You are viewing a single comment's thread from:
RE: (Very) Basic stuff Steem needs to fix: my personal list
The argument would be that you have to lock it up in order to participate in the rewards pool? That makes sense to me. But not 13 weeks.
I am not sure about the past. There was a widely tolerated practice of leaching rewards through steem - via bid bots.
We might not be having that discussion anymore with the introduction of SMT. At least I heard on multiple occasions that there might not be a use for SP then...
Posted using Partiko Android
Why do you have to lock in tokens to participate in the reward pool? It's completely arbitrary.
People will point out a possible abuse vector, i.e. double voting, but that doesn't exist either if the power down is 7 days. Let's say, you make a post and immediately vote for it, then power down. The power down will always finish after the post is paid out.
It was argued that any shortened amount of lockup time requirement would not work out. The amount of time currently chosen is absolutely arbitrary, and as you said, makes no sense.