what is the difference in the safety of exactly 13 weeks as opposed to 2 weeks ?
hive can thrive without such a long time )
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what is the difference in the safety of exactly 13 weeks as opposed to 2 weeks ?
hive can thrive without such a long time )
Skin in the game. Long term engagement and commitment. Providing stability and predictability to the system
It used to be 2years at the beginning and 6months later on. Always while market is not so sure there is one or two guys bringing it up... This just proves it's not for a Hive but for particular investement decisions of single users.
previously , the power outage was 2 years ?? it's a very long time of course. But for ordinary users who in the whole mass do not understand even what it is necessary for, it takes a very long time and scares away. You can also make it so that it is 2 years, but in this case the percentage of accumulation should be an order of magnitude higher, which would be fair. Perhaps it is better to make it so that the shorter the power accumulation period, the lower the percentage , and the longer the period, the higher the percentage , respectively.!!
The other idea is to declare staking period upfront and weight-value your votepower accordingly.
There were various solutions discussed both layer1 and layer2. Like giving up some part of your HIVE for shorter period of power-down. Most of these brought by the fear of the markets, not substantial arguments. This might come back again and again but without essentials discussion is futile.
Actually without this long period the whole value is lost, so if somebody doesn't get it there are other options to invest: liquid HIVE, HBD, HE-tokens.
HP is a governance token and 3months make sure that people involved are ready to take long term commitment to support their ideas and views. This is basic of HIVE. Stake is a warranty for all investors that this place will be lead in the better direction. Hive is the only altcoin without company behind it which would be incentivised by profit to improve itself. Hence 13weeks. Is it a lot in this context? Not IMO.
This ecosystem is thought-through really good and changing such crucial things shouldn't come easy.