Shortening the SP hold period is a dangerous proposition. There has been an inordinate amount of attention given to the debt load that SDB represents, in my opinion... And little regard for the debt load the SP represents.
Concerns about the debt load represented by SBD are driven by the impact of additional liquid Steem that would be sold on the market if all SBD were converted in short order. The overwhelming demand would drive the price down dangerously fast. Yet in practice, more liquid Steem is produced and sold on the market as a result of SP balances powering down than SBD conversion...
Shortening the SP hold period will drastically increase the amount of Steem put on the market, an drive the price down to dangerous lows. I think we can find better ways to achieve stability.
The focus should be on increasing incentives to hold SP. Once we take this route of lowering the amount of time to power down, there will be no going back! A better solution is to look at the 10s of thousands of current account and how to incentivise THEM to hold or buy SP.
I disagree... I think SP levels are too high. The focus should be on achieving stability.
Can you explain why you think that? What is the issue with SP levels being high?
These are good points but I think that it is possible to explain it in more accessible way to ordinary user so it doesn't resemble market prediction astrology :-)