It's called 'Decline Voting Rights':
https://github.com/steemit/steem/issues/324
I checked a few weeks ago though, and none of the big accounts have opted to use it at this stage.
RE: In Defense of Consortium Blockchains
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In Defense of Consortium Blockchains
Interesting to see the comments there. With the 13 week power down (instead of the previous 2 years), it does seem like SP could just be moved to other accounts to get around this quite easily, but yeah, in theory it makes a lot of sense.
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Yeah, I think it's a shame they felt the need to reduce the power down period. It encourages short-term thinking all around.
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13 weeks is still an eternity in the cryptocurrency space, but yeah, I signed up and invested with a full understanding of the two-year commitment. I would have been okay with keeping it in place. Others argue it scared investors away.
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It definitely made me not interested. Too much commitment. I came back when the time frame was shortened.
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Because you were penalized with an increased rate of dilution (aka debasement) for not powering up for 2 years (1 year weighted average for powering down)?
See my other reply to @smooth about this.
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