RE: HF Proposal: Vote to Reduce Power Down Period to 4 Weeks
I’m not in favour of multiple pools, as I mentioned above Steem is a different animal to EOS, we provide a simple normie friendly gateway to crypto, multiple pools with different staking cycles make the cognitive load immense, also as I said traditional shareholders of stocks don’t normally have a lockup period and still vote for the good of the company and don’t need to be imprisoned in their stakeholding to be invested.
A long lockup period shows weakness imo, even 4 weeks shows that we are scared our coin will dump so we have this 4 week buffer in place, it is however better than 13 weeks.
I like your suggestion to also think around other economic aspects such as whether we should continue to have SBD, if it remains broken and unpegged it is an embarrassment and should likely be deprecated, we should discuss that as well as a separate topic.
The vesting shares name and period were most likely created due to this: https://en.wikipedia.org/wiki/Lock-up_period
And I completely disagree with you there. It's the UIs job to make it as easy as possible, while the underlying tech can have more complexity to it. And having different staking periods, with different ROIs is actually very easy to understand.
No. It's just as bad. It's a different number, but the reasoning behind it is the same.
And again, you're forgetting the security aspect.
Lock-up period
A lock-up period, also known as a lock in, lock out, or locked up period, is a predetermined amount of time following an initial public offering where large shareholders, such as company executives and investors representing considerable ownership, are restricted from selling their shares.
Generally, a lock-up period is a condition of exercising an employee stock option. Depending on the company, the IPO lock-up period typically lasts between 90–180 days before these shareholders are allowed the right, but not the obligation, to exercise the option.
Lockups are designed to prevent insiders from liquidating assets too quickly after a company goes public.