can you explain to me why burn?
Why a holder should buy it and burn 10%? makes no sense. It's again something weird.
Makes keys useless and is the opposite to be free to move funds.
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can you explain to me why burn?
Why a holder should buy it and burn 10%? makes no sense. It's again something weird.
Makes keys useless and is the opposite to be free to move funds.
Let's say you want to get your HIVEPOWER liquid instantly (there could be a discussion whether there should be a 3-day delay for security reasons), but in any case, you'd forfeit 10% of your HIVE to skip X weeks (could be 4, 13, depending how long it is).
And instead of burning, it's distributed among other HIVEPOWER holders.
It's actually also similar to: https://neverlose.money/about
in my opinion, things should be simple and not so complex.
Burn is also not the sexiest way to market. Because people buy the stake, power it up, and want at some point some funds.
There could be told, with this we prevent funds get dumped, but would it be worse? This kind of burns and power-up regulations prevent larger stakeholders from power-up. I think many would hold it forever like some whales on other chains, but they know, they can sell any time. Without a huge fee.
If funds are more liquid, there becomes an alternative to other tokens to hold. Special with HBD converting.
more liquid and easy-to-move funds always beat long-term lockups.
Sidenote: IMO short-term Investors should be converted to long-term holders. That would be able with lower power down times and no fee.
Because holding liquid hive compare to hive power should Hive power win.
with 1 week for example there would be close to no reason to hold it liquid.
Should end up in a decrease of liquid hive available.
I put up a proposal for 1 week. Lets see what happens :)