It would basically be a change to be either "invested" or "cashing out". If you wanted to cash out 20% of your funds, it would be removed from your voting power and dispersed over 3 months. The other 80% that was not being withdrawn would still be vested and count towards your voting + curation rewards.
Basically users would need to decide if their money is in or out.
But what if I want to cash out 20% in three weeks? A full powerdown under the proposal would accomplish that, yet I'd be penalized 100% during that time. IMO, this becomes very over-complicated and cumbersome. There seems no real value to it. Just let people vote on what is in their account, just like you would with votes on stocks. You either have them or you don't. If you sell them, it's done.
Powering down doesn't mean someone is leaving the platform. While it's possible (over 2 years!), it only necessarily means that they may be selling a portion of their holdings. I'm powering down because I am experimenting with it. I power up as soon as I record my numbers. I've bought Steem and powered it up. So I should be penalized the entire portion if I want to cash some out? Wouldn't that be like telling a stockholder that they no longer have voting rights on 100% of their stock because they're selling 1%?
Yeah, I understand. And it kinda makes sense. But I consider the imposition a far greater concern than the market factor. But I am very active in promoting other people's posts too, so maybe that's a factor in my perspective. The other, of course, is just what seems an overbearing and disproportionate penalty.
It would basically be a change to be either "invested" or "cashing out". If you wanted to cash out 20% of your funds, it would be removed from your voting power and dispersed over 3 months. The other 80% that was not being withdrawn would still be vested and count towards your voting + curation rewards.
Basically users would need to decide if their money is in or out.
But what if I want to cash out 20% in three weeks? A full powerdown under the proposal would accomplish that, yet I'd be penalized 100% during that time. IMO, this becomes very over-complicated and cumbersome. There seems no real value to it. Just let people vote on what is in their account, just like you would with votes on stocks. You either have them or you don't. If you sell them, it's done.
I do not see a reason to give a voting power to someone, who are going to leave a platform.
Powering down doesn't mean someone is leaving the platform. While it's possible (over 2 years!), it only necessarily means that they may be selling a portion of their holdings. I'm powering down because I am experimenting with it. I power up as soon as I record my numbers. I've bought Steem and powered it up. So I should be penalized the entire portion if I want to cash some out? Wouldn't that be like telling a stockholder that they no longer have voting rights on 100% of their stock because they're selling 1%?
What you just described in your other comment of cashing out 100% to get 20% in 3 weeks is what this would be trying to discourage.
Yeah, I understand. And it kinda makes sense. But I consider the imposition a far greater concern than the market factor. But I am very active in promoting other people's posts too, so maybe that's a factor in my perspective. The other, of course, is just what seems an overbearing and disproportionate penalty.