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RE: What if it just takes time
I have the same intuition on it. A trader needn't power it up, they can speculate without.
I have the same intuition on it. A trader needn't power it up, they can speculate without.
I see the advantage to an investor, not a trader, for the 4 week power down. A trader is in and out of a position many times the same day...at that many times in a day sometimes. They may hold an amount for days while trading to protect against a wild swing, but overall it's very short time frames they have the asset.
But an investor who might look at steem as a way to not only have appreciation, but also earn a ROI on their investment by staking it very well may find steem attractive. If you can make even 5% from curation rewards on top of potential capital appreciation it would make an interesting proposition to locking up funds for 4 weeks and taking some added risk due to the locked up funds. But at 13 weeks that ROI needs to be much higher...much much higher which they were until "new steem" killed the cash cow for investors of selling votes.
Each change made to the status quo will always have unintended consequences. Each change will likely force yet another change down the road to fix those unintended consequences, or at least a discussion of how to fix them. Really feel like the 4 week proposition is largely a result in drastically reduced ROIs for investors.
So what will be the unintended consequence of a 4 week power down?
Now I'd like to see something a little different. No idea how intensive the programming would be on this but why not make the savings account be able to have the ability to vote on posts and earn curation, but strip it of all other functions. No leasing, no voting rights for witness, no RC's (must stake something)....just allow the person to increase their earnings while safely keeping their coins in the savings account. In 3 days they can withdraw and sell if they would like.
!ENGAGE 50
@thedarkhorse you have received
50 ENGAGEfrom @abh12345!View and trade the tokens on Steem Engine.
What might be interesting too is having a separate key for the savings wallet that allows it to function as cold storage for Steem so even if an account is hacked, the savings are safe. It could still be integrated into the UI the same as now for ease of use - perhaps a "convert to cold storage" option.
I'd love the concept of an added key that isn't used for anything except for the savings account deposits and withdrawals. Yet normal posting key for daily voting on posts.
You might like to read my latest post. What you said reminded me of an older post that could give a hybrid option.
this saving part sounds interesting. so if you put it in savings you can only vote on posts but have no other functions of powering up.
That would be my thought. If you want to have an influence on the future of steem then power up SP, if you just want to earn money and not care about anything else park it in savings.
To cover the needed RC's for voting investors can lease SP or power a little up.