I would have liked to see Ned and Dan commit themselves to 21 months without cashing out.
When I moved my money in, it was on the understanding that the founders were committed for two years.
That said, I think they're on the level.
They've been too publicly connected with the project, to screw 10,000 strangers from all around the world and then retire quietly somewhere.
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Dan and I are committed to not powering down in the 3 months effective this change and not powering down faster than the previous software rules would allow from the @ned @dan @dantheman accounts. Everyone given a large SP account to work as an employee at Steemit is also on a multi-year (at least 2 years) vesting schedule that began at earliest in March.
I didn't know that would be possible. So you'll be powering down after three months, but only on the 104-week schedule? Or am I misunderstanding this?
We're committed to not powering down faster from these accounts than would have been possible under the current software. That's approximately powering down no more than 1/8th of stake each 3 months. This is not a commitment to power down.
OK, I got it. Thanks for clarifying. I appreciate it.
It has always been possible to power down more slowly than the maximum rate (at least using the CLI wallet). I think there has been some confusion about this since the function to power down a smaller amount is not exposed in the GUI.
Thanks for your reply, Ned. It's this sort of openness and transparency which will continue to drive the platform forward.
I'm proud to be a part of it.
I guess we'll find out sooner or later.