You are viewing a single comment's thread from:

RE: 1 reason to change powerdown from 13 weeks to 1

in #steem6 years ago

The main idea was to offer daily returns such as @ocdb to investors who don't necessarily want to know what exactly is happening with their Steem they've invested in as long as it provides them the daily ROI + be able to withdraw the funds whenever they want.

Right now it would take 5days+13 weeks to liquidate everything so they'd have to take a chance at when they start the powerdown which during it would only get your curation rewards or ROI by selling it through smartsteem market.

Sort:  

You will notice that most “investors” will not mind locking in their funds for longer period of time. Yes, of course, as fund manager you need a solid contract then. Many will even pay a fee for managing their funds too.

Yes, times are changing and this is an unregulated stock market mostly.

There definitely is a model achievable. Whether it is a healthy one or a card house, that’s a different debate.

“They’d have to take a chance” is as much a protection as an inconvenience to them.

If you offer a high ROI there’s probably going to be inconveniences in the model as well. Most know that.