RE: Just some random November thoughts...
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Why would you think 1 week power down is insane? It is insane to make investors lock up their funds for 3 months.
Why would I turn my bitcoin to steem and lock up for 3 months? Have done that. Never again.
If there is one week power down I may reconsider.
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For security reasons. To be honest, I prefer to keep it in my Steem wallet more than anywhere else, because I know that then it can't be hacked/stolen, because it is technically impossible (through Steem's inbuild account recovery features).
How should account recovery work with a 1 week powerdown period, when the whole recovery process is based on a 4 weeks period? Just disable all security on Steem to be able to receive bucks quickly?
Big investors don't make short term decisions. Most of them are in for years and they don't care much about market price fluctuations in between.
The whole idea of cryptocurrency is transfer of power and responsibility to people. If I want full security I may keep my assets in the bank.
If the concern is security we can give a choice for the user/investor to enable/disable lock up time.
Volatility in crypto space is not same as in traditional markets. I would prefer choice of lock up and responsibility of security decided by the user.
Moreover, there can be security measures implemented to avoid theft. You are a developer. I am sure you have some ideas.
Security is not an excuse for 3 months lock up. That is a very long time in crypto space.
p.s. Yes investment is long term. But when investors want to get out, they shouldn’t be forced to wait 3 months.
This gave me a good laugh, thanks... ^^
Changing the powerdown period won't automatically make us do the right decisions in future. According to the following chart (daily candles), we had plenty of time (more than 3 months) to catch a good price last time and even a few months after that it came back into the $5 area.
Absolutely correct.
You're not forced to power-up the Steem, so the comparison to Bitcoin is like comparing apples with oranges. You can hodl Steem in your wallet, same as Bitcoin. Which is why we need a dynamic range of stake-duration with increasing incentives. Those who want, can stake it for multiple months or even years and be rewarded with some incentive in form of APR, while you can have the luxury of unstacking it within a shorter period of time, but with less APR.
@therealwolf "You're not forced to power-up the Steem" we are in fact forced to power up when claiming rewards. Even if you pick the 50/50 option , a portion will always go to steempower, which when claimed is powered up and locked up for 13 months.
Oh no! You're getting free money, which is locked for 13 months? Boy oh boy, how unfair is that?
@therealwolf wow, why so confrontational ? I was simply correcting your incorrect statement that we are "not forced to power up". We are in fact forced by default by the claiming rewards function, but I am not at all complaining. Please take a deep breath and calmly understand I am not attacking you or complaining about it. Just stating the facts. Also, it is not "FREE Money". You must pay for a device to post with, pay for the electricity to power that device, pay for an internet connection if you can't find free wifi and also spend your time to post and interact and as they say "time is money". But thank you for at least replying. Also, I wrote a post about stolen keys floating around this blockchain if you care to read my blog and find a solution for it. Have a wonderful day buddy. I'm send you some positive energy, I can tell you are passionate about this blockchain.
My statement wasn't incorrect as I was referring to potential Steem investments that you bought in liquid form. You're not forced to buy those as Steempower (vesting shares), rather you usually buy it in liquid form. It's a free choice to power it up. Now I do see the problem where in order to participate on Steem, you have the 13 weeks powerdown period. But I don't think it makes sense to go the quick-and-dirty road and reduce it simply, without giving people an option to decide how long they want to stake STEEM.
Earning Steem however via the reward pool should have an even longer power-down-period IMO.
Last but not least, good post you wrote.
ok, thank you for clarification and thank you for reading my post (I gave 100% rewards away so I am not trying to make anything on it, just get some attention to someone like you so you know that it is happening).
I would be ok with that if your shorter time is about a week. The more options for the user the better. Everybody can decide for themselves.
There is no point of buying steem and holding as liquid as it is a toxic asset and diluted by inflation. Only reason to buy Steem would be to participate in the economy which will force you to lock it up.
Nothing wrong to compare steem with bitcoin as both compete to be preferred method of digital payment, transfer of value, and decentralized financial instrument.
However, I wasn’t comparing. Most people to buy steem will need to buy bitcoin first, then buy steem. Once a person has bitcoin, why should one buy steem instead of hodling bitcoin? That is the question that needs to be answered to attract any responsible investors.
I still don’t understand the objection against lower power down time. There is no evidence that 3 month lock up time benefited Steem.
I would connect rewards for long staking periods to curation algorithm. Your every vote gives you always a minimum 50% return, no matter what time you have voted on post. That would award real curators who are reading posts/watching videos before they cast a vote
If you don't power up, you incur the full brunt of 8.5% inflation, which is going to be a non-starter for most investors/holders.
That's not the case with Bitcoin (current inflation rate is about 3% and set to drop in half soon), nor with most other newer tokens and coins which have moved away from high inflation models. The few that haven't (Zcash being one well-known example) have been poorly received.
Realistically that means incurring more inflation and won't be attractive. There is no free lunch; any rewards paid to one group (such as people who lock up longer) has a flip side of higher inflation for another group (people who don't), and if the inflation is too high becomes and deterrent to invest.
One way to make the option of holding liquid Steem more attractive ("like Bitcoin") as you suggest would be to greatly reduce inflation (including both rewards paid to content and rewards paid to those who do lock up). Obviously both of those reductions are going to be unpopular with someone, but that doesn't mean they could never happen either.
(Revived and Will be Revived, Sometimes To DownVoters' Readers, Voted and Related Accounts, For Freedom of Speech, Right for Writings to Survive, Right to Show both Pros and Cons.
언론의 자유와 글의 생존권, 찬반 양론이 모두 보여질 수 있는 권리를 위하여, 다운보팅 학살에서 재생되었고, 재생될 것이다. 가끔, 학살자들의 독자나 보팅자들, 관련계정들에게 제공된다.)
[Steem : For Freedom] Code Of Conduct : DownVote DownVoting-ManSlaughterers. List Update v.3.1.1 행동수칙 : 다운보팅 학살자를 다운보팅 하자.
( https://steemit.com/kr/@bewarecenterbase/steem-for-freedom-code-of-conduct-downvote-downvoting-manslaughterers-list-update-v-3-1-1 )
( https://staging.busy.org/@bewarecenterbase/steem-for-freedom-code-of-conduct-downvote-downvoting-manslaughterers-list-update-v-3-1-1 )
2019.10.02.Wed.15:32 (utc+9), by @BewareCenterBase,
==
For Freedom Of Speech,
_1. Let's Down-Vote DownVoting-ManSlaughterers.
The followings are known Content-Nazi
and Commie People's Court Bamboo Spear Red Guard Man-Slaughters
If you like, select anyone below and
DownVote Now and Anytime.
.
@oldstone =@slowwalker =@wisdomandjustice =@photoholic, (=@veronicalee ) : kr worst man-slaughterer.
@howo = @steempress : Content-Nazi by day, Commie Bamboo-Spear by night, All time Man-Slaughterer.
@patrice=@spaminator=@prowler=@mack-bot=@mack-botjr =@mack-fund : worst man-slaughterer, biggest enemy of Steem
@clayop : kr top witness, Commie Bamboo-Spear to the bones, disguised good writing advocate for his own hidden interests.
@ibc, @condeas, @linuxbot, @astrophoto.kevin, : German Content-Nazi,
@jacobtothe,
@smartsteem,
@smooth = @smooth.witness,
@corn113, @steemitlsh, @westport, @himapan, @eversloth : kr Commie Bamboo-spear.
@steemflagrewards and supporters of this dent of man-slaughterers :
@lukestokes.mhth, @yabapmatt, @themarkymark, @cervantes, @pjau, @pfunk,
@patrice, @guiltyparties
--
(You can be deListed
if you comment that you promise and keep that you won't downvote
Except strictly illegal writings such as plagiarism, copyright infringement, human/drug/weapons trafficking, kid porno etc.
Self-Vote is Fair Reward for investment and deligence.
Farming is Not Stealing, but
DownVote is robbery, bully, bamboo-spearing, man-slaughterering. )
_2. Remove From Witness Support and Down-Vote
@patrice, @themarkymark, are the worst witness to drop
@steempress, @smooth.witness,
@clayop : kr top witness, Commie Bamboo-Spear to the bones, disguised good writing advocate for his own hidden interests.
@clayop, @asbear, @ocd-witness, @ats-witness , @noblewitness=@sircork
--
Top Witnesses who are for Down-Vote-Pool HardForks.
@roelandp, @yabapmatt, @good-karma, @gtg, @blocktrades,
@themarkymark, @someguy123, @cervantes, @aggroed, @smooth.witness,
@therealwolf, @anyx, @ocd-witness, @timcliff, @ausbitbank,
@curie, @thecryptodrive, @followbtcnews, @clayop, @drakos,
@lukestokes.mhth, @jesta, @steempress,
@xeldal, @emrebeyler,@liondani, @riverhead, @actifit, @busy.witness, @bhuz,
And
_3. DownVote-Hide their comments,
which can make them self-voters and then downvoted by themselves among man-slaughterers.
_4. Write Much More, Even Copy and Paste, to Dry-Up DownVoting-ManSlaughterers' Power,
_5. Be Proud of Negative Reputation.
If your writing is automatically hidden, Show your writings to Man-Slaughterers' Readers or UpVoted Individually.
It's the Auto-Hidden Writers' Right, To show Writings individually.
Copy and Paste your Hidden Writings to Man-Sluaghterers' Every Posts, Comment, and Every Readers' or UpVoted's Writings, individually.
_6. Make Much More Accounts to Fight For Freedom.
_7. Automate Resistance Process.
Or At least Make it Easy, Just Spread Your Writings, Copy and Paste
until DownVote Function is Removed From Steem.
_8. Make Situations Complex, To Kill Man-Slaughtering Bots and Programmers.
Vary Self-Vote or Not, Voting %, Voting Time etc.
.
_9. Repeat Persistently As Above, if you love Steem
.
Or If you dislike battle field,
_10. Leave Steem and Never Look Back,
until you hear No-DownVote HardFork and Steem becomes peaceful place.
.
--
(This Writing is Copy-Left by @BewareCenterBase.
You can Copy-And-Paste anywhere in Steem
For Freedom of Speech and To Remove DownVote Function From Steem.
and to Make Steem Peaceful Place. )
==
Korean version. Latest List is at above.
[steem蟲:HF21] 남아썩는 다운보팅 파워로, 무엇을 다운보팅 할 것인가? [steem:HF21] What to Down-Vote with HF21 Down-Vote Power ?
( https://steemit.com/kr/@bewarecenterbase/2cbcn-steem-hf21-steem-hf21-what-to-down-vote-with-hf21-down-vote-power )
( https://staging.busy.org/@bewarecenterbase/2cbcn-steem-hf21-steem-hf21-what-to-down-vote-with-hf21-down-vote-power )
2019.08.28.수.08:45, by @BewareCenterBase,
Steem Hard Fork 21 ( 이하 HF21)
에서는
다운보팅 파워가 도입되어,
기존 HF20 이전에서
업보팅 파워를 소모하여 다운보팅 할 수 있도록 한 것에서,
다운보팅을 업보팅과 별도의 파워를 사용하여 할 수 있도록 하였다.
관련 글들은
이 글의 아래 목록에서 찾아 볼 수 있다.
https://steemd.com/@accountname
에서는
hf21 에서 도입된 다운보트 파워
잔량과 회복을
보팅 파워 와 마찬가지로
확인할수 있다.
자, 여기서 남는 문제.
남아서 섞어 나가는 다운보팅 파워를 어디에 쓸 것인가?
_1.
탈중앙 매체에서 불가피한 다운보팅의 원래 취지대로,
스팀 블록체인의 생존성을 위협하게될 수 있는,
저작권 위반 이나, 아동 포로노, 해킹, 스캠 피싱 등의 사기 유도 글
등을 다운보팅 하라
는 것일 것이다.
그런 글들이 보인다면, 다운보팅 하면 된다.
그러나, 그런 글들은 많지 않다.
_2.
그래도 남아서 썩어나가는 다운보팅 파워는
자뻑 정의감에서 남의 글을 다운보팅 학살하는
컨텐츠 나찌나 인민재판 공산 죽창
다운보팅 학살자들을 다운보팅 하면 된다고 본다.
이것은 다운보팅 전쟁을 촉발할 것이지만,
다운보팅 학살자들의 나쁜짓을 통제할 방법은
이 취지에 공감하는 사람들이
그 다운보팅 학살자들을 다운보팅 하는 것이
불가피한 선택으로 보인다.
다운보팅해야할 다운보팅 학살자들의 목록을 공표해 나갈 것이다.
일단은
@oldstone=@slowwalker=@wisdomandjustice
@patrice=@spaminator=@prowler=@mack-bot=@mack-botjr =@mack-fund
Witness to drop and to Down-vote :
@patrice, @themarkymark, are the worst witness to drop
@clayop, @asbear, @ocd-witness, @ats-witness , @noblewitness=@sircork
_3.
기술의 한계가 있으면 기술 개발과 노오오오력으로써
극복할 생각을 하지 않고,
다운보팅을 권장하여,
스팀 투자자 및 스팀 사용자들의 감정을 학살하여
스팀에서 쫓아내는 스팀 최악의 적들을 다운보팅 해야한다고 본다.
그들은
스팀 개발자들, 스팀 재단, 스팀잇 회사 관계자들,
다운보팅 풀 도입에 찬성한 스팀 증인들
목록은 갱신해 나갈 것이고,
일단 상위 30위 증인들 중에서 hf21 down-vote 를 지원하고 있는 29 명의 목록을 준다.
@roelandp, @yabapmatt, @good-karma, @gtg, @blocktrades,
@themarkymark, @someguy123, @cervantes, @aggroed, @smooth.witness,
@therealwolf, @anyx, @ocd-witness, @timcliff, @ausbitbank,
@curie, @thecryptodrive, @followbtcnews, @clayop, @drakos,
@lukestokes.mhth, @jesta, @steempress,
@xeldal, @emrebeyler,@liondani, @riverhead, @actifit, @busy.witness, @bhuz,
심심할 때, 무작위로 눌러서, 다운보팅의 맛을 보여주시라.
혹시 보복이 올 것이 두려운가?
자유와 언론의 자유는 그냥 얻어지지 않는다.
많은 피래미들이 벌떼처럼 다운보팅한다면,
고래 증인들도 대응 방법이 없을 것이고,
다운보팅 기능을 없애는 쪽으로 가게 될 것이다.
그래도 두려운가?
겁장이들은, 두려우면 빠지면 된다. ㅋㅋ
==
(This Writing is Copy-Left by @BewareCenterBase.
You can Copy-And-Paste anywhere in Steem
For Freedom of Speech and To Remove DownVote Function From Steem.
and to Make Steem Peaceful Place. )
==
Korean Verion. Latest List is above. 한글판, 최신 목록은 위에 있음.
--
I could live with that although the APR is mostly dependent on your actions as a curator and not your hold time (outside those 2%).
So really it would make little difference unless you would drastically increase the base SP interest.
It is not insane to have a 3 month lock-up. The Hedge Fund market was valued at 3.53 trillion USD as of November of 2018 (which is an order of magnitud above the whole crypto sphere). Hedge funds usually have a lock-up period between one and three months. Real investors don't mind it only short term speculators do.
The real question is what type of "investor" do you want to target.