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RE: HF Proposal: Vote to Reduce Power Down Period to 4 Weeks

in #steemdao4 years ago

There's orders of magnitude greater usage for Bitcoin. BTC transfers are worth thousands of times more than STEEM transfers every single day. Not to mention, Ethereum and its many ERC tokens have a far greater diversity of operations and transactions than Steem, as do other several other chains, almost all of which have zero lock-in. Or, EOS, which processes dozens of times the number of transactions as Steem, and has a (still unpopular) 3 day lock-in.

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That's complete BS. Obviously the median transfer of BTC is higher, but most of it is through cold-wallets. I wouldn't hodl 100k or 1M in BTC in a hot-wallet. I would only access that wallet from a trusted souce very, very rarely. I would probably even have multiple wallets to reduce the risk factor and use a hot-wallet for most general transfers i.e. purchases.