SteemPower down proposal and our decentralized blockchain investment

I read the proposal to reduce the power down from its current 13 weeks to 4 weeks, and as I understand it the Steemit Blog is saying it is a simple change, a proposal has been created to vote for it if you agree with the change. I then spent almost 2 hours reading the comments, which debated the pros and cons of the proposal. By the end of the thread a counter proposal had been added to the SPS to allow people to vote down the procedure. I found myself impressed by the collective knowledge expressed in this thread of comments. I was also impressed with the serious potential impacts of this decision on our governance.

I have these thoughts, but not conclusions;

1. The subject is complex and perhaps instead of adding this one change to the SMT HardFork, essentially exchanging one centralized rule for another centralized rule, perhaps we should spend some time on a unique HardFork proposal on a decentralized choice where people have the freedom to choose how much centralized protection they need and make this a choice, not a rule.

2. Our platform is not completely decentralized and some of the centralization, although in purpose protective is inconsistent with the total freedom and self responsibility espoused by total decentralized blockchain supporters. However, while it can be argued that everyone should be informed, educated participants, who need no centralized system protection from the loss of their funds. I think the Steemit platform is quite complicated and there is a steep learning curve here. So I think it’s not inconsistent with the core belief of decentralization to allow people to choose the level of protection they need by starting with a default power down of 13 weeks but allowing those who feel they are educated enough to protect their accounts could also have a choice to choose shorter time periods for their power downs.

3. I think we have to spend some time sorting through the issue of who can participate in governance and voting on the direction of the community. I think it’s important to remember the core components of our system that participation is predicated on stake. So we can as a community decide to allow participation only from stake holders. But this too should be discussed, so we can arrive at consensus.

4. Democracy is messy, democracy based on stake is more complicated, but is predicated on a fundamental belief that skin in the game or stake deters bad actors. So we should be careful not to fuse ideas of pure democracy and participation based on your existence with delegated proof of state where participation is dependent on ownership or stake.

I suggest you consider reading the Steemitblog proposa, and also the comments ; https://steemit.com/steem/@steemitblog/feedback-wanted-4-week-power-down

I also suggest you read this proposal written by @tarazkp on some alternative options we could implement. We don’t live in an either or world, we can create change which offers choices and freedom, along with protection. Here: https://steemit.com/hive-174578/@tarazkp/the-return-of-locked-stake-and-passive-earning

Stay informed my friends.

✍️ written by Shortsegments

#milkortators
@theycallmedan

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