Proposal
I have been waiting for this for couple of months and I'm thrilled to be able to support such proposition as i believe the change could have positive impact on the overall steem economy.
Currently we are standing on 90 days period which is obviously one of the biggest burdens steem investors are facing, therefore such change is literally crucial for us to start going big.
The change is being initiated by @thecryptodrive and here's what he wrote.
The proposed change is to reduce the current 13-week power down schedule to 4 weeks. The reason for selecting 4 weeks was to still provide some lockup protection within the 30-day account recovery period.
Although i wanna emphasize that even 4 weeks are pretty long period, in comparison with what we have now is pretty big deal. Honestly, i didn't expect such proposal to happen so quickly and i can't be more optimistic than I am.
Feeling hype about this place :D
Keeep the ball running!
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Lol how does that help economics?
More supply for same demand..
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I'm somehow convinced that more people will start considering to invest due to this change. It doesn't necessarily mean that we will see changes immediately, but is a good start!?
Yeah, i do agree on what you've wrote but i don't think it'll have any negative impact on the price
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But I think so. And many more.
Austrian school of economics is very important in the crypto space.
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What you think should be done to stimulate and increase demand for steem token?
I feel 90 days period is more like a burden than a positive way of decreasing supply
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