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RE: STEEM Cold Wallet - How to protect your funds from anything

in #steem7 years ago

Liquid funds cannot be used as voting power, Steem Power is already protected in the sense it has to be powered down (which takes 7 days to even get 1/13th of your funds) and by then you should be able to complete the Account Recovery process and regain access.

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Right, but people without much VP probably don't hold liquid, because any Steem we get, we're putting into VP. My SBD I play with, in that I either sell it into various cryptos to pay bills and such, or I convert it to Steem and power up. I just don't imagine people holding liquid unless they're using it for something else.

It is not for everyone just those who hold a decent amount of liquid.