Delegated Steem Power Can Add Liquidity and Credit - HF17
I must admit, at first I believed that HF17 - delegation of power - would be ripe with cronyism and corruption.
**Now, I am in agreement with HF17. **
I was driving in it to work this morning, trying to figure out how I could have profited from the price increase this past weekend. Because most of my Steem assets were tied up in Steem Power(SP) - illiquid asset that is hard to convert to another asset. The only way to convert is powering down and takes 13 weeks. I had a little Steem in another account that I converted to Steem Backed Dollars (SBD). But really not enough to feel comfortable.
Liquidity
I could take $1000.00 Steem and transfer to another account, like @blocktrades, they would convert it to SP and delegate it to my account. If I want to convert to Steem or SBD, a request would be sent to convert to another asset. Or even a transfer of assets to my account.
Credit
Since "The Bank" has my assets they should be able to extend me credit on the value of those assets. This would allow me to extract value now instead of later - 13 weeks. The reduces counter-party risk for the lender.
Conclusion
I am in agreement that we should move forward with HF17. Delegated SP and 7 day payout are going to increase the value of Steem. It will allow a much more varied ecosystem and more opportunity to actually make a living off Steem Blockchain
@gutzofter has egg on his face