You are viewing a single comment's thread from:
RE: Feedback Wanted: 4 Week Power Down
You completely ignore market dynamics.
Not allowing investors to panic sell at the bottom is the single worst thing for the price of steem. It's the reason we perform worse than other coins in bear markets (Yes, a bigger reason than inflation).
I have repeated this argument way too many times without it being read to be bothered to explain it again.
Edit - here's the link to a better explanation: https://steemit.com/hive-100421/@marki99/marki99-re-theycallmedan-zfjdulsk-20200118t114054566z
I don't completely ignore market dynamics nor do I need to read your post to understand your idea.
Seriously, it's kind of silly to think that such ideas haven't been thought about by many people who have been in this coin for many years and hold large stakes in it. But it should also be pointed out that such ideas are just opinions about human behavior and don't form any kind of really solid science.
So if everyone knows how on earth are we not acting on it?
Yes, it’s not science but no argument in the powerdown discussion is scientific. It’s all based on predictions, investor behavior, security concerns of people.
As you are one of the biggest stakeholders on the platform, I hope you will come to the conclusion that the priority is the price of steem, and that it can be helped a lot by allowing instant powerdowns.
Judging from the rest of your SPS votes we agree on pretty much everything else.