the problem I can see from the 1 week powerdown proposal is that, the steem price will crash really fast if the big whales power down.
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the problem I can see from the 1 week powerdown proposal is that, the steem price will crash really fast if the big whales power down.
Exactly!
That's not always a bad thing, our market could use some more volume and bigger buy and sell walls.
This is actually happening only with steem...
How about the rest of the crypto out there? None has 13 weeks period to have your funds available.
If something is meant to crush it will... at times I think the whole 13 powerdown thing is just an excuse...
Steem is different from other crypto. I can purchase 100million steem, then power them all up, upvote all my posts and comments, then power all down. I will make nice profit just keep taking advantage of 1 week power down.
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Mate, I know what you mean...but trust me if anyone ever purchases 100 mill steem it won't be about blogging...
Some people keep on doing exactly that as we speak without the need of powering down...