I have a question of my own... who are we the most interested in owning and having the benefits of Hive tokens. Do the speculative shiba-inu safemoon buying pump and dump owners provide us with more benefit than long term harm? Do they even know there is a 13 week powerdown? I mean honestly do those speculative buyers really even put their money into most coins they buy? (Some do of course but what is the real expected impact)
Will these types ever truly be fully happy with anything other than immediate or less than a week staking? Are we dangling a fish that would actually do anything significant towards our real goals. Is 4 weeks in 1 week segments ever enough to hit those pumps. Maybe it helps with month long trends but will it be enough for those searching for those crazy day long movements?
Obviously more owners is good specially if they come and stay and find a home for their content and time and not just their money. A large quantity of owners diversifying the ownership of the hive tokens provides the benefit of decentralization... which should lead to 1. decentralized price impact but also 2. decentralized governance.
They need 30 days to be a part in governance. But a powerdown which is shorter than the actual time it takes to have governance impact?
Also I'm wondering who you're trying to throw under the bus when you say: "current disorganization of the Hive "core team"."
Stakeholders. Stakeholders of all shapes and sizes who have all criticized the long lockup period at one time or another.
The 30-day delay on governance voting was meant as a protection against instant massive power-ups that could put network security at risk via centralized control. It really had nothing to do with economics.
There's no reason to assume that a shorter unstaking period should or would have any impact on the governance/security side. PoS chains with better staking incentives and shorter unstaking times isn't some novel concept. Plenty of them exist, like Cosmos, Tezos, Near, Waves, Lisk, THORchain...even EOS and Cardano. I think the longest lockup for any of those is only a few weeks.
Long unstaking time is one of the most complained about aspects of the tokenomics of this chain and it's one of the least addressed. It was changed in December of 2016 and hasn't been revisited. It's long overdue. (As are several other changes that we need.)
Appreciate sharing your thoughts on the questions.
Short term speculators provide MASSIVE long term value for us. It is speculators speculating on exchanges that the Hive price in most part depends on. I mean ask @smooth how much value short term speculators provided to the DHF by doubling the daily budget.
Long term investors accumulate. Short term speculators provide us a payout.
I dont care honestly. The question is if us, the long term investors will be happy with it.
Yeah, i can agree with that.
Lets make it a day longer.
No one. There actually is no formalized core team which is a problem. There is a dissipation of responsibility which is why there actually isnt anyone you can throw under the bus.
The truth is that you NEED to be able to throw someone under the bus for a organization to function efficiently.
Does Peakd have someone to throw under the bus? Splinterlands? Ofc they do. Because it has a organizational structure where you know whos supposed to do what. Hive, the base chain doesnt have that right now.
Appreciate sharing your thoughts on the questions.