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RE: HF Proposal: Vote to Reduce Power Down Period to 4 Weeks

in #steemdao6 years ago

I’m not in favour of multiple pools, as I mentioned above Steem is a different animal to EOS, we provide a simple normie friendly gateway to crypto, multiple pools with different staking cycles make the cognitive load immense, also as I said traditional shareholders of stocks don’t normally have a lockup period and still vote for the good of the company and don’t need to be imprisoned in their stakeholding to be invested.

A long lockup period shows weakness imo, even 4 weeks shows that we are scared our coin will dump so we have this 4 week buffer in place, it is however better than 13 weeks.

I like your suggestion to also think around other economic aspects such as whether we should continue to have SBD, if it remains broken and unpegged it is an embarrassment and should likely be deprecated, we should discuss that as well as a separate topic.

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