RE: Feedback Wanted: 4 Week Power Down

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Feedback Wanted: 4 Week Power Down

in steem •  5 years ago 

Couldn't you power up the savings bucket and just strip it of voting rights for witnesses and SPS? That way, if you want help govern the network, you need the 13 week vesting. If you want to jump in and vote folks with your short-term HODL, you can do so with a 3-day power down and at your own risk.

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Perhaps another idea would be to adjust Steem Power potency all together to indicate your level of "loyalty" to the protocol.

For example:

5000 STEEM powered up (staked) with a 4 week power down = $0.03 100% upvote
2500 STEEM powered up (staked) with a 8 week power down = $0.03 100% upvote
500 STEEM powered up (staked) with a 40 week power down = $0.03 100% upvote

This could allow for much more equality in distribution of STEEM rewards via smaller holders simply being willing to lock in to the system for longer.

This is one of the better ideas I've heard about this. It's likely having classes of citizenship based on your level of time exposure.

You want to be a full citizen. Stake the thing.
You want to be eligible for rewards, but not have to stake for 13 weeks, ok, but then you don't get to participate in governance.

You want to be a full citizen. Stake the thing.
You want to be eligible for rewards, but not have to stake for 13 weeks, ok, but then you don't get to participate in governance.

Yes, but I'd do it a bit more granular. For example:

ActionMinimum Staking Duration
Rewards Pool Voting1 week
Proposal Voting2 weeks
Blockchain Governance Voting1 month

And here some examples of how the staking duration (power-down period) could affect rewards. (really rough numbers)

RewardsStaking Duration
2% p.a1 week
4% p.a1 month
8% p.a3 months
14% p.a6 months
20% p.a1 year

I like your ideas about dynamic staking @therealwolf and I would prefer being able to Power Up longer than 1 month.

@therealwolf I would support this, not just throwing a 4 week powerdown through. I would encourage you to write more about this and try to gain support on it. I would certainly (for what it's worth) support, upvote, resteem etc.

I have to echo this sentiment. Let those who want to try out the chain have their short staking and unstaking features.

Let those who wish to have influence on the chain power up and stick around longer.

I would like to be able to Transfer my Steem into Savings for as long as I want as opposed to just 3 days.

(to secure my holdings)