I am big fan of a slow powerup, fast powerdown model.
If one wants to powerup, he shouldn't have influence on reward distribution and governance instantly. It should take time, with his powerup growing by 1/13 every week for example. This means that you can't have a short term investor who just powered up for fun change things too quickly.
I know that the governance issue was fixed last HF, it now takes one month before governance power is given to a stake. I prefer a growing influence over time, and for reward distribution this feature is lacking.
Why is all of that needed? Because the powedown needs to be instant. Again, why? Because it is better for hive's price. This seems counter intuitive, but the longer the powerdown, the worst it is for hive's price.
- first reason is obvious, some people don't like being locked in so they don't invest.
- second reason is much more important imo: it allows people to panic sell. All the alts sell off big time at the beginning of the bear market and then begin recovering. Hive however faces never a slower but never ending bear market. Because by the time holders capitulate, they start selling every week, for 3 months. They don't get rid of all their coins at the bottom, instead they start powering down at the bottom then sell every week at higher prices, which slows down the recovery process for hive.
The biggest opposition to fast powerdowns is always security and the fact that investors with Hive power should be long term oriented. The security issue can be solved by making it optional. The long term investor argument is fixed by a power up waiting time. We can even make it longer than 3 months, with older stakes having more influence up to say, one year.
This is a very interesting idea. It would be worth digging into it a bit on other aspects that have not been addressed.
Examples:
Very good points.
RCs system could remain as it is, with full capacity given instantly. I don't see why not.
For the error powerdown, we could make it 1 to 3 days, that would would give enough time for someone to realize the mistake. About the witness shuffling, we currently have the same issue when a whale powers up huge amounts, so it shouldn't be a big problem.
It is unlikely that a whale powers 100% of its stake down if it can powerdown 25% of its HP in one day.
Interesting take on the panic sell.
Although there is much more HIVE on the exchanges now, almost 130M, or around 30% of the supply. But still probably panic sell would impact things to some degree.
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Yes, right now not a lot of hive is powered up because we're at the end of a very long downtrend + consolidation. I expect powerups to increase as the price goes up.