Thanks for providing an alternative insight into what’s happening around the power down conversation. I have held off voting on this because I wanted to do some due diligence and give myself time to think about the ins and outs. Reading this post and all the comments from top to bottom has given me some of that so yes! Thank you!
I’m leaning towards another use case for our Hive Power. We need to continue giving people reasons to PowerUP so baking in more functionality makes complete sense. Having a on going tug-war system to use the power of DPOS to decide the amount of power down is a cool idea and gives another real value case for PoweringUP in the first place.
PoweringUP has always been a way to signal ownership of the blockchain to the community... but adding more powers to that ownership would go a long ways to increasing Hives market value.
I don’t think having anything less than 4 weeks power down makes sense from a security standpoint (and can we please get some 2FA already?) ...and I am against an instant power down I think... If someone knowingly PoweredUP their Hive then what’s the point if they can immediately power it down?
Yes... we could have fees for an insta Power Down buuuut why add another of complexity when it’s not needed. People who want to invest in and out of Hive can singnal that BY NOT POWERING UP THEIR HIVE IN THE FIRST PLACE. The signal is important to. It shows us as Hive community members who’s thinking like a short term tenant and who’s thinking like a long term owner.
We need more owners. We need steady growth in order to attract business, development, and REAL INVESTORS. We should never cater to speculators. Bad money always drives out good money... this isn’t doing anything to attract sound investment.
Let’s move away from all the short term thinking (all the hype) and start building for real. The sooner we do this the sooner Hive goes above $1. And the sooner we will be having more intelligent conversations about the future of Hive within the larger context.
layer of complexity