1 Week Powerdown proposal
Here is the proposal, peakd link below.
Original first post. Here I add some explanations to it.
https://peakd.com/hive-167922/@urun/1-week-powerdown-proposal-share-it
So after again the discussion begins about Power down, let's get it Real.
If enough people like:
1 Week Power down.
it would make hive superior to hold. St**m was the Testnet in this case but we can do it smarter and better :)
Gov votes charge every week 1/13. So no one can take over.
It means only true Holders will have the power for Witness voting and proposal voting. Would make a takeover from exchanges and so on impossible. But would also allow a faster power down time.
Treasury for people that want 13 weeks, it would be the same as we have now. It's a 13 weeks power up. You also can have 50% 13 weeks power up and 50% 1 week power up. For me sounds super cool.
Treasury works like the power-up today. 13 weeks, no changes. Funds are Safu there, but with the option to combine it with one week.
Personally, I would have the larger part at 13 weeks, I know I never want to power down and the other part on 1 week.
50% 1 week and 50% 13 weeks would be also not bad. People can choose what they want.
With this, Investors would be available to hold more power in hive without the fear, they need someday the money fast. It's not only because of a Bullrun, it's also in life can anything happen. So we should offer it.
Besides this, it would decrease the amount of liquid hive, because Hive power generates returns and liquid hive does nothing.
In the end, higher prices for hive could happen. Special if I think about HBD converting.
And for the end. You never power down? Why don't get a gov bonus? like 5% a year for the start? Would Rewards all long term Never power down people :)
Not needed but cool for holders. It's something we can think about. Rewards all long Term holders.
YOU WANT IT? REPLY AND SHARE. THEN I DO AN PROPOSAL TO CHANGE IT WE ALL CAN VOTE!
PROPOSAL IS NOW OUT LINK BELOW
Please share the proposal, even if you hate it. So we can get a discussion on this topic.
https://peakd.com/proposals/177
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Definitely a discussion worth having.
I, personally, favor having a shorter power-down as an option. I like the 2-option solution.
Thank you.
I think 2 option is something for everyone. I like it because funds can be split as much as needed for everyone. 90/10 or 50/50 or 10/90.
Super flexible is something i like for the longterm :)
Waiting 13 weeks is only if I actually want to close the account (like Steem). Therefore, I couldn't vote for this any faster!
Thank you!
I like the idea of being able to split your holdings between different power down times. I think I will give this proposal some real consideration as a result
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Thank you!
I will definitely be looking this over. Sounds like a great idea on paper.
Thanks!
I currently like the stability of our current system has so why not just let it be.
You can absolutely power down or switch to liquid rewards anytime you want.
So this just kind of complicates things unnecessarily in my eyes.
It would change nothing for people that want the 13 weeks, but add the option for 1 week.
With a more dynamic power-up system, we could attract more holders and reduce the liquid hive available.
For liquid hive holders, it would be stupid to not power up, but they can only influence the system if they hold it longer. because of the 1/13 gov vote power each week.
Longterm it can be the best of both worlds :)
I just don't see it that way.
But we will see what happens.
The other ideas with 4 weeks and burn or fee (10%) for instant power down are 100x worse IMO.
Instant for burn makes all keys useless. And market a power down fee is again like a trap.
And this is the other idea around.
I would like to have an open system everyone can feel welcome, without locking funds for 3 months. With 1 week people can have much larger stakes with less risk if money is needed.
A real and safe alternative to other chains, because the hive is really decentralized. And yes also for longterm Holdings.
I have the opinion in power-downs nothing change dramatically, but power-up would increase massively.
However that long-term staking actually provides a lot of stability for platform and as well the price.
Rocking the boat too much means that boat will sink.....
ste*m has 1 week now since around 8 months. With the difference, they don't have security updates and optional 13 weeks.
I would say nothing dramatic in a negative way would happen, simply because it's tested already.
The boat of hive is more solid than ever. And I think the proposal would it make even more solid long term. For the price, I would also expect a more positive trend.
I think this proposal is nice to discuss. I plan to put it up in the @leomarkettalk after the new one is up to get people's opinion on it. I think I want to see what other people say first.
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Sure more opinions on this topic are always good :)
Thank you!
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Your post was promoted by @jfang003
Yes a shorter power down is needed and yes there should be an option to pull it out quickly for a fee which gets divided up to holders.
However lets be serious now this is the least of our concerns at the moment. We need to stop spending so much time jacking around with power downs, APRs, reward curves etc and start building front ends already! That's the real issue here.
Do you really think people are going to buy and power up more hive because they can power it down in 7 days or 30 days compared to 3 months. I'm willing to bet it's a no.
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It is IMO a super stupid idea. It would make account recovery and so on useless.
Also, it makes again the feeling of holding hive is like a religion.
Power down and the system hurt you. Uncool.
It should be open and fast. That's how web3 should work.
I paid the proposal because I want an alternative to 4 weeks and burn. Because I know to 100%, it will be worse as 13 weeks.
A long-term solution would be if people can choose between 2 options.
Does it fix hive problems? No, but one of them.
And I would they, in general, we would have more power-ups as downs. Because as an investor you always know, you have access to your funds. And this is the feeling that's needed for medium funds.
Super large funds will lock up and be confident. Medium maybe need sometimes money and want access to it, and we shouldn't forget, we are in crypto.
Edit:
And yes i agree more frontends and cool shit are needed and more important, but this change is super easy to work. Like change some numbers and add a little bit of code. So it wastes so recoursess.
So we pushing for shorter power down period, would really love an adjustable period.
thank you
The shorter period of power down is a welcome move. Additionally, there should be some mechanism to compensate the hive power given to someone who is using shorter period. Someone will provide this power to the one looking for shorter power down. There could be established marketplace
I would say it is dynamic.
1 week or 13-week power up doesn't matter as long it is longer powered up as 13 weeks for the full gov power votes.
So it is only because of security aspects, everyone can choose the time they want for power down, to become access to funds.
A long-term holder voting increase could be a really cool thing, but I don't know it would be much technical work :)
@drakos I see your comment on the tax post. Wanna give me some feedback on this proposal? :)
Supported by both @clixmoney and @dcooperation. It will be good to see such option, so if 13 weeks is done to make loyal stay. The 1 week option will filter that and non loyal will go, loyal will stay powering up everything even if it's 13 weeks !
Thanks for your support,
I think the proposal doesn't become enough attention to become a thing. It would need more people to talk about.
IMO flexible weights in stacking 1 week and 13 weeks would make hive way more flexible. Also, investors don't feel trapped for 13 weeks if they want to try it out.
Would be beneficial for hive in a long run.
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