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RE: STEEM Economic Changes Update (@officialfuzzy's thoughts & concerns)
Why should I assume just lowering the supply will create demand
Because people will finally be able to invest in steem without locking their money in a 2 year contract.
Some people want to be locked in a 2 year contract! That was my point. Not everyone wanted to day trade.
There is a security benefit to being locked in for 2 years. It means you can't be coerced into draining your Steem Power. The more you get rid of that the more attractive it becomes to thieves.
You can do that with the new changes too, even 5 or 10 years if you want.
Let me ask you one question
How much of your personal hard earned money did you invest in steem power? ( and if you have proof for it even better)
The reason I ask is because the perception of people who invest their money VS people who invest their time is very different.
People who invest their money want a return, people who invest their time are more likely to want power than money.
The problem is that this platform can't survive based on only people investing their time alone, to support the rewards you need investors that don't necessarily want to participate but want a ROI.
You have a point here. People should be extremely carefull with their personal info on a site like this, regardless of lock time period you could easily get a visit from thieves. Anyone with a large amount of steem/steem power that openly share his/her address/info on a site like this is an idiot.
Don't you see some people have a large amount of Steem Power? I mean I guess I don't see the benefit of forcing the change on people who didn't choose it. If you make it so people can choose a lesser Steem Power then that would be a better solution for people powering up in the future.