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RE: Two big issues that are plaguing Steem from an Investors POV & a proposed solution

in #steempower5 years ago (edited)

I would like to see this but with 2 factor authentication. With the advent of google Authenticator type apps, this type of thing would be great.

There would be a sliding scale; the faster you want your money the more you burn. It requires an owner key as well as the 2 FA and burns 6%; 3% to go to the new pool for projects, 2% to existing SP holders over the standard 15 SP account creation (perhaps goes only to those who have non-delegated >16 SP staked, though this could get tricky since some would just create accounts in order to benefit any time a whale cashes out) and 1% gets burned from the reward pool.

I also think a 6 hour period would be required; if someone has access to all of your 2FA things such as the app on your phone, your owner key and your email/phone number then you should have some serious security concerns and this shouldn’t be your top priority! 6 hours would be enough time to do this type of thing without being a burden on the investor, because when markets move quick you don’t want to wait >12 hours to do these moves.

Hope this can be incorporated into a future update, you’ve invested quite a bit so will they listen to one of their investors?