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RE: Steemit Power Down Proposal

in #steemit5 years ago

I think this is a good idea. But would you want these 10 percent to go back in the reward pool or for those tokens to be burned ? I think burning the tokens would be good to counter inflation. Because when there is a bear market it seems more people tend to power down, and that coupled with the inflation rate really hits hard on the value of Steem.

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Yep, I agree. I would push for them to be burned. I am not sold on that 10% number but it would need to be high enough to counter someone voting 10 times, powering down instantly, powering up another account and voting 10 times etc and having it be economically beneficial to do so. The fee must be high enough to make that line of thinking uneconomical...

Yea it’s a bit tricky to figure out the exact percentage but nonetheless it’s a much easier and better solution then choosing how long you want to lock up your Steem