RE: Steemit Power Down Proposal
What about @yabapmatt idea?
In my opinion the whole powering up/down thing should work a little differently. The idea is that if you want to have control over things on the network like witnesses and the reward pool, you need to make some kind of commitment. So that's really what Steem Power is - it's the commitment to stay invested in Steem for a certain period of time.
The problem is that it's not a fixed period of time, it's 13 weeks from when you start to power down. Instead I think that SP should be able to be powered down instantly as long as it's been powered up for at least 13 weeks.
This way, powering up is committing to stay invested in Steem for 13 weeks, and after that you've met your commitment and can power down instantly.
Could be this proposal an intermediate compromise between attract new investors and lesser down security risks?
I would still make it opt-in based or with another security layer.
What if an account is compromised right after the lock-in period expires? Wouldn't that allow the person with access to the account to withdraw all SP at once (assuming all SP is unlocked)?