I think we need to reduce the power-down period, or at least add an option to burn some percentage and enable investors to have some exit strategy.
Let's be honest, the bull market lasts for few months and not being able to take profit is a big deal.
As @dalz said, we have to reinvent the way HBD is created.
Not needed. Hive Loans is being developed.
https://hive.loans/
Reduced powered down is badly needed.
Hive Loans is a great addition and independent of a power down period
So, if you would like to power down rapidly you can take a loan against your HP, and for a small premium paid you are going out instantly.
How is that independent of power down?
Or we don't hold user stake hostage longer than needed for technical reasons ;)
There are very important reasons to keep the power-up period this long and it's great to have an alternative for quitters soon. It's a good compromise.
Basic functionality shouldn't depend on some added feature that may be available in the future or not.
Most reasons given for 13 weeks power down time come back to a fear of dumping.
Can you make an argument why 13 weeks is better than either 14 or 12 weeks?
I could argue why 13weeks is better than 2-4weeks.
Another side of this fear of the dump' coin is predictability and stability brought by longer power-down. It brings commitment and acknowledges the value of the community. This is what we need at this point I believe, committed users willing to take some risk, people thinking in the long term perspectives.
Anyway, who among speculators would power-up anything for 20% year to year if the market is full of better options. Anyway with the incoming open-source, DHF funded Hive Loans power-down period became an irrelevant issue IMO.
It depends how much liquid hive there will be...
To some extend just the price of the rapid power-down will be affected. The market will regulate it.
It could be solved by providing a bigger ROI for a longer stacking period.
I think it's not necessarily a bad thing to get rid of weak hands, regardless of short-term negatives.
That's another idea I liked in the discussion about potential solutions. Positive enforcement. But I see this as additional thing, not the only mechanism.
Well to be fair it's a 4 month period and powering down is not like all at once. You get 1/13 of your staked hive every week, if the bull market lasts 3 months you would have had time to withdraw most of your stake.
the "burn to exit instantly" is interesting although that could result in a lot of users getting burned when if there is a singificant drop and people panic sell.
Overall there are a lot of ideas being thrown around, I don't have a solid opinion on any of them but they are worth discussing in the hive improvement community.
I think it is time to stop thinking about power down times as a hostage situation.
A minimum power down period of 30 days is currently warranted due to account recovery. Anything above it just looks weird.