A Dolphin's View On The Powerdown Cycles!

in Steem Governance4 years ago (edited)


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

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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

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