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RE: HF Proposal: Vote to Reduce Power Down Period to 4 Weeks
Is this idea of @thecryptodrive getting any serious traction @therealwolf?
I don't know why @thecryptodrive offered this in such a rush and NEVER addressed your valid points and good ideas.
Either he's not thinking clear, not taking time to thoroughly address your comments @therealwolf or something else that I cannot imagine.
- Dynamic staking would be an improvement IMO but cutting the 13 week Power Down with an ax without keeping a good incentive to take for a long period of time is not.
I’ve addressed everything in my comments throughout this thread, the fact is for this HF we can’t do anything fancy other than a parameter change from 13 to 4 weeks. It is already a code heavy HF due to SMT’s being added and adding complexity can introduce critical bugs.
I am only proposing a change to the length of period, fancy stuff can be done in a future HF. Steemit doesn’t have time to code anything fancy and there are many people who don’t want to delay the HF.
If we don’t take this opportunity to reduce the stake window likely we will have to wait another 6 months to a year for another HF.
Yes this proposal is getting traction, it is #1 on the proposals list with over 17 million SP behind it. That should be a good indicator of community sentiment towards it.
Is it possible to downvote the proposal or does it only calculate the upvotes?
Btw, you said that we can't do anything fancy in this next hardfork since Steemit Inc. Is doing SMT's but what do you call SMT's?
SMT's are already "fancy" and there's no need to throw a wrench in the progress by shortening the Power Down time when investors who want to buy Steem like Bitcoin ALREADY CAN!
I mean no fancy code changes, all I propose is change from 13 weeks to 4 weeks, no other dual pool ideas and things. That can be done for this HF.
Ah okay.
I still disagree with fixing it in a rush like that but I get what you were saying now 👍