You are viewing a single comment's thread from:

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

in #steemdao4 years ago

I don't think the typical end user would see any difference other than the word "Staked" used instead of the word "Power". I'm not at all convinced one word is better than the other.

Most already perceive SP to be the same currency as STEEM in the sense of 1:1 value plus a little interest.

Sort:  

I actually don't mind the word Steempower, but is there actually a need to have a separate currency in the form of vesting-shares?

Having that we might make the next step and introduce the internal Steem/SP market, which should remove all the frustration coming from the longer lock up period.

This seems like an elegant, and almost weird loophole, would this make Lock up almost semi-irrelevant?

Yes, that's the idea)