Steem would have to become an NFT. There has to be a means of determining the timelock state of any given Steem at any point so being an NFT would allow for that. I am all for having a variable levels of "permissions" dependent upon the timelock status of an account's holdings. Those that are fully vested for the current timeframe would have full permissions and with each step down in time, (say 2 weeks) permissions would be lost such as voting for witnesses, DAO, etc.
While tempting I would much rather have the SMTs actually get finished and forked before the focus moves elsewhere.
It is actually very simple to implement this without making STEEM NFTs. Rather than time locking each satoshi STEEM, we allow an account to set a maturation date on their Steem Power. When the account powers up, bonus VESTS would be allocated as a function of how much STEEM is being powered up and how much time the account has left before the maturation date. The maturation could be increased at will for most bonus VESTS, but never decreased.
For those unware, VESTS are an internal tracker of claims against the Steem Power pool. An account's VESTS do not change over time. As STEEM from inflation is added to the pool, the value of 1 VESTS in STEEM increases so that when you withdraw it later, it is worth more. On the UI, we do this conversion for you and display Steem Power in STEEM, not VESTS, at the current value of VESTS to STEEM.
For users wanting multiple maturation dates, it is fairly simple to create multiple accounts with different maturation dates and delegate all of the Steem Power to one centralized account that is regularly used.
Love this ^
Would this be possible to work into the wallet so there could be a slider or two that govern just a pair, SP and Savings and the respective power down period? Make it simple but then the savings could have a variable rate as well as the main wallet/account? At least this would give 2 options for everyone and then if needed they could go into other accounts and delegation.
Steem Power is the variable rate savings account. The on chain "savings" account is simply a time locked account for security purposes only. A variable time lock on the savings account would seem rather doable. No promises though. Just my initial opinion on the technical difficulty of the change. All changes need to be discussed and weighed both in terms of importance and difficulty.
Unrelated, but I posed this same question to Andrew above...
Do you guys have anyone that fills out exchange applications on a consistent basis? Steem is starting to lag many of its peers in terms of exchange listings and if that doesn't change there is a real chance it gets left behind if/when there is another altseason...
I am looking at a list of the top exchanges by volume and steem is on very few of them...
If some exchanges require listing fees we could get the SPS/DAO to fund those, but I really think this should be made a priority for those not doing development work especially while we are still in a bear market as it will likely only get harder and more expensive if/when there is another full on bull market.