So after again the discussion begins about Power down, let's get it Real.
If enough people like:
1 Week Power down.
Gov votes charge every week 1/13. So no one can take over.
Treasury for people that want 13 weeks, it would be the same as we have now. It's a 13 weeks power up. You also can have 50% 13 weeks power up and 50% 1 week power up. For me sounds super cool.
And for the end. You never power down? Why don't get a gov bonus? like 5% a year for the start? Would Rewards all long term Never power down people :)
YOU WANT IT? REPLY AND SHARE. THEN I DO AN PROPOSAL TO CHANGE IT WE ALL CAN VOTE!
Why this again?
And I don't see any benefit in 13 weeks. For people that see a benefit, they can have it in addition.
This was my answer:
My solution would be:
1 week Power down. ( cleans also out faster week people)
Gov votes charge like voting energy. 1/13 each week ( so even more longer). Only True power holders have the power.
for Long term Holder also some Bonus gov votes benefit up to 20%. Why? More why not.
I know people like burns for instant power down.
But People compare.
Steem = no penalty/ burn to "against sellers"
Hive = you have to give away money.
And yes people look like this at it #dogecoin :)
With 1 Week Powerdown, it would be stupid to hold a lot in liquid. Then more people power up, earn rewards, and less liquid is there to buy.
No Network Risk possible what some people always think. Steem is the testnet in this case + we can improve the 13 week gov votes to make it the same security level + more liquid-
To "I want to lock up my funds for 13 weeks", in short. Add a treasury, it's the same as power up with lockups up to 13 weeks. Not longer because I know people misstype 130 weeks and cry forever :)
And at the end, a liquid hive with an exchange mechanic to HBD in Pools would also add more value to the hive in total. Would be a community-backed Defi thing with sometimes nice returns (APR).
And I'm against every burn or anything. SImple because its we are the holder and we can make the rules. It would be idiotic to not try to get the best is possible to hive.
If burns would suck, we would have it for a minimum of 6 months or more. So i would prefer a shorter period like 1 week ( or 10 days, whatever).
Posted Using LeoFinance Beta
I almost feel the same!
Reblogged and share it on Twitter.
I’ll also share this with my next month summary blog.
Looking forward to the proposal
Posted Using LeoFinance Beta
Thank you!
1 week seems a bit to radical to begin with. I think 4 weeks is a better starting point down from the 13 weeks.
We might want to try with 1 week powerdown in a future HF.
I would say change it to often confuse only.
A final solution for a longer time would be needed. And if it's flexible up to 13 weeks, everyone can choose how long they want it.
Ye ofcourse. But HF isn't often :D
1 week is just way to radical if you ask me.
Not sure anyone would choose 13 weeks on their owm if they can do 4 xD
it can be also 1 week and 4, but i think it is a good middle way, because you can choose all advantages of 13 weeks ( security) + all from 1 week. In general i like it :)
I think you might be right :p
It could be a feature which requires your active or even master key in order to change the length of the powerdown
I don't understand some of this proposal. What do you mean by
Do you mean your votes lose 1/13 of their strength each week? Or something else?
they charge every week.
it prevents exchanges to power up the funds and take over the chain.
So you need 13 weeks of power-up time to have 100% of votes for proposals and witness votes.
each week you become 1/13.
Today you need 30 days of power-up time to 100%.
So it would become more secure.
Ah, okay. I see what you're getting at. Governance votes take longer to get to full weight. alright, you got my support on this one.
I fully support this... where's the proposal?!?
coming soon if enough people like it or spend some attention on the topic :)
https://peakd.com/proposals/177
proposal is out :)
@blocktrades @smooth @gtg @therealwolf @good-karma @roelandp @ausbitbank @steempress @themarkymark @pharesim @steempeak @followbtcnews @arcange @ocd-witness @yabapmatt @someguy123 @anyx @stoodkev @aggroed @abit @emrebeyler
First sorry for tag you all, but I would love to become some feedback on it.
Because I think the idea is in general not bad. Would be hard to game with abuse. And could be a long-term solution
Also, it would be an alternative to all the instant power down +fee ideas that makes keys and wallet security a bit useless.
Feel free to call me idiot :)
I consider "one week powerdown" as being too short as long as we have the social aspect of our platform on layer 1.
Should it fully move to layer 2, I would reconsider my opinion.
Also with the combination idea of 2 timeframes?
Rewards could be always rewarded in 13 weeks. And funds that are powered up can be chosen between both.
So I think it should doesn't affect the social aspect in any way.
And thank you for your reply :)
Link to proposal: https://peakd.com/proposals/177