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RE: HF Proposal: Vote AGAINST Reducing Power Down Period to 4 Weeks

in #steemdao • 5 years ago

it seem that we're on the same page @logiczombie

imagine all those people powering down to sell - if they would get all that liquid steem and dump it on the market. I would expect huge selling pressure, pushing STEEM to all time lows :/

Maybe this proposal make some sense, but consequences can be painful.

Cheers
Piotr

5 years ago in #steemdao by
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     5 years ago  

    People wanting to power down will do so anyways, whether 4 weeks or 13 weeks. I don't think people will go rushing to the exists and tank the price if they drop it to 4 weeks, but I am also against changing it for the sake of changing it.

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     5 years ago  

    It's looking pretty bleak at the moment,

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