A Dolphin's View On The Powerdown Cycles!

in Steem Governance4 years ago (edited)

image.png


I posted a shorter comment about this in a thread by @therealwolf but then I realized it was almost 4 months old so instead I decided to make a little post in the community to share it as well instead of leaving it in the depths of a 4 month old post.

I think the best way to appease the quite understandable desire of those people that wish a lower power down time and an excellent compromise in my eyes is to do the following:

  • Reduce the power down cycle from 7 days to 5 days, just like it was done with delegations.

  • Reduce the amount of weeks/cycles it takes to withdrawl all of your balance from 13 weeks/cycles to 10 cycles.

This effectively reduces the power down time from 91 days to 50 days and gives you 10% of your balance per cycle instead of 7.69% per week.

I think this is like the centrism of deals, its not as radical as 4 weeks but its not as long as 13 weeks. In fact, the entire concept of human weeks dissapears and I call it cycles because it sounded cool in Tron (the movie) and its still cool now :^)

These are just the views of a minor stake holder (around 33.8k when making this post) with plans to become at least an orca this year! What do you guys think


Check These Out:

Trade Steem on Binance
Follow me on Twitter
Earn BTC Cashback with your Online Purchaces using Lolli
Find me on Telegram
Come Play Some Games on the Saito Arcade

Sort:  

Interesting, I'm just not sure it is worth a difficult explanation.

Not opposed, just kind of stuck on keeping things simple since the differences aren't that big of a deal

Hi, @lunaticpandora!

You just got a 0.63% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.

Congratulations @lunaticpandora! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You distributed more than 65000 upvotes. Your next target is to reach 66000 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

Valentine's day challenge - Give a badge to your beloved!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.030
BTC 65269.28
ETH 3441.23
USDT 1.00
SBD 2.62