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RE: Steemit, Inc. Financial Update
It was a 2 year powerdown in the beginning, which I think was recognized as a significant problem. Still, especially in the crypto world, 3 months is a very long time considering the volatility. Imo this is a long outdated and massive problem for any potential investor.
Yes you are 100% right. the 3 months sucks.
The 3 month is the only reason we did not die in the bearmarket. People could not sell fast enough, that's a good thing. It secures a kinda stable price and is mandatory.
Sell to whom? It should be 3 days.
If it is true that the 3 month lock up period is the only thing preventing us from hitting 0 (which I dont agree with), then we don’t have a token worth any value anyway
I think 4 weeks should be enough for a power down.
What it really prevents is panic selling. Probably slows down buying as well though.
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I am perfectly capable of not panic selling without artificial intervention, and any investor should be.
I appreciate your point though
I agree, investors should, but especially on the retail level, which is mostly what we deal with here, and even with pros, traders tend to be downright bipolar and panic at the drop of a hat depending on their mood.
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