Dear @gandhibaba
Wow. Usually we seem to have very different opinions - however this time we're both are on the same page.
I also do not see much benefits for that change. Thanks for sharing link to @steemitblog post. Will check it out right away.
believes that the present 13 installments that complete the power down of account is too long and creates an entry barrier for the big players
In theory it does make sense. But personally I don't see any way that shortening power down period would actually encourage or discourage investors to get involved in steem. I just don't see it happening.
So I wouldn't expect growing demand - however I would expect possibility of rapid price drop whenever some FUD regarding STEEM would hit the news. People are easily panicking, powering down and selling whatever they can and 13 weeks power down period was one thing that protected us from such a scenario.
Definetly changing into 4 weeks power down period will cause short term extreme selling pressure. All those that are powering down right now (because they want to get rid of steem and are done with this blockchain) - all those users will power down almost instantly. And dump all that liquid steem on the market.
I see so many negatives and positives are quite limited.
cc: @lanzjoseg
upvoted already :)
Yours, Piotr
Indeed, almost for the first time we are able to agree on one thing. I am happy about that, especially about the fact that you have further made solid points on why the 13 weeks power down should remain. If the 4 weeks is implemented I will power down 50% or more of my account and be waiting for the sell whistle. Hahahaha. Thanks for your time.