Update: I'm not exactly strongly in favor, but I find it acceptable, as long as we're working on a solution that brings a more dynamic solution in the near future.
I'm not in favour.
Reducing it without thinking further is a move without any hindsight on what Steem is supposed to be. I'm not arguing that 13 weeks power-down is a stupid thing to have at this point in time, but reducing it to 4 weeks is just as stupid.
The same goes for this post. You don't start a discussion by initiating a vote. You start a discussion by stating the problem. And the problem is that the 13 weeks powerdown doesn't provide enough incentives, but removing it would hurt Steem just as well, or at least remove an important safety feature.
It is good to have Steem that is locked away for some period of time. Both for the individual and for the currency. It gives people that have locked away their Steempower some kind of safety due to the prolonged time until the currency becomes liquid fully. And on the other hand, it gives the community leverage over big stakeholders, as well as stakeholders more time to think, instead of acting on emotional decisions.
So, to summarize my stance:
- I'm against this proposal or any proposal that simply wants to remove/reduce the powerdown period, without including future plans
- I'm in favour of a dynamic staking period of Steem (also called Steempower), with ever-increasing incentives (similar to what dan larimer wrote here) If someone believes in STEEM and wants to lock it up for 2 or 5 years (because that's how long it takes for things to truly settle), why shouldn't we let them and give them a nice incentive on top of it?
- I'm also very strongly in favour of a discussion on the future of the Steem currency. Do we need SBD? Should we have staked STEEM instead of Steempower? Should rewards earned by the rewards-pool have a longer staking period? (e.g. 1 year) Fact is: this currency was developed by people who were smart but not perfect. Removing things we don't like, without questioning the core philosophy will result in a currency that's as wonky as the tower of Pisa.