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RE: Why four weeks power down makes sense though some top witnesses are against it?

in LeoFinance4 years ago

I think these two proposals are a good idea. Four weeks is better the 13 weeks in terms of getting your money back and being able to power down instantly with a 5% burn provides the opportunity to sell for large gains at a moments notice. These changes could attract more investors and increase the price benefitting curators, authors and investors.

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I also agree, but few people are more concerned about security, say if the account gets hacked, the thief will wilingly burn the fees to get the steem out faster. 13 weeks reduces the risk of that happening

Posted via Steemleo

This is true. The 5% fee and instant withdrawal does create this risk. I think a delay of “x” hours for the instant withdrawal could also be a part of this proposal .