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RE: The return of "locked" stake and passive earning?

in OCD4 years ago (edited)

I guess this statement is part of the whole 4 week powerdown discussion?

Good idea of using the savings option as a cold wallet because I would say no one is using this at the moment. I seem to remember this did accrue some of the inflation like steem power but not sure.
I am not sure about the numbers though, it seems like giving away a lot imo (even if the rest is burned) and how are you determining the curation rewards in the first place? just a random 18% roi actually 50% of their vote at 100%?

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The savings wallet doesn't earn inflation.

Yeah, the numbers are just spilt 50 50. However, what this would mean is that a speculator can earn on the principle and get the powerdown without risking any of it.

@theycallmedan mentioned a 5% burn for instant PD. That would be 50k steem on 1M.

Doing it this way means that that to pay the same, the 1m would have to be in the cold wallet for 400 days, which is a long time for a speculator and an investor would likely choose more active ways. This way an investor could have say 20% in cold store Earning and available, and 80 active earning more and influencing the community.

It needs more thought of course, but I think creating a cold wallet would be valuable in itself as it can have different security measures applied too. Then build from there.

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