Obviously that is all good advice. It very much is a fuck around and find out situation with exchanges. It only takes getting burned one time to have a lasting effect.
At the same time the spirit of the original post doesn't care about what you or I think or do. This is a global discussion about incentives and how users are going to act on aggregate.
Right now Hive gets a huge inflation benefit in that all this money sitting on exchanges can't earn yield and just gets constantly diluted by our inflation rate. The problem is that they have the power to not only change this but also provide instant powerdowns with there liquidity and lure all the tokens to their platform. Not that Upbit needs more than 120M tokens, that's already enough to hijack all 20 witnesses.
If I set my account to powerdown to Binance and then get a bunch of liquid hive, why can't I withdraw and then cancel the powerdown? Its a shady thing to do, of course. The point is, that it ought to be a concern with providing instant power-downs to users.
Huh? You can't cancel the powerdown because Binance controls the powerdown.
It's a by proxy situation where the exchange offers yield on the token like FTX or Coinbase.
Okay, I get it. The scenario is that they control the stake. Another problem is the SEC is only American and CExes may start this for non-Americans even without challenging the SEC.