Yeah, it's just opinion. With the same level of validity as power-down proposal based on opinions as well. Please, don't pretend anybody has any clue about what's actually going on. What I'm pointing out is: this move is just like a wild animal (butterfly?) fighting in the net.
APR was compared to animals similar to Hive with stackable coin, this is all you can SUSTAINABLY get.
And about longer staking period: now investors and everybody are god damn sure, a big portion of the coins will not be dumped in the next months. Is it really necessary to iterate?
I didn't expect this level of hostility, it just proves my point IMO.
Um no.
It's been talked to death in various places that 13-week is bad. People don't want to lock up their funds for that long for some 10-14% APR (which doesn't exist unless you front run "curators", btw, which also defeats the entire PoB concept to begin with). For a DEPRECIATING token.
The hostility towards you is well-deserved because you clearly have no idea what's been discussed among various people on this chain.
Power down time is one of many problems this chain has allowed to go by for so long.
I'm perfectly aware of this discussion, and yes, there is discussion, which I'm just taking part in right now and again. And I believe what comes good with 13weeks power-down is being overlooked. And, please, correct me if I'm wrong, second layer solution for shortening power-down is being developed, isn't it?
If this is hostility-deserving situation In your opinion I just feel sorry for you.
And what is that good? People don't want to spend money to buy HIVE partially because of it. Why would you lock your money down for something depreciating? This isn't ETH 2.0 where the coin is actually valuable.
If you have no clue what it is, then what is fairytale you are spewing? Please, enlighten us about this "second layer" solution for a very layer 1 problem?
You should feel sorry for yourself for coming into a discussion ill-prepared.
Dude, you are spewing with assumptions...
Check another comment of mine in this discussion for value of longer power-down period.
I'm talking about Hive loan platform developed by @klye, but I didn't see update in some time.
Cool down a little bit, this far below my top most pleasant discussions here.
Do you know how long it takes to change your recovery account? Yeah, 30 days. That's a base layer workaround. Not a second layer solution.
This is the part I don't understand. Could you elaborate on your argument?
Escrow is a layer 1 function. It's basically a neglected utility on the chain. Much like multi-sig also exists on Hive, but also ignored.
@Klye is actually using escrow in that service, in part, to circumvent the dumb parameters we have in place. But of course, escrow has great utilities in real financial applications.
But hey, Hive chose to ignore it when it had it back in 2016. Now, other lending projects, smart contracts, etc. fill that niche.
You should probably not pull out the word "hostility" when youre the one calling this proposal "fascistic" on the other post.
K?
It's desceiptive, and clearly about attitude, not a personal thing. But yeah, unnecessary...