I am in-favor of this change. I understand the risk of losing more funds, but also think 7 days is enough time for taking preventative action(s) in most cases.
Changing power down to 4 weeks should increase liquidity and buy/sell actions in the markets, so that might improve price performance.
I think we should not lock people up for 13 weeks because they chose to powered up their STEEM. If they wanna leave they should, if they wanna come back, they are welcome.
It's true when you don't reward people from a reward pool.
How does it changes when we do? Interested in learning what I am missing here.
e.g.
Power up 10,000,000 STEEM, upvote your posts, power down
The simplest way to milk without contributing to the STEEM price.
Do not we all have free downvotes to show disagreements? We powering up and vote, and they powering up and vote. whats they difference? Powering up also serve as the purpose of securing the chain. How the 13 weeks power down is preventing "milking"?
I think one can power down as much as the VP/RC allows at that time. So, you just can't power down after using all your VP. Correct me if I am wrong.
That's incorrect. You can use up all your VP/RC and it won't affect your powerdown time. You may be thinking of delegations: delegated steem can't be powered down.
Yeah. Seems like I did confuse it with delegation. I think we can't use the SP that is being powering down that week. If that is correct then powering up to vote, then power down, doesn't affect much, does it?
We may see a faster
turnoverrespawn rate for abusers, but elimination is not possible given the current tools available anyhow.