Fortunately, HF23 has shortened the Steem power down period to four weeks. Unfortunately, I have Steem tied up in leases for up to two months. For now, I have been cashing out all available Steem and converting it to Hive via Steem Engine. It is a bit of a contortion. However, it is the only option available to me at the moment.
Previously, I was using Binance to withdraw all my Steem. They stopped taking Steem after HF23 due to maintenance or something, which means they have to test their witness before opening up to deposits. My other way out was Blocktrades, which also stopped taking Steem transfers. Hopefully Steem Engine can hang in there long enough.
In some ways, I am glad that Justin Sun shortened the power down period. He sees it as being in tune with other blockchains that have short power down periods, failing to realize that it's probably why they aren't as successful as Steem was and Hive now is. But, whatever. In the meantime, it's helping me get out of there sooner.
I could get out of the leases by manually undelegating SP. However, I might as well earn a bit more before getting out completely.
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I think Steem still has some potential for rewards farming but that’s about it at this point. I don’t believe funds are SAFU so like you, I’m liquidating as fast as possible and going into Hive 🚀
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You arent alone. Many are moving their Steem Power to liquid. Sun simply does not inspire confidence.
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