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RE: Steemit Improvement Idea: Variable Power Up/Down Option
im like 87.23146% sure this functionality already exists in the cli wallet if i understand correctly what you want... (you want tpo pick what % of your steem power to power down)
Well, more than anything I want there to be an incentive for remaining powered up that competes with the incentive for powering down (liquid Steem each week).
Until that happens, why should whales stop powering down and selling their Steem?
Well, they lose vote power when they power down (as discussed below) .
The problem isnt that people are powering down, its that whales started with an unnatural and absurd amount of steem to begin with, from the "ninja mine." and now their power downs are so massive that they break the universe.
Once we got to the point where whales had billions of steem locked in steem power, why would you think they would ever not power down. Its absurd. The problem isnt powering down, the problem is that one or two guys powering down has the power to effect the entire steem economy.
I took a look at this from steemdb and you can see that my Vests (which determines voting power IIRC) still climbs after each power-down payout. But taking the Steem that came out and powering back up is a trivial matter if you want to keep your voting power. Thats not an incentive. Its a lack of dis-incentive... and quite honestly, its one of the few that I can think of here on Steemit (except for maybe the 30m vote window and the 4 post/day penalty).
Well, just visualizing the result of that, the whales that are powering down are basically leveling a giant hill one layer at a time, one week at a time. But just like everything else in Steemit, behavior is driven by incentives, not disincentives.
If there were real incentives to remaining powered up (like 100% power-up equates to 100% voting power, or increased speed of vests compared to <100%)... hell even a piece of flare to show that an account is 100% powered up . SOMETHING! Anything to slow the deluge of Steem flowing out.
Lower prices of Steem is good for more adoption, but that presupposes new market entrants will a) want to pay for more Steem Power, and b) understand enough about crypto and bitcoin to accomplish it... need a fiat-> Steem mechanism somewhere :D but thats a convo for another time.
Not sure im understanding your point
Your vests are climbing due to curation and author rewards..
Yeah, you could power down and immediately repower up, but then you wouldnt be able to sell the steem. If you waited, since the vest conversion ration would be higher, you would get fewer vests for the same amount of steem.
As to flair. For you personally, WHat piece of flair would be an adequate replacement for a million, or even 100 thousand dollars.? Voting power, voting speed etc mean nothing to the whales, they already have more votes then they can use effectively.
The problem is not the deluge of steem flowing out, its that no one wants to buy it. that is to say, it isnt a supply side problem, its a demand side problem.
Also, im not sure what you mean by 100% powered up... you mean like printing a bunch of free money, then never powering down to sell ilt? I mean, seriously?