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RE: Steem - We need to increase demand for Steem Power, not shorten the Power Down!

in #steem5 years ago

I want to say this is a well thought out solution. I like the points that you touched upon. After reflecting upon it for a few minutes, I find myself leaning this way.

Plus that likely will have no impact on whether people choose to buy steem or not, which is really what we want to be encouraging.

I agree with this. I think this is some attempt to lift the price of STEEM through changes in the base structure of Steem. We heard the same arguments about the change in EIP: after all the price of Steem was down because of the economics of Steem (or so we were told). The change was made and what happened? The price of Steem went down further. Hmm maybe that wasnt the reason.

Traders are not going to trade Steem with a 4 week power down any more than they would a 13 week. As it stands, traders are not likely to power up anyway because they prefer flexibility.

Investors are not passing on Steem because of the power down time...they are doing so because they are not aware of it, something that I believe will change with the additions going in the next hard fork.

SMTs and RC pools will provide enough reason to hold SP. In short, it is going to be required.

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