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RE: Proposed Changes to Steem Economy
What's the benefit? Why complicate it when the SP will be off the market in a week anyway?
What's the benefit? Why complicate it when the SP will be off the market in a week anyway?
not SP from a weekly portion... all SP.
Oh, that would be brutal. I don't think anyone would want to go for that idea.
It would basically be a change to be either "invested" or "cashing out". If you wanted to cash out 20% of your funds, it would be removed from your voting power and dispersed over 3 months. The other 80% that was not being withdrawn would still be vested and count towards your voting + curation rewards.
Basically users would need to decide if their money is in or out.
But what if I want to cash out 20% in three weeks? A full powerdown under the proposal would accomplish that, yet I'd be penalized 100% during that time. IMO, this becomes very over-complicated and cumbersome. There seems no real value to it. Just let people vote on what is in their account, just like you would with votes on stocks. You either have them or you don't. If you sell them, it's done.
I do not see a reason to give a voting power to someone, who are going to leave a platform.
Powering down doesn't mean someone is leaving the platform. While it's possible (over 2 years!), it only necessarily means that they may be selling a portion of their holdings. I'm powering down because I am experimenting with it. I power up as soon as I record my numbers. I've bought Steem and powered it up. So I should be penalized the entire portion if I want to cash some out? Wouldn't that be like telling a stockholder that they no longer have voting rights on 100% of their stock because they're selling 1%?
What you just described in your other comment of cashing out 100% to get 20% in 3 weeks is what this would be trying to discourage.
Yeah, I understand. And it kinda makes sense. But I consider the imposition a far greater concern than the market factor. But I am very active in promoting other people's posts too, so maybe that's a factor in my perspective. The other, of course, is just what seems an overbearing and disproportionate penalty.
It's just an incentive to stay powered up. Curating/Rewards are supposed to be proportional to your vest in the site. If you are powering down, then you are removing those SP from vests. Perhaps this would encourage people to only power down some of their SP rather than all?
Not everyone has that option. And sometimes folks just power down to keep options open. I've been doing it for a few weeks now, simply to try to understand how it works better (Ask 5 people and get 7 opinions). I power back up immediately. And it's a good way to maintain being able to pull a portion out at any time, then just power up what's left. IMO, there should be no penalty simply because someone wants to get some of their Steem out.
Exactly, it doesn't need to be an all or nothing deal... Why not adjust voting weight relative to the power down?
Or just let it fall off as the SP falls off. I'm no programmer, but this seems the most basic and simple. IMO, it's the most intuitive too.
This is also a more than reasonable solution.
I would agree with you on the current 2 year contract... But with this new proposal.. nah...