RE: HF Proposal: Vote to Reduce Power Down Period to 4 Weeks
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Please address more people who are not thinking this through @therealwolf.
I personally believe we are on track for a 100x to 1,000x run starting a month or two before the next Bitcoin Halvening just like last time..
But axing the 13 week Power Down instead of initiating dynamic staking could throw a wrench in it and surrender the Steem blockchain to exchanges 😧
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I wish we had a 100x bullrun, the issue is we can’t rely on past data, Steem was newer then. and was touted to be the facebook/reddit killer, the market is somewhat disillusioned about Steemit.com never really improving in 3 years, and it is now longer a novel concept, as much as i wish for such a run, I’m not naive enough to believe it. A 2x run is possible but maybe after jan 2020, things will slow now for end of year.
I don't call it niave to believe that Steem will run, and even 100x its current price around the time of the Bitcoin halvening.
I think it's actually obvious that it will happen when you compare Steem's current market cap to the market cap of Ethereum at $34 Billion yet it doesn't even have its own blockchain-based social network.
In fact, I think it was naive to think that having a shorter Power Down time would have prevented the previous downturn, and I also think it's niave to think that investors are being prevented from buying Steem due to the long staking time when anyone can buy Steem immediately without staking, just like Bitcoin.
P.S. I checked @therealwolf's comments and you never addressed his statements.. there was even one of his replies that was greyed out due to a downvote. You addressed the people in favor of your "proposal" though.
Do you still think it's naive to believe that Steem will run 100x from it's previous low of $0.11 USD?