Thursdays require a fair amount of rush in the morning as I get our daughter fed, medicated and ready, take the dog with her, get her to the daycare and then leave for work in a location an hour away for a 9am start.

This morning as we were walking out the door, I asked Smallsteps if we had done everything and she ran through it all like a checklist and all were marked with a tick. Running a bit late, we ran off to the car.

I was a little annoyed at myself as the windows were frozen and I had forgotten to defrost them earlier, which meant scraping the ice off. I got her to daycare, undressed her winter wear, gave the compulsory hugs ad kisses and then waved through the window as I walked back to the car and an hour later I was at the clients premises.

I forgot my work bag. So, no laptop....

Oops.

Well, I can manage without it at with the morning clients, but it makes it a bit more difficult to do the other parts of my job today. Looks like it is time to clear some emails, which is about all I can do from my phone.

If you are wondering what the picture is of, it is a light hanging from the ceiling in the shopping center I am sitting in. There are many of them and it kind of looks like a freeze frame of a porn money shot. I think I'd prefer the sword of Damacles hanging over my head.

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The return of the 100% stake?

I am still thinking of various things around the inflation and unstaking times and was reminded of a post I made a while ago about locking up stake for passive income but losing some privileges. While originally forwarded to combat bidbot, could this be adjusted to suit investors now?

Spitballing here...

• What if the Steem Savings wallet came with its own address and separate key, which means it works as cold storage

• What if the holdings in there can earn a daily percentage as if it is voting stake earning curation. Since it is not active or playing the curation game, it should have a penalty instead of the 50% it gets say, 25% as if it is voting late or very early. The cold wallet will come with no other rights as inactive stake should not have a voting say in content discovery or governance

• What if the 25% that is foregone either gets burnt as Steem, converted to SBD as needed or funds the SPS

• Because the earnings on the stake in the savings wallet are automatic and have a haircut applied, the account has already "paid" for an immediate withdrawal -which can come through a specific key, that can be kept offline at all other times and perhaps a secondary user created password.

• Would this mean that for active users, they could earn more by being active and with their stake, but could keep some portion in the hold wallet earning a portion of the curation that can be withdrawn immediately if needs be. A risk managed position

• Does having an integrated cold wallet locked behind a separate key with potential other security measures available bring peace of mind to investors

• Would the loss of active stake on the platform be offset by the potential burning of the 25% of earnings and would that daily 25% of "curation" be enough incentive to lock stake with the right for immediate powerdown

If in a hypothetical price scenario based on above...

1 million SP has a vote of 10x10 at 20c Steem.

That account could earn 50% curation, which is 250 Steem a day. Locked in cold storage it would receive 125 added to the cold storage wallet and 125 would be burned, which benefits all holders. This seems expensive, but what this can allow is the wallet to earn indefinitely (and never pay more than the principal) and reserve the right for immediate withdrawal at a moment's notice from the security of a cold wallet, rather than the risk of holding on an exchange - where it earns nothing.

Flexibility and options always come at a price, and the faster something is needed, the higher the bill. Currently the Savings wallet is sitting unused for various reasons, so perhaps converting what we already have to serve a different purpose could make sense. The numbers can be tweaked to suit, the 25% was an example.

What would happen is that we would have three Steem positions.

Vested - staked
Unvested - liquid
Cold storage - earning a constant rate

Would this encourage maximizers to put into cold storage and remove them from activity on chain?

Would it reduce liquids just sitting on exchanges and give a clearer picture of real trading volumes as only the trading Steem is there?

Would the vested users have more influence on the system and earn better to close the gaps to the inactive but earning cold storage users?

Would it attract passive investment as they could earn tokens doing nothing without exchange risks?

Would the burning of tokens create even more scarcity and with the movement of stake of exchanges and into cold wallets that earn, push price?

If price increased significantly, would the cold wallets want to keep burning the 25% of their potential a day or would they become active?

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EDIT to clean up a bit

Key points to consider:

• Security - a cold wallet with separate key, potentially a savings wallet that can be converted to cold by the user?

• Speed of PD - Since the immediate powerdown fee is paid daily and upfront through a portion of earnings, it won't require the burning fee to be applied at withdrawal.

• Reason to Sink - Because of the percentage of earnings, there is much more reason to sink Steem into an account and earn while waiting for the markets instead of having it on an exchange.

• Protection of Principle - Because the fee for immediate powerdown is paid through earnings, the pinciple can only increase.

• Burning - Burning could be for immediate burn to lower supply and inflation rate, Go to helping the SBD peg or funding the SPS.

• Inflation - By burning the Steem it will effectively lower the inflation rate on the supply and potentially by a great deal if large accounts choose this option.

I think this covers many of the points that were mentioned in the @steemitblog post comments section.

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Caveat...

As said above, this is just Spitballing some thoughts on the matter and there are many things to consider here. It is also hard as I am on my phone which makes it harder to review.

However...

What do you think? Worth developing thoughts on further? Worth shooting now? Worth adding to the conversation?

Resteem or share if you would like some visibility on it so people with better minds than my own can have a look.

Taraz
[ a Steem original ]