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RE: Proposed Changes to Steem Economy

in #steem8 years ago (edited)

And yes I think it should be dynamic. I think when the price is going down the speed we power down should decrease indefinitely. This would make us all want the price not to go down no matter how much or how little SP we have. When someone has a lot of SP then being able to power down faster is going to be attractive no matter what the market cap is but for someone with very little SP maybe they wont mind if powering down is slower when the market cap is lower. We should at least discuss this idea.

Why should we reward people for an unprofitable platform?

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That's setting network rules for heavy handed top-down market manipulation in my eye.

Price is down? The network forces everyone to cut supply. Totally artificial. I don't like the idea.

If you think that is bad then let's keep everything as it was set from the beginning. But if we are going to manipulate then it should be adaptive to market cap and not to transient preferences. There should be a formula which determines things and not public opinion.