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RE: HF Proposal: Vote to Reduce Power Down Period to 4 Weeks
Funny, I don't see anyone clamouring for lock-in periods with bitcoin. Or, really, any asset in the world. This stuff has been solved a long time ago with various methods of cold storage. I'd imagine hardware wallet support will be enough for most regular people. Not to mention, there's the account recovery solution and savings account. Even beyond those, there are better solutions. What more does one need, at the cost of negating all investor appeal?
Many of these "unique features" of Steem have failed. It would be prudent to adopt what has proven to work in the crypto market. There's a $240 billion market of tokens with no lockup, how much for those with 13 week walls, again?
Glad you are of the same mindset, please will you cast your vote on the proposal @
@liberosist
My vote is negligible, but I've voted anyway. To be clear, I would prefer to have a 3 days power down period, and have the payout period reduced to 24 or 48 hours. But 4 weeks is a step in the right direction.
Why would you want payout reduced? Then you'd only have 24 or 48 hours to earn rewards. Way too short. People don't log on every day to upvote things. If anything it should be longer for payout periods. The fact that you can only earn rewards for the 1st week is kind of shitty. It should be forever with payouts being made every X amount of days or X amount of earned Steem.
Steem isn't locked up, it's liquid, just like Bitcoin.
It's only Steem Power that's locked and I think it makes sense to keep Steem and Steem Power separate and distinct.