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RE: Feedback Wanted: 4 Week Power Down

in #steem5 years ago (edited)

Ok, you make several arguments, so let's start at the beginning (hopefully I address most of them):

"make an alt account you don't use,...This is a major non-concern that relies on making case that people are dumb ..."

No, I'm making the case that most people won't do this, either from inexperience, laziness, or the mistaken belief that it seems you share that this form of hacking doesn't happen often in Steem. I think it's easy to make this case from observed data alone.

As support for the above argument, you also point out "There are hundreds of tokens with no staking". This is quite true, but most often these coins don't share an important characteristic of Steem: in Steem, users often use their keys in many web-based dapps. This is because Steem is truly more of a utility/dapp token than most coins, which are generally more for financial transfers. This is really a cool feature of Steem, but it also means Steem users are more exposed to phishing attacks than many other coins.

Having only speculators, which we do now, that only simply follow BTC price movement is what is screwing us.

I'm not arguing for having more speculators, I'm only arguing that it is feasible to speculate on Steem without powering up SP (and hence keeping liquidity of purchased Steem). Now while it doesn't sound like you want speculators, some do, and complained on this point, so I was addressing how speculation was still possible.

Fear-mongering over a very unlikely occurrence makes for a very poor argument.

In this case, I think you're making a poor argument by labeling this "fear-mongering" as some kind of perjorative. This is a real thing, that happens quite often in Steem. Maybe I see it more because people complain to us when their funds are stolen. But it's not that hard to find many people who have posted about losing funds from their accounts due to these phishing attacks.

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