You are viewing a single comment's thread from:

RE: PowerDown Debacle

in LeoFinance4 years ago

I am in favor of a instant power down + fee pretty much since I found out what this place was. I have post dating back years on the topic. Instead of burning the fee, you give it back to Hive holders. I've talked about account security a lot as well. In my post about it, I pointed to the fact this would be "opt in" - if you opt out, then the feature is gone, and you can't use it. So this is simply giving people that want the ability to instantly power down a way to do so. Returned HP from speculators back into HP holders hands would dramatically raise passive rewards on everyone's Hive funds.

It never really made sense to me not to give people a choice and alienate a whole crowd of people from powering up. If you want your account security, under this model, you can have it. And the ones that want to enjoy volatility can choose to do so.

Also, having the ability of a hardware wallet would add the highest form of 2fa, physical.

On the change for the price? I'm not concerned about that. I just think this is a useful feature that will benefit long term holders greatly at the cost of short term speculators. I'm a fan of leaving the 13 weeks as is with the instant PD as an option.

Sort:  

Yeah I'm mostly just shilling my own ideas here.
I like the burn model and I'm even trying to create a proof-of-burn consensus algorithm.
I think at the end of the day we just have to be patient and wait for this stuff to play out.
I'm sure we'll be doing more game-theory in the future as variables change.
I imagine 3Speak is going to change the game in a lot of respects even though it exists outside of Hive consensus.