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RE: 1 Week Powerdown proposal

in LeoFinance3 years ago

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.

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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.