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RE: Powering Down STEEM Power: the mechanic
Thanks you for this well investigated post. I really appreciate all the insight people such as yourself provide on here. I followed you for that.
I guess it is a benefit that the slow to remove funds will help a major run on the currency..or will it. Yes it takes 13 weeks but the sell orders can all go in rapidly. A 13 weeks collapse versus a couple...is that any different? And can people cancel their sell orders or once they initiate it, are they stuck for the 13 weeks?
One can cancel their Power Down-process at any moment. At least it did when I tested this function. Transferring STEEM (back) into STEEM Power happens instantly ... !