I'm not really the guy to ask, but from what I can gather, having that long power down period adds stability to the platform. Additionally, I don't think anyone wants to lose their account so the incentive to follow through is augmented. It just seems like a simple solution that could also open new opportunities.
On one hand you want to keep a long powerdown period for perceived stability, on the other you are fine with a tool that can circumvent that feature in seconds.
I would like to see a more industry standard lock-up period for staking and the added features of klye.loans.
Yes, and in doing so it opens financial opportunity for whoever is providing the liquid resources, and maybe the network as a whole, depending on how the interest is distributed. It only circumvents in seconds for the borrower. The chain still has 13 weeks. A lender makes a little scratch for holding liquid for lend. This seems reasonable to me. I may be missing something, lol, likely a lot, but on the surface it seems like a good idea to me.
I think second layer rewards would be a big win as well. Not sure what a Bro down is though.
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What does he mean by cash out, is he telling you to cash out? lol brave man haha!
Essential to Carman's business plan:
I think so too. And shorter power down OR a non-curating investment use case for Investors, like valuable rcs.
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The shorter power down is being circumvented via a Hive.loans project by Klye. I think this has the potential to be a much better solution.
I keep hearing that argument but I don't understand why the blockchain itself isn't the better place to handle basic functionalities.
I'm not really the guy to ask, but from what I can gather, having that long power down period adds stability to the platform. Additionally, I don't think anyone wants to lose their account so the incentive to follow through is augmented. It just seems like a simple solution that could also open new opportunities.
On one hand you want to keep a long powerdown period for perceived stability, on the other you are fine with a tool that can circumvent that feature in seconds.
I would like to see a more industry standard lock-up period for staking and the added features of klye.loans.
Yes, and in doing so it opens financial opportunity for whoever is providing the liquid resources, and maybe the network as a whole, depending on how the interest is distributed. It only circumvents in seconds for the borrower. The chain still has 13 weeks. A lender makes a little scratch for holding liquid for lend. This seems reasonable to me. I may be missing something, lol, likely a lot, but on the surface it seems like a good idea to me.