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RE: Proposed Changes to Steem Economy

in #steem8 years ago (edited)

Pretty sure Ned suggested this months back. It'll definitely be an incentive to hold SP. There should be plenty more of those - there should be a solid incentive to not power down. And yes, partial power downs should be possible, of course.

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Any time you add an incentive to hold something you add a discouragement to buy it. That is largely what this entire proposal is about. By adding a lot of restrictions and demands on how investors are "supposed" to behave, it tells others they are not wanted. I prefer a "big tent" where anyone who wants to invest their capital in this system is welcome and not (more than security requirements dictate) disadvantaged because their particular approach to investing might differ from another person's approach.

IMHO, I feel all friction should be removed for investors, and question making Steem Power liquid. (Though of course that would be a long term goal, for the short term 3 months sounds fine.) 9.5% is a low enough inflation rate to not require a hard lock in period, which will probably psychologically discourage investment much greater than that amount.

Even so, there should be incentive to hold Steem Power, and it could be driven by gamification of the platform. Other cryptocurrencies have thrived without any holding period, while free to play games have thrived through gamification.

Of course, a balance needs to be found between the two...