My Thought About 4 Week Power Down Proposal.

in OCD6 years ago

I saw a post today of @steemitblog. They want feedback from us (steemians) about new proposal 4 week power down.I think it is very controversial proposal.I have read all comments of that post.Everyone have expressed their opinion from their point of view.Some people against that proposal, and some are supporting.This valuable argument is going on.This is the @steemitblog post.
https://steemit.com/steem/@steemitblog/feedback-wanted-4-week-power-down

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At first we have to remind power down is related to steem social media platform.So, you do not think this things with other major crypto coin.Bitcoin,ethereum, xrp, litecoin etc are not blockchain based social media platform.They are only blockchain based crypto currency.

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Steem power down is related to steem social media.This power down can help some people to get back his steem faster.But as a community this proposal has some disadvantages.As a individual it is good for all.

Now you have to think from your perspective.You can accept this proposal as a part of steem community or you can accept it by your own view.With the help of everyone, a community become strong.I seem steem community has very strong base.

I read a comments of @blocktrades . Such a valuable opinion.

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I just want to point out some advantages and disadvantages of this proposal.I am not supporting this proposal and not against it.I rely on old steemians.I think steemit authority will accept the majority persons opinion.

Advantages of 4 week power down

There are few advantages.I have to discuss about it.

  • Faster get back

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Now steem power down has taken 13 weeks to get back that steem power to liquid steem.13 week is not a long time.Per week you would get steem equally.By this proposal, this system will respond faster.Sometimes we need urgent money to make up our various cost.That time 13 weeks actually a long time.It is really a good advantages to get back our steem in only 4 week by this proposal.

  • Join to crypto bull.

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We do not know when crypto currency will huge rise like december 2017.So, if it happen again in 2020 or 2021 then 4 weeks power down a really good idea.We can easily down our power and sell steem to market for huge profit.We had seen at 2017 , that golden crypto rise has stayed only 2 or 3 weeks.In this situation if we follow 13 week then we can not proper utilize our steem power to make a good profit.For this situtation 4 weeks power down really a good idea.

Disadvantages

There are so many disadvantages of this proposal.I said above, if i think as a part of community then it is not a good idea.We have to save community.

  • Security risk

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a short duration of power down will attract hacker. They can steal big amount steem if they can hack any steemian account.So, here is security risk involved.I am not saying 13 week power down has no security risk.Security risk also involved in 13 weeks power down but if any hacker steal token in 13 week power down, those amount will be very low compare to 4 weeks.

  • Curation rewards will down rapidly

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If most of the person wants to power down then all valuable contents will get low curation rewards.Because if i down my power in 4 weeks.Then a big amount of my power going to liquid steem every week.So, it is reducing my upvoting power rapidly in 4 weeks method.13 week is a long time.If i down my power at 13 weeks system then it will take long time to get back my steem to my liquid steem.So, during this time i can give upvote others content with higher value.

  • join steem, become hopeless, leave steem

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Yup.This is the big fact.Now above 95% steemians never thinking power down in this moment.Personally me, everyday i am writing articles and trying survive here.I will not deny, sometimes i also been hopeless when i did not get good curation rewards for my highly efforted articles. But i did not leave steem community.I am fighting everyday.I am trying to survive here.If 4 weeks power down happen , then it can affect hopeless steemians to leave steem.Because they will get back his steem faster.

  • Price up and Leave Platform

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We always claim that we love steem so much.But everything is money related.If you accept or not, it is unpleasant but true.So, when price will up huge then it will be easy for us to sell steem and leave steem. Because i would get back my steem faster, so it will be easy to sell and make profit.

As a part of this community, i will say it is very harmful for a community. We always says steem is not a money machine platform.A steemians get rewards here for his highly contribution to make steem platform stronger. If 4 weeks power down happen then so many people can use this method to profit individually.They will never think about community.

  • It will hurt investment

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Yup.It is true.A platform aalways stands on strong basement with proper investment.When a new comer join to steem then he invest for power up so that he can make huge follower and make own community.In 13 weeks period he is unable to get back his investment faster.He has to wait 13 week.During this time other person can make up his contribution of investment.It never hurts investmentment when a power down take 13 week to give back.

But 4 weeks power down method will hurt investment.4 weeks is not enough time to make up a investor vacancy.

  • Steem price can go down

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Huge demand of a product than supply can price up easily.More supply than demand can price down more.This is economical theory.If i can sell my all author rewards with in one month then why i wait for long time.I will reserve it as a liquid steem or i will stored it to any exchanger account. 4 weeks power down system will rise more selling than buy.

It will hurt the steem price.We have to store our steem to our account.We can use it as a steem power or liquid steem.If i stored it to steem power then i can use it for curation to others articles.I can not sell it instantly.I have to wait 13 week.So, i will not power down again again.

But 4 weeks method will influence me to power down again and again.Because it will take short duration.

My opinion

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I am not very old here.All above is only ny opinion.I said above i am not agains 4 weeks power down and i am not supporting this proposal.I have lack of experience here.I also have lack of knowledge about blockchain system.But steem has a unique ecosystem than others.I just focus on all good and bad things which are related with it.I can be wrong.

I must depend on experienced steemians, although they are already been divided in this mater.So, steem authority will decide the final dicision and i hope they will accept opinion of majority steemian.

Thanks to everyone for reading my article.

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