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RE: For a better Steem, remove the Steem reward pool

in #steem6 years ago

While we are at it, remove STEEM (I'll just call it Steem) Power and SBD. (Again, these are old ideas, people have been calling for simplification since 2016.) Make it all liquid STEEM. Investors hate lock-in periods...

It may seem klunky, but the 13-week lock-in effectively reduces the supply of Steem available for trading and speculating. Increasing supply without simultaneously increased demand is a recipe for a price plunge.

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I have discussed this both in the post, and below in a comment. On the other hand, it'll greatly increase liquidity, and the lack of a lock-in period will also significantly boost investor confidence. It used to be 102-week lock-in period before. The price was $0.10 when the transition to 13-week power downs happened. That's all I'll say, look at my response to dali.soh below.