There are other ones currently being talked about and in the works such as
keeping 13 weeks but having a option for immediate powerdown with a 10% fee
or
4 weeks and having the option for an immediate powerdown with 10% fee
These sound a bit more promising.
My optimal vote would be keep 13 weeks and introduce the instant powerdown option of 10% fee
Regardless, it needs to be faster with a speed up option.
Unfortunately, I highly doubt the burning mech will come.
Could either be burned or divided up 5% DAO 5% to those holding Hive.
Incentives holding more Hive to gain more.
I'm fully supportive of anything like that.
We need better staking incentives on layer 1. This content thing needs to move to layer 2.
Who cares how much money the so-called whales are making or entrenched in governance when normal folks can actually earn without all the reward disagreement drama?
It was bloody dumb to force everyone to be a content creator and curator on the base layer in the first place.
The multilayer concept is new, it was a purpose built blockchain for blogging.
Behind times that is.
It amazes me that Larimer popped smoke to work on EOS, rather than trying to make STEEM an airdrop on top of EOS. Now we are trying to build multi-functionality onto a purpose-built blockchain.
Are we actually trying to create value, or are were trying to preserve/extract existing value? What does evidence suggest?
He's not called a "serial entrepreneur" for nothing.
Anyways, it was meant to have multi-layer given the whole SMT sham. But, what do I know? Right?
We even have escrow and multi-sig that was sparsely used, if ever, on the chain.
EOS code was originally being developed as an upgrade to Steem. How is it that people haven't figured this out by now? It was just determined to be more lucrative to launch an ICO instead.
My hope is that in case 4 weeks are accepted that the core dev team would add something like this on top of that change.
But this is a start.
Sure, I agree. The problem here is that there are plenty of solutions always in the works and always discussed here, there and nowhere.
4 weeks is simple, clean and a first step. Once we make that first step we can start tweaking it further.
If we become stuck in discussion of 10% instant powerdowns with a burn, or a token redistribution, or a 2 week with 15% or a 5 week with 50%, or whatever, nothing will be done and we will be stuck in a perpetual discussion with no one taking a leap and actually doing something.
Lets do this and talk about everything else afterwards.