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RE: Just some random November thoughts...

in #steem5 years ago (edited)

The whole idea of cryptocurrency is transfer of power and responsibility to people. If I want full security I may keep my assets in the bank.

If the concern is security we can give a choice for the user/investor to enable/disable lock up time.

Volatility in crypto space is not same as in traditional markets. I would prefer choice of lock up and responsibility of security decided by the user.

Moreover, there can be security measures implemented to avoid theft. You are a developer. I am sure you have some ideas.

Security is not an excuse for 3 months lock up. That is a very long time in crypto space.

p.s. Yes investment is long term. But when investors want to get out, they shouldn’t be forced to wait 3 months.

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If I want full security I may keep my assets in the bank.

This gave me a good laugh, thanks... ^^

Changing the powerdown period won't automatically make us do the right decisions in future. According to the following chart (daily candles), we had plenty of time (more than 3 months) to catch a good price last time and even a few months after that it came back into the $5 area.