RE: Power Ups and Power Downs. More than Numbers?
All good, but what about merchants?
We are onboarding merchants, hotels, bars, restaurants etc @reggaesteem....
What do you call a power down to pay staff and suppliers? 🤔
Does that also get a negative connotation?
For merchants and actual mass adoption, powering down and selling every now and then to pay staff and suppliers is not an option.
It takes a few weeks to onboard a business or company to accept crypto or Steem— it will take years for that to trickle down to suppliers.
It takes government intervention for companies to pay staff in crypto. They have to declare it legal tender first.
There’s a lot more to this, obviously but unless someone is powering down with intention of leaving Steem entirely, I see no harm. People have families to feed, businesses have staff to pay... can’t expect mass adoption from hodlers and that’s a fact.
I’ve never powered down, but definitely will one day if life/business requires it.
Cheers !BEER
Yup, I agree, that's a great point! Steemit, Inc. powers down to pay for salaries, so I don't see why that shouldn't be acceptable for merchants' case.
I also don't see most of these types of power downs with a negative connotation.
Merchants which need a lot of liquidity, should always keep some available, even if they powers up. They can also start using a service such as likwid if 100% liquidity is needed and if that will slow down or make unnecessary altogether a power down.