So it's better to have custom stake period with governance influence scaling with said period, right? Exchanges being a factor is why I am leaning more to forcing the entity to determine how long they wish to commit before they stake as opposed to let them mature as long as the tokens are still staked. For example, if an exchange wants 2-year-stake-influence they need to determine upfront if they will never need the tokens for 2 years and get punished if they actually will need it compared to just stake and if they actually don't need the tokens they gain massive influence or if not they can unstake with no consequence.
RE: Single token, simplification?!
You are viewing a single comment's thread from:
Single token, simplification?!
I can't say what is better. But if people want to keep exchanges from voting, I don't think the existing 13 weeks (avg 7 weeks) will ultimately do that. Maybe a much longer period would work. Maybe nothing would work and you have to accept that whoever holds the keys gets to vote, ultimately.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Being forced to disable withdrawal and/or to take loan already kind of working as a consequence in my opinion. Is that severe enough to achieve better governance? I don't know.
That aside, a way more interesting "topic" is up for discussion now. Let's see where it develops.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Even that would only ever happen if they burned through their liquid slice and didn't replenish it fast enough from the initial power down installments, which is actually quite unlikely.
It is possible to get this information historically from the Steem blockchain since most of the exchange balances are public. For the most part they have only ever increased, meaning there would never have been a liquidity shortage with even a tiny liquid portion.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Is there any other known exchange currently voting for witnesses on Steem aside from @blocktrades?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't think so but I'm not 100% sure. In my opinion, mostly they ignore it because the value is low (and we're lucky when they keep their wallet updated and online), but now that they all have people whose job it is to figure out how to earn income with customer deposits, a rise in value would change the situation.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit