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RE: A Brief Overview of Steemit's Hardfork 0.17.0 Proposal + My Idea for Hardfork 0.17.0
That is certainly an interesting idea... allow users to instantly power down with something like a 10% fee? I could get behind something like that...
I would go somewhere between 25%-33% for those just looking to exit and take the cash..!
I haven't really run the numbers on what effect this may have as it's impossible to predict what accounts would take this option if it was implemented but it certainly would help those wishing to leave exit faster as well as help the STEEM holders as a whole.
10% fee would also make dumping more expensive and thus less likely to happen.
It'd have to be a lot more than 10%.
The whole idea of the long power down is to stop a 'run on the banks' in the case of some shocking news.
If some idiot journalist wrote a clickbait piece exaggerating some 'vulnerability', and 10,000 whales and dolphins all anticipated a 50% price drop, what would they all do?
They would allow the non lemmings to pick up some darn cheap steem... that is what they would do ;)
Whales that fall for clickbait fud have not done their own research and will get what they deserve. :P