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RE: I am AGAINST the 4 Week Power-Down Proposal

in #impromptu5 years ago (edited)

Hello @gtg,

Sorry if I wasn't being clear in my initial post. I believe people should be able to VEST and un-VEST at a faster rate, especially if you are purchasing coins to vest with. Okay so on Steemit, there is SP (Vests), SBD, and STEEM. That's already too complex for people to want to onboard. Fiat uses only one currency, so why are there three? Who is going to want to use three currencies? (these are rhetorical questions).

The amount purchased should be the same amount you are allowed to quickly power down as opposed to simply holding Steem without being able to use it for voting.

You can only invest and uninvest in Steem quickly if don't power up. You can't change SP to STEEM without powering down.

You should be able to buy Steem, use it to power up. Be able to vote, and power down faster than 13 weeks or even 4... Because you purchased it. I don't actually see the point in buying Steem if you only have the option to hold it (and have it do nothing) or power up and have it locked up for long periods of time. I feel that Steem as a coin loses its utility.

Regular people don't have 13 weeks to lock up their funds trying a new investment. I feel that the way SP is locked doesn't make sense if you are looking to buying into a coin, and want to see what it does. That alone makes Steemit look unattractive to most people.

At the same time, it doesn't make sense to allow everyone to take all their funds out regardless of the amount in such a short amount of time. That's why, I'm suggesting that if you buy VESTs /SP and not earn it, you should be able to have more control of when you cash out because you bought in.

If you earn SP on site, 4 weeks is too short. Steemit will absolutely crash and burn.

Big Yikes my dude.

Mahalo,
@shello

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