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RE: Incentives for Burning Hive | (PHP) Permanent Hive Power?!

in LeoFinance5 years ago

Yeah there are so many potential options you could potentially program into this system.

When it comes to staking HP, and the discussion on length of powerdown, etc., I think many people forget or do not know that Steem's original powerdown was a 104 week cycle, and was changed to 13 weeks.

Some still long for that shorter power down cycle, specially in an age of competing with DPoS tokens that let you un-stake instantly, or in less than 3 days. But, I believe there is potential gains and predictability in the effects of a longer power down cycle, or even something like PHP where stake is permanent.

Overall, even if it isn't PHP, I also do still swing back to the theory that if you have a reason to burn tokens and destroy the value, why not find options to transfer the value in a better way than existing tokens price appreciation. PHP seems like an interesting way to destroy a Hive token's value for the potential long term benefits if you truly believe Hive is the future of social media blockchains.

I'm not saying I'd burn all my Hive for PHP, or even keep a higher stake % in PHP over HP, but i would definitely have a large % stake risked since I believe that Hive is going to do big things and if the incentives of PHP reflected the value of that risk of a permanent commitment.

Thanks for the feedback! Followed.