No compromise on the power down. The entire point of the power down period is to prevent the non-committed such as exchanges from being able to make these kinds of plays. 13 weeks powerdown is the smart contract they signed with their keys when they powered up.
We are in this mess because of a one-off rule effecting an individual account of steem, ninja mined or not it was a one off solution, so no. No!!! No exception to the power down rules. Prior to steemit being sold, the promise was the next hard fork would be the SMT stand alone Hard Fork, and that is what should be done. We have seen in the past how changing to many parts of the code has not worked out. When you power steem up I believe all the wallets tell you there is a 13 week power down, if they did not read or did not understand it to bad.
FOR NOW (since Justy likes this phrase)
Leave it at 13 weeks. A complete test of a hard fork can be built and tested, once Consensus Witnesses are in place.
I feel like the Exchanges are hold Steem Community, AND their own customers' assets hostage. What prohibits them from Powering down NOW? Why not start? ONCE a complete build happens, and it TESTED, Exchanges can always stop a power down, and restart. But no... why not POWER DOWN, now, and stop holding a sword over clients and Steem Community members, with an unspoken threat?
yes 1. i was not sure if to subcomment or make a separate comment? anyways if massive amounts of steem can be liquid at once and sold then it may induce massive volatility to the steem price which will drain our assets.
Yeah, but it is not about liquidity even if he wants to make it appear like it.
The exchanges can buy all liquid steem on other exchanges if they have to fulfill customer withdrawals.
I think their only concern is that 32 Million steem might be somehow lost forever (by hacking or malicous actions by anyone (like some of the witnesses who have shown to be really butthurt)). If the steem is somehow lost, they can never get back customers' funds, because there is not enough liquid steem left. This might imply horrendous legal consequences as the powerup was illegal and losing customer funds in a voluntary and illegal action is probably their worst nightmare. Getting sued into bankruptcy is likely the biggest concern.
The exchanges rushed into a situation without fully understanding it.
I can't see how that is our problem.
This!
No special treatment!
I say keep the 13 week powerdown.
Remember they are playing to win.
This was a HOSTILE ACT AGAINST STEEM! However we don't have to be dicks about it.
They, the exchanges made a strategic mistake while executing a HOSTILE TAKEOVER! Face it HOSTILE!
We don't need to apologize for that and we don't need to help them fix it.
And we don't need to be dicks about it either.
We just need say "sorry but no."
Then say "So what's next item on your list, Justin?"
Oh ya I forgot to add.
When the exchanges buy the steem they need to satisfy customer withdrawals from the open market, the price of steem goes up!
When the internet sees we have successfully defended ourselves from a hostile takeover, the price of steem goes up.
We can only lose from here.
In other words.
We have already won.
We just need to hold the line.
No compromise on the power down. The entire point of the power down period is to prevent the non-committed such as exchanges from being able to make these kinds of plays. 13 weeks powerdown is the smart contract they signed with their keys when they powered up.
We are in this mess because of a one-off rule effecting an individual account of steem, ninja mined or not it was a one off solution, so no. No!!! No exception to the power down rules. Prior to steemit being sold, the promise was the next hard fork would be the SMT stand alone Hard Fork, and that is what should be done. We have seen in the past how changing to many parts of the code has not worked out. When you power steem up I believe all the wallets tell you there is a 13 week power down, if they did not read or did not understand it to bad.
FOR NOW (since Justy likes this phrase)
Leave it at 13 weeks. A complete test of a hard fork can be built and tested, once Consensus Witnesses are in place.
I feel like the Exchanges are hold Steem Community, AND their own customers' assets hostage. What prohibits them from Powering down NOW? Why not start? ONCE a complete build happens, and it TESTED, Exchanges can always stop a power down, and restart. But no... why not POWER DOWN, now, and stop holding a sword over clients and Steem Community members, with an unspoken threat?
I now have over 6,000 steem held hostage at binance.com, right now.
Day 2 of the Binance BANK RUN
I am sorry.
Keep reminding them on Tiwtter daily. it seems to be affecting the narrative.
Their choice, their problem
yes 1. i was not sure if to subcomment or make a separate comment? anyways if massive amounts of steem can be liquid at once and sold then it may induce massive volatility to the steem price which will drain our assets.
1/13th every week gives them ample liquidity.
Yeah, but it is not about liquidity even if he wants to make it appear like it.
The exchanges can buy all liquid steem on other exchanges if they have to fulfill customer withdrawals.
I think their only concern is that 32 Million steem might be somehow lost forever (by hacking or malicous actions by anyone (like some of the witnesses who have shown to be really butthurt)). If the steem is somehow lost, they can never get back customers' funds, because there is not enough liquid steem left. This might imply horrendous legal consequences as the powerup was illegal and losing customer funds in a voluntary and illegal action is probably their worst nightmare. Getting sued into bankruptcy is likely the biggest concern.
I want to see all the snakes bankrupt and in prison.
This.
They want out ASAP without repercussions.
A regular power down is the quickest, and easiest, way to do it!
So it's a matter of trust in other words!
Or lack of it.
My vote goes to this one.