactions were made that exchanges had no fucking all idea what they were making or their consequences, because "they don't give a fuck about this norank chain". Yeah, SOUND POSITION to take, Genius, who can argue with your reasoning after all #Proofof_norankchain.
|Yeah it's completely STUPID, |retarded even, |to be CONCERNED about dumping.
|In fact, why be concerned at all about such trivialies, |have you not heard about the hashtag
beatdrop

#SOLID-CHAIN-BRUH-exclamated20times.

If you have a Solid Chain you need not Fear Dumping. SOLID CHAIN provides, in Solid Chain we Abide.

No, but really, why do you think that being concerned about dumping and trying to prevent it is the pinnacle of stupid positions?

Solid Chain me bro with Investors.

What the fuck are you talking about?

If this comment was in support of what i said:

👍

If it wasnt:

Good for you man. Its good to have an opinion. You are awesome.

Jesus. lol

Feigning that you don't understand cut and dry ridicule on specific points you made? Do you need me to rephrase the question at the end, which is directly in regard to what you said at the end? How about this, IF you stop pretending that what I said was "opinion" I'll consider being *Awesomest, The and stop ridiculing your nonsense. If you don't, well then you're Awesome.

What the fuck are you doing here then, being the example idiot for the exit scam that hive surely is, this norank chain where you've amassed a small fortune and did it all here, not ELSEWHERE, and did it directly because of the very feature you try to reason via ... that it shouldn't, and I am certain that those other chains at the top also do anything, a modicum of what shit all, that this piece of shit norank chain is doing. I mean look at eth, look at bitcoin, those things are trying to pioneer something segwit, and ummm ETH!!! yeah!

who thunk that free transactions funded by locking up stake was a great idea, fuck they must have been some idiots to not only think that but go ahead and actually implement it for this long, it's a wonder that they managed to fool so many idiots but then again.. . ..

Ethereum fees have been at ATH for the last few days.

I would love to know why you are pessimistic.

Posted Using LeoFinance

It's simple Hive has greater field of usage yet whive didn't succeed at any level. Of course liquid Hive would have a very interesting use option - to bypass the power down rules, but that's all. WLeo might cause some commotion though, thanks to both planned incentives and offered liquidity.