I would also like to see a system where the power down accounts lose the ability to participate in the governance of Hive and the witness selection system. If an account is set to power down 50% or more then all the witness votes from that account get pulled, even if the next week they stop the power down, then there powered up Hive should be treated as newly powered up and be ineligible to vote for witness or other governance items.
If the power down is fast or instant, this sort of happens automatically. You power down, boom, you're powered down, you don't get to vote.
It's only an issue at all because of the current slow power down process.
So as a person powers down their vote weight for witness is automatically reduced to the amount of vest they have? Thank you I did not realize that, I thought the vest weight at time of vote stayed until next vote. Thank you for helping understand that better.
Yes witness, proxy, and proposal (DHF) votes adjust immediately down to current stake (when powering up, the new stake is delayed from voting for 30 days). Votes on content stay as they were at the time the vote was made.
Maybe better to make them not earn in the blockchain set APR which maybe isn't a lot but 3.28% apr is not nothing. Having less people involved in the governance is not a good thing... we want more involved to have more decentralization.
It seems that it would add a layer of protection from possible hostile entities. We protect the chain from possible incoming hostile entities by making them wait one month to fully participate.
It would affect a lot of the smaller accounts, but the reality is that only the large accounts vote the witness in vote for proposals and other such things. The ability for the small accounts to effect who is is not a top 20 witness is pretty insignificant.
But yes having a smaller group of people controlling things would be just as bad, however the small accounts would then have more power to determine who is and who is not a top 20 witness.