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RE: Why Buy STEEM? And Why Buy STEEM!
There is currently 30 million US$'s worth of Steem and SBD sitting in the Bittrex account, 8 million in the Poloniex account, and so on. I wonder if people would keep that Steem as Steem Power in their own wallets here if there were no power down period and all Steem would be immediately available for trading when wanted.
I would. I sold most of my modest amount of Steem when prices were high; of course I did, I was here to make useable money after all, and not to lock away Steem and look smiling at the amount of SP I had while prices plummeted. I think others who actually use Steem are also hesitant to lock it away for a longer period without much hope of revenue.
What if ...
Just wondering.
i was thinking about something in line with this thinking, but a skew so it's more rewarding for the long term SP holder and yet give liquidity and freedom for all other token holder
Let me give you an example:
Power down should be just 3 days, then we don't need savings, all savins is powerup
Let those who Vest earn 20% of the reward pool....but let the vesting accure geometrically to 20% over say 13
weeksor 1 month, or 13daysCuration is dependent upvot vesting of powerup, the longer you powerup (or delegate, many of the top witness who runs bot will hate this....but it really makes sense)
Example for #3....SP start at inflation percentage so ~8% and grows to 100% (of whatever curation reward.....this will radically change behavior if you ask me.....could do a trending post on this but i'm too lazy.....so feel free to chat me up and I'll give you the economic details, there is a ton of benefits....including forcing (by temptation) the whales to liquidate at higher prices bringing greater decentralization to ownership, disrupting bot payout, increasing curation reward for long term curators, improving returning value to proof of brain, basically everyone will be powering up, averaging out the % of powerup will out way almost every other stake/vested coin if we go this route, etc,etc.