RE: HF Proposal: Vote AGAINST Reducing Power Down Period to 4 Weeks
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I believe this is a bad idea (4 week power-down).
The whole point of powering-up-your-steem is to take it out of circulation and stabilize the economy.
The longer you keep it powered-up, the more effectively it serves its purpose (13 weeks seems reasonable).
It also serves as a type of LOYALTY OATH.
A better "update" would be to give people the option to PERMANENTLY power-up-their-steem!!!
That way we could all stop hearing about the BURNPOSTS.
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it seem that we're on the same page @logiczombie
imagine all those people powering down to sell - if they would get all that liquid steem and dump it on the market. I would expect huge selling pressure, pushing STEEM to all time lows :/
Maybe this proposal make some sense, but consequences can be painful.
Cheers
Piotr
People wanting to power down will do so anyways, whether 4 weeks or 13 weeks. I don't think people will go rushing to the exists and tank the price if they drop it to 4 weeks, but I am also against changing it for the sake of changing it.
Who would not want to have a part anle to sell at anymoment in crypto like when price say jumps to 3 for a day you want to dump ur bag of half
It's looking pretty bleak at the moment,
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u need to dump fist then catch the panic in a basket someone needs to lose not going t be me