How about changing the steem power down to 1 hour?
Since last May, I have been staying at SteemIt.
Steem is not as friendly to investors as you might think.
Steem is author-friendly.
It seem that the value of steem is valued by the author.
But in fact it is not.
The value of steem is generated by investors. The investor pays for the value of steem.
Since July last year, Steem lost 99% of its value.
Why did this happen?
It is not because of a bad whale, nor because there is no user, nor because there is no good author.
The reason is that only one steem is not friendly to investors.
Today I want to talk about the problem of 13 weeks of power down, one of the less friendly cases. Of the more than 700 ciphers, there is no coin that must wait 13 weeks for their coin rights. It would have been much less in 103 weeks.
Why did Steem choose 13 weeks of power down?
It would have been an angry decision.
Steem gives investors the right to recommend their steem to the author through power-ups and to receive referral rewards.
If you do not take a certain amount of time to power down the system, you can power down and transfer funds to another account. After the transfer (Steem is a possible scenario for as long as the transfer fee is zero), there is a problem of double voting which is recommended action.
The recommended number of days available on 17 scheduled hard forks in the near future will be changed to 7 days.
To resolve the double voting problem, I would like to change the current power-down method that lengthens the power down period and restrains the investor's ownership of funds for a certain period.
- If you apply for power down, it will power down after 10 minutes.
- If you apply for power-up, it will power up 10 days after application.
- Allows you to cancel your application at any time during power-up.
- Allows power-up applications from shaving accounts.
This will solve the problem of double voting for the steem block chain
The investor has the right to own assets.
How cool is this?
This is an investor friendly policy. It is a policy that gives a lot of benefits to investors without imposing any burden on Steem It. So it is not an issue to change these things.
I think there is someone who thinks the value of the steem block chain will increase if it is used in more places. Attach a list of how much BitShare is lost to 97% of its value but not steam.
OpenLedger: Decentralize digital currency marketplace
PeerPlay: Decentralize on-chain games
BlockPay: Point of sales systems for digital currencies
BlockTrades: Quickly exchange digital currencies
Cryptofresh: Bitshares Blockchain Asset Explorer
AppTrade: Mobile App marketplace
BitGate: Your gateway to the cryptoeconomy
BitLand: Land registry in Africa
Ingenesist: Blockchain Studio for EngTech Industries
Cyber.Fund: Blockchain Asset Management
Bittwenty: Cryptocurrency Index Fund
BitKapital: Blockchain Investment Fund
SollyWood -New Money: Hollywood revolution through pricing
FollowMyVote: Voting system on Blockchain
WangChange: Creativity backed by talents
FreedomLedger: Decentralize digital currency marketplace
MoonStone: Decentralize digital currency exchange.
...and many other under development.
Block-chain-based companies that utilize bit-share block chains. Please check out how passionate and cool these projects are going on.
Thanks for share! nice info!
Thanks for sharing. This proposal sounds convincing to me... look forward to more discussions.
but at the same time I don't think that being investor-unfriendly is the main reason for steem's current misery. If it has a future, even if powering down takes 5 years, investors will still swarm here with loads of cash...
The easiest way is to remove steem power entirely. 3 currencies creates a lot of confusion for users.
Double voting would be prevented by allowing only the steem that has been in an account for more than 7 days to vote. This way people won't have to power up /down and can withdraw their steem at any time.
Upvoted and thanks for bringing up this topic
@snowflake 당신의 아이디어는 더욱 멋지다.