Vote for 4 Weeks Power Down! Vote for @thecryptodrive Witness!
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You will recall that I initiated a proposal to change the current 13 week power down schedule to 4 weeks in the upcoming SMT Hard Fork. If you missed it, here is the proposal post. This proposal was well received with over 21 Million SP of community support.
In addition to this I took an informal spreadsheet poll among the then top 20 witnesses, which yielded 10 YES, 4 MAYBE and 2 NEUTRAL tending towards YES votes. Only 2 absolute NO and 3 Tending towards NO as per the below screenshot.
We are still short of 17/20 consensus, but I keep bringing up the issue internally and have stressed the fact that witnesses should not ignore community sentiment behind the proposal's overwhelming support. As such I have recommended that Steemit Inc deliver two sets of HF code, with and without the change, at which point witnesses can run which code they believe in and the community can vote on the witnesses which best represent their ideals.
@THECRYPTODRIVE WITNESS NEEDS YOUR HELP!
My campaign efforts for the 4 Week Power Down proposal have however been hindered as I am no longer in the top 20, therefore can no longer push this agenda from a consensus witness standpoint. The recent @proxy.token votes changed the witness lineup and left me just outside at position 21, sitting a little bit bewildered like this little cardboard guy in the corner of the post image.
I have been extremely active trying my best to improve Steem with the 4 week power down proposal the recent @sbdpotato project to try fix the SBD peg which hopefully will take the STEEM price up with it.
You may not know this, but the recent Paycent.com integration which was announced on the Steemit blogwas a project I have been negotiating for over 8 months to get paycent to agree to list STEEM as a top-up currency for their UNIONPAY CHINA and UNIONPAY International Debit cards.
I didn't announce or boast about my involvement in achieving this milestone for Steem, you will subtly see however that Steemit set the post beneficiary 100% to my @sbdpotato project.
My position as consensus witness and BuildTeam CEO gave me the credibility to be taken seriously in the Paycent integration. My position as top 20 witness was enough recognition for me, but perhaps I should have posted about it so the community could see I'm actively fighting to the best of my ability to bring STEEM out of the low-price doldrums.
I humbly ask the Steem community and all supporters of the 4 Week Power Down proposal to please vote my witness and help me get back into the top 20 so I can continue to serve and champion for the voice of the greater community.
Shoutout to the following who have voted my 4 week power down proposal but not yet voted my witness: @proxy.token, @haejin, @therealwolf, @berniesanders, @smallpusher, @slowwalker, @liondani, @nrg, @jsquare, @agoric.systems, @crystalliu, @steemhunt, @drorion, @freepress, @inature, @slobberchops, @superjohn, @mcoinz79, @reazuliqbal, @tomhall, @brent1042, @stayoutoftherz, @goldmatters, @davedickeyyall, @asgarth, @sepracore, @threespeak, @aquabox, @onealfa, @meno ...
Beneficiary Declaration: This is a 20% @sbdpotato beneficiary post
If you like what I do, vote for @thecryptodrive witness with this vote link: https://steemit.com/~witnesses
Or use the quick SteemConnect link: https://app.steemconnect.com/sign/account-witness-vote?witness=thecryptodrive&approve=1
Dear @thecryptodrive
Our common friend @lanzjoseg mentioned about your publication in his latest post. So I decided to read your reasons to support idea of cutting power down time short. From 13th to 4 weeks only.
Oh wow. That's bloody impressive. Would you mind telling me how does it work? Since you received such a support - where does those funds end up and how do you manage them? I presume you cannot sell it, right? (I only hope so :)
Will that change (of shortening power down time) cost that much? It's just a bit shocking (since it's over 2mln usd).
I hope I'm not making an idiot out of myself (i just never learned about steem proposal system and I'm not sure how does it work).
Anyway back to main story: I really value all the work you've been doing here on steem blockchain buddy. Seriously. I started my adventure here having some conflict with you - however I've learned to value and respect you.
I suppored you with vote for witness from my account and @project.hope (I'm not sure if delegated SP counts while voting on witness
Yours, Piotr
Dear Piotr, I appreciate your comment and appreciation. Basically the way I did this proposal was set it to be funded only 1 SBD per day and set the beneficiary as the steem dao meaning funds get returned, basically I'm just using the proposal system as a poll to gauge user sentiment for the idea and has no monetary gain.
The 21 Mil SP is merely the amount of SP behind the people who vote for this change, think of it as shareholders voting for a change in a meeting 21 mil of participating shareholders vote for the 4 week powerdown change.
Hi @thecryptodrive
I am in favor of the proposal with 4 weeks.
Investors that I have joined in Steem see 13 weeks as a long time.
It can be easier to attract investors when it is 4 weeks
Hope you return to the top 20 again
Hi Xpillar, I agree with you fully, personally I wouldn't buy crypto that you have to lock up for a long time, so I imagine investors feel the same.
Hi @xpilar
I was wondering what are advantages of short powering down.
It surely would benefit mainly those people, who want to sell and get rid of their steem as soon as possible. I'm just not sure if it could benefit anyone else.
It's also easy to imagine that all current accounts currently powering down would speed up such a process. And short term I would expect enormous selling pressure to apprear, causing probably wave of panic.
I'm going to check out post by @thecryptodrive and let's see what are his reasons behind this idea. Im very curious.
Basically one important question we need to ask ourselfs: do we care mostly about long-term investors who are willing to stake their STEEM token long term - or would we rather attract short-term investors.
Yours, Piotr
Steem will need both long-term and short-term investors who can tie up their funds in Stempower and with 4 weeks of powerdown as I see it will attract more investors. I have to deal with investors and 13 weeks PD is not easy to explain with funds locked over that time even though they view Steem as a long term investment.
Investors are looking for dividends and it is our job to show what opportunities there are in Steem in the long term. Of course, I also tell them about the risks that can result in losses and I give no guarantee.
I would also think long-term investors will be happy for 4 weeks PD
We have to see it on their part too for long term investors are here much longer than 4 weeks.
Yes, I see that danger can come with all current accounts currently powering down such a process. This is another topic that should be taken into consideration and nice if it can be brought forward by those who are strong in math on this
4 weeks powerdown will be a very good change and I hope it'll be implemented in the next HF. Looking back I can't believe it used to be 2 years.
Lool two years is crazy!! Thanks for your support my man!
First time reading about this but I 100% support it! Thanks @thecryptodrive!
Thanks for your witness vote as well!
I like 4 week power down. 1 week power down would be better, but 4 weeks better than 13. Thanks for initiatives.
I think 4 weeks would be best due to account recovery also lasting 4 weeks and in worst case scenario if you're afk for a longer period the hacker/pw thief won't empty your whole account in 5(possible undelegation)+7 days.
Yip 4 weeks is the perfect balance that takes security into consideration.
4 weeks are ways better then one week. Because otherwise exchanges can use the Steem for Votes.
Pleasure, 4 weeks is the best compromise I could get that pleases everyone. Thanks for your support and encouragement!
Hi @thecryptodrive
It is definitely a fantastic idea to take 4 weeks with all my support to promote this proposal.
Thanks dear friend!
你好鸭，thecryptodrive!
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You win!!!! 你赢了！ 给你1枚SHOP币！
Let me fix that witness vote for you, 4 weeks will show the world this is no scam and people can leave as easy as they can enter.
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Awesome thanks so much!
You get my vote, 4 weeks powerdown seems perfect to me, But the sbdpotato stuff, I'll downvote that, Would rather see real content be rewarded more than some account being used to inflate steem dollars.
Hey I’ll take the win on the 4 week initiative. Thanks so much. :)
Really needed change. Resteemed.
Thanks for the beer! Cheers!