Terrible idea. One of the reasons we get to vote up/down and earn rewards is that it is essentially interest for staking. You're suggesting removing the time-locked requirement to obtain inflation, which makes no sense. The incentive to stake is NOT to have control over governance but to get a share of the inflation. Steem was designed as a sort of Certification of Deposit system, without the time-locked aspect, there is no justification in paying out inflation rewards to stakers.
You are viewing a single comment's thread from:
You could place it in a lower tier for inflation payout. I think @therealwolf had suggested a multi-tier approach.
Only acceptable if reward from inflation was directly related to time-lock length. A 4 week powerdown is so short there is no justification in offering a reward pool at all.
Now, if Steemit Inc. wanted to do a hardfork that removed the reward pool for STEEM, and make STEEM exclusively about RCs, then yeah, I'd be down. Just make all inflation go toward witnesses and staked interest and increase interest rate by time-lock length and you have a nice design right there. Then the PoB reward system could be exclusive to SMTs.
That is a hardfork I could go for, but there is no justification for providing interest to people not locking their stake up for a good length of time. The whole design of STEEM was that inflation would be paid out to those increasing the value of STEEM, benefiting all parties including those owning circulating supply.
The 8% inflation is only justified if price goes up for circulating, which depends on those locking up supply.