RE: Shorten the SP power-down period?

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Shorten the SP power-down period?

in steem •  5 years ago 

Nobody should be forced into something with their crypto. Look: some crypto can be staked voluntarily over a long term. I have WAX staked for three years, I can access it any time, but then I lose staking bonuses which can't be regained. I have NEX staked for two years, but unlike STEEM, I had the CHOICE to lock it up. With SP I don't have a choice, I get paid (mainly) in locked SP whether I like it or not. That's tyrannical bull****. If holders don't get a choice in staking their tokens, then they should be IMMEDIATELY available. Otherwise it's worse than a bank or government fiat: people telling you what you can or can not do with your own money.

You DO NOT create value by making your token hard to sell. That's a false economy. It's market manipulation - again - just like fiat. If STEEM users want their token to increase in price, then there is only one thing to do: MAKE THE CHAIN EASY, FAIR AND FRIENDLY TO USE! Anything else is doomed to fail and will negatively affect value.

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I don't agree.
Everything on Steem is voluntary. I don't have to stake my steems. I can buy steems and hold them on the steemit.com-wallet or on an exchange and trade them with fiat or any other shitcoin.
Or I have the choice (!) to power them up. This power-up comes with certain conditions (advantages and disadvantages):

  • disadvantage: I have a lock-up period.
  • advantage: I earn interest, I can vote for witnesses, I can upvote and incentivize content producers.

I think there is much choice and the power-up option is a great deal. And I - as a long-term investor - appreciate the possibility to lock-up steems because this reduces volatility.
These models (with lock-up periods) have existed for other products (certain stocks and closed funds) for a long time.