Firstly for security purposes. I for one are happy that it takes 13 weeks to fully power down. If you could just withdraw everything it leaves the accounts at a huge risk of being hacked. this also prevents flooding the markets with steem and keeps the prices more stable.
If people would be able to do that, the whole Steem system would be empty by now. Simply because, if you have a drop in value, as is happening right now, a lot of people become bearish, and start selling their crypto's. What is basically "powering down" in Steem. By having a retention period of 3 months, Steem is buffering this, and keeping its userbase and tokenbase more active.
Firstly for security purposes. I for one are happy that it takes 13 weeks to fully power down. If you could just withdraw everything it leaves the accounts at a huge risk of being hacked. this also prevents flooding the markets with steem and keeps the prices more stable.
View this answer on Musing.io
If people would be able to do that, the whole Steem system would be empty by now. Simply because, if you have a drop in value, as is happening right now, a lot of people become bearish, and start selling their crypto's. What is basically "powering down" in Steem. By having a retention period of 3 months, Steem is buffering this, and keeping its userbase and tokenbase more active.
View this answer on Musing.io