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RE: Steemit Power Down Proposal

in #steemit2 months ago

Sounds good, for the safety of the account owners funds I'd recommend the minimum to be 4 weeks but I wouldn't be against raising the maximum to more than 13 weeks with this new proposal. Will be interesting to see what others think about giving accounts settling for 6-12 months powerdowns the current max inflation though, I think they'd deem it unfair when they now are receiving max inflation at 13 weeks but it's definitely going to be an interesting discussion.

grabs popcorn


My primary consideration regarding utility of vesting is security, although that may be dismissed as due to my personal experience, and lack of interest in economic factors. I do not see more than a marginal benefit to security arising from extending the powerdown period. Certainly, I do not see that investing the resources requisite to effecting such changes as reasonable considering the extant market.

I reckon devs have more pressing concerns, as should we all. I agree with others that this post is a necessary reaction to misapprehending investment of nescient parties, and maintaining focus on existing development priorities should continue.