You are viewing a single comment's thread from:

RE: Steemit Power Down Proposal

in #steemit2 months ago

I am glad to see that The Steemit Team is not in favor of adding this to the SMT hard fork. Let the SMT hard fork stand alone. Your proposal would also allow time for people to think about what they want and what direction to take the shortened proposal. There is a lot for people to think about on this shortening of time than perhaps people realize.

Right now vested Steem (Steem Power) allows you to do everything, vote, curate, select witnesses. If a short power down cycle with all benefits is allowed there is nothing to prevent an agent of discord to come in with a lot of Steem, power it up, stack the witnesses for hard forks, or self vote, curate and run. So a lot of things need to be thought about in the sense of "how do we prevent???" scenario's.

Sort:  

Exactly what I’m thinking with the bad actors and not properly incentivizing long term behaviors, so I’d rather see all SP influence scale with lockup period rather than just earned interest. If theycallmedan chooses a year lockup and ranchorelaxo chooses 5 days... I do not want their votes having equal influence.

I just hope they, (steemit Dev team), are able to resist the tug-o-war of why wait do it now and try to add it into the SMT hard fork. SMT hard fork has been delayed enough, and with that the need/want/desire to change the withdrawal system may have other things to consider that have not been thought of yet.

!ENGAGE 23



@bashadow you have received 23 ENGAGE from @preparedwombat!
View and trade the tokens on Steem Engine.


This tip bot is powered by witness untersatz!