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RE: Steemit Power Down Proposal
Instant powerdown could be an advanced setting for those who are aware of the associated risks.
Instant powerdown could be an advanced setting for those who are aware of the associated risks.
What about @yabapmatt idea?
Could be this proposal an intermediate compromise between attract new investors and lesser down security risks?
Hm. Interesting idea. Could also work, but this would most likely require a bigger refactor than other options.
Yep! an interesting idea worth to throw a neuron or two on it right? :)
However, I can't see how this idea could likely require a bigger refactor than other options. I see it way more easy to implement than the many, multiple and diverse that have already been suggested throughout this post. Including those proposed by @steemitblog.
Do you care to elaborate where you see the 'bigger' difficulty?
It might not be that different actually. The logic around weekly powerdowns would have to be replaced with a lock-in for a certain period of time.
Well, those lock-ins for a certain period of time is precisely what I find most interesting and accurate on @yabapmatt optics about how address more directly the solution @steemitblog is posing. Well, at least while commitment never stops being present in the 'algorithmic' equation. Because otherwise, ¿Where's The Love? };)
I would still make it opt-in based or with another security layer.
What if an account is compromised right after the lock-in period expires? Wouldn't that allow the person with access to the account to withdraw all SP at once (assuming all SP is unlocked)?