Advantages on a 4 week Power Down for Steem.
Promoting a 4 week Power Down for #Steem
Advantages on a 4 week Power Down for #Steem
I was recently asked for my opinion on the 4 week Power Down for #Steem and I thought I would share with you what I think.
The obvious one is that it will allow those wanting to Power Down their #Steem in a shorter period of time.
As a long term Investor in #Steem for me it doesn't really matter whether it is 4 weeks or 13 weeks, but someone looking to invest in #Steem short term to take advantage of #Steem with a longer 13 week Power Down may have been put off slightly in the past.
However, now having a shorter 4 week Power Down will certainly attract more Inward Investment to #Steem for those looking for a short term access to the #Steem Protocol and all it's features for their Projects.
As more people wake up to what #Steem really is and use #Steem as a Global Voting and Rewards Distribution System, a 4 week Power Down period suddenly makes #Steem a very attractive investment proposition.
Without having to "lock in" their Investment for 13 weeks, Investors can now access the full power of the #Steem Protocol and only have to wait 4 weeks to unlock.
This is a massive selling point and is something that I am really looking forward to start promoting over the next few months.
Thanks again for reading.
Stephen
#Promo-Steem - Promoting a 4 week Power Down for #Steem
Majority of people use the power down option due to high profit or meeting any emergency situation where they need money. In both cases it gives clear advantage. I hope it will help to bring more investment on this platform.
I couldn't agree more, sure there will always be some people who will need a shorter Power Down to meet emergency needs, but that's not what I am talking about.
I am talking about Projects, Businesses and Investors staking a short term investment to reward those that help develop their Projects and / or Products.
We would only need x100 each purchasing 1 million #Steem to direct rewards to those that bring value to their Projects.
100 million #Steem is circa 30% of the total supply and my gut feeling is it would be very difficult for them to be obtained on the Open Market.
Certainly not at ~$0.20.!!
I think the penny will soon drop that #Steem is 1% a Blogging Tool and 99% an Investment Tool.
Stephen
I wish so. 99% investment will be great for steem to achieve top position in coin market. Let's hope for the best @stephenkendal
Agree, I hope this will be a new beginning of coming some investors
Going to 4 weeks does not affect me as i am not powering down, but hey 4 weeks like you say could be good for investors!
Remember when we had a power down period of 104 weeks!
I think so.
Let's see what the next few months bring.
Stephen