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RE: 1 reason to change powerdown from 13 weeks to 1

in #steem6 years ago

Do you remember all the buzz we experienced when Ned initiated his PowerDown? Imagine if he could withdraw all his stake in a week or two... How could that affect the market?

I think, it’s great that we all had time to calm our emotions and make the right decisions. IMO, 13 weeks are designed to protect the price and make the system more predictable. Investors should be interested in that too.
Yes, 13 weeks may seem too long period, and we can find a balance somewhere in between. 5-6 weeks for example

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I would make it 7 weeks.