Reversing the power-down-delay to a power-up-delay.
This is a cross post of @mughat/reversing-the-power-down-delay-to-a-power-up-delay by @inertia.
This would solve everything.
This is a cross post of @mughat/reversing-the-power-down-delay-to-a-power-up-delay by @inertia.
This would solve everything.
A viable variant of this idea is to delay governance influence of newly powered up stake.
That'd be fine too. Also, maybe during the transition, all stake influence has a reduction to 10% influence. Since everyone is reduced, it's relative and nothing changes. But then, anyone who decides to, can indicate they want to "power up." They're already powered up, but they didn't experience the delay yet. Now they have that chance.
The point is, because it's a platform-wide transition from one type of delay to another, all accounts have a chance to decide what position they want to take.
This would at least solve something.
How about direct ability to upvote for Steem rewards, but slow and gradual ability to participate in voting for witnesses?
Direct engagement (important for on-boarding new users), but slow changes in power structures (not really important for minnows/new users, but comforting for investors and very good for security of the chain)
Let's avoid breaking things.
This.
It would be ludicrous to penalize someone who just invested by excluding them from full stake curation rewards. Not merely ludicrous, hostile to investors even.
The power up delay period is an idea worth discussing.
However, power down should still remain at least a week to prevent double voting.
There should also be some sort of slightly longer delay to cancel so pump and dumpers cannot bait people to powerdown.
In order to cut over, I could see keeping everyone who is currently powered up staying powered up. Anyone who wants to power down should still have some limit like one or four weeks, to protect accounts from phishing attacks.
But after that, anyone who wants to power up has to prove they're in for the long haul, moving forward.
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Interesting. I like that you're thinking outside the box, and it certainly would have prevented this takeover from happening the way it did. But instant power down is a problem for account recovery - a stolen account would be drained instantly.
True, that's why even back when this idea was thrown around, they were talking about one week. Four weeks for power down is already supported by the community.
More importantly, discussing it allows all parties something to negotiate, which would be progress.
Or, we can keep the indefinite standoff, which is fine too.
lol its an old idea from our under apreciated genius who invented SMT's and proof of profit, @mughat
Makes a good bargaining chip,...
I liked the two year 160% inflation days,...
Not nessisarily everything, one of the benefits of the system is that whales powering down is public knowledge. This gives less incentive for people to dump all of their stock.