Finding ways to make extraction easier, quicker, more convenient; for hundreds of people(potential sellers). NOT doing anything to make it easier for the millions of CONSUMERS to purchase, in less time(potential buyers).
This really doesnt have much to do with extraction. Its more about enticing investors to invest and stake.
There is about 35% of total HIVE staked right now. Lower powerdown times would entice them to power up. Thats all this is about.
No one is proposing a powerdown reduction so everyone can sell. That would be crazy.
A lower powerdown time would potentially increase staking and remove Hive from the market which would drive the price. 35% is extremely low. ADA has more than 75% staked for example.
I know where folks are coming from, including yourself, when that potential positive outcome is explained.
There are many ways to approach Hive. I can settle with four weeks or whatever since that too could benefit the consumer class which is what I feel is lacking. Maybe once folks notice the investor class outside of Hive still isn't interested much in this project after these changes, Hive can work on converting consumers into the investors Hive seeks. All I truly want to see from the consumer class is them staking tokens, rather than tipping, since this business model is a far better deal to them over the long term. No need to throw those billions they spend supporting content away anymore, and I see a lot of potential in having what was once meant to be disposable income now locked into this beloved blockchain of ours. And because Hive offers its own unique menu, I rarely look at what other projects are doing, hoping to emulate. Seems like that's what many projects are doing now, trying to be the all in one solution. That'll only lead to thousands of projects all offering the same thing, giving investors no real reason to invest in any one in particular.
But like I keep saying... Just do whatever. Maybe I'll be wrong and this will change things for the better, so it's fine to be wrong. I expect to see more of the same though and since consumers are destined to benefit from the hardfork quite a bit, I'd still rather, at some point, continue to focus on that market. The other markets are still important though. I don't discount that fact.