I don't know this is a system that would be cool for web3. Sure it works for ponzi coins, but web3 should be easy and open.
Dapps need to move sometimes funds and so on. Tax everything doesn't work imo, is leeching the system and really projects that care.
If I understood correctly there should remain normal powerdown period, tax would come in place after instant powerdown is activated?
Btw I wasn't referring to its fundamentals, rather approach to tokenomics and as I far as I can see it worked!
Hmmm we read the same text?
Tax on power up.
Tax on power down.
Tax on rewards.
Do you think this way would work web3? From we spread tokens to we enrich the holders? Like a hidden selfvote?
I don't see any match why an Dapp should try hive if they know they need to pay for users, for transactions (RC), and get taxed if they want to release some money.
I would tax only those who want to powerdown instantly - 10% should be fine for now.
Make it optional, if a user decide to powerdown through 4/13 weeks, he shouldn't pay any tax.
As for taxing when buying, I don't see an actual point other then making it a bit different in terms of dynamics.
So, if any dapp wants to powerdown in order to distribute rewards among its stakeholders, it can do it but only if regular power down is used
RC markets would loss any dynamics.
Makes again a barrier for power ups.
I don't like it at all. My vision for hive would be close to no barrier, free markets and everyone is welcome.
Try new things out and build web3. Thats why i make a proposal for dynamic power downs, without taxes.
Edit: And instant power downs makes wallet recovery pointless.
We gotta do something, 13 weeks is ridiculous and obviously no investor is willing to take such a risk.
I wish it was different, but it's not