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

in #steemdao4 years ago (edited)

That's actually what I gathered from your comments on this post but I didn't check which of your comments were the most recent @thecryptodrive.

  • I will respect your most recent views on this and thank you for clarifying.

As much as I am not in favor of a 4 week Power Down I would be much more comfortable with it if we applied @tombstone's idea since 1 week is too short of a timeframe for someone to be able to withdraw 25% of our stakes, especially since we use our active keys often.


The idea of increasing the holding periods that are possible, using the Savings Feature, AND blacklisting exchanges from using SP before they ever have a chance to take control would both make a 4 week Power Down more viable IMO.

But exchanges possibly taking control of the Steem blockchain should not be taken lightly IMO, since once they'd gain full control of the blockchain, it would be nearly impossible to take it back from them.. so rough estimates of a 4 week Power Down being enough to deter them isn't good enough IMO.

Thank you though for letting discuss this with you @thecryptodrive.. if I accidentally misrepresent your views I will always accept your corrections 👍