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RE: Vote for 4 Weeks Power Down! Vote for @thecryptodrive Witness!

in #witness • 5 years ago

Hi @xpilar

I was wondering what are advantages of short powering down.

It surely would benefit mainly those people, who want to sell and get rid of their steem as soon as possible. I'm just not sure if it could benefit anyone else.

It's also easy to imagine that all current accounts currently powering down would speed up such a process. And short term I would expect enormous selling pressure to apprear, causing probably wave of panic.

I'm going to check out post by @thecryptodrive and let's see what are his reasons behind this idea. Im very curious.

Basically one important question we need to ask ourselfs: do we care mostly about long-term investors who are willing to stake their STEEM token long term - or would we rather attract short-term investors.

Yours, Piotr

5 years ago in #witness by
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     5 years ago 

    Basically one important question we need to ask ourselves: do we care mostly about long-term investors who are willing to stake their STEEM token long term - or would we rather attract short-term investors.

    Steem will need both long-term and short-term investors who can tie up their funds in Stempower and with 4 weeks of powerdown as I see it will attract more investors. I have to deal with investors and 13 weeks PD is not easy to explain with funds locked over that time even though they view Steem as a long term investment.

    Investors are looking for dividends and it is our job to show what opportunities there are in Steem in the long term. Of course, I also tell them about the risks that can result in losses and I give no guarantee.

    I would also think long-term investors will be happy for 4 weeks PD
    We have to see it on their part too for long term investors are here much longer than 4 weeks.

    It's also easy to imagine that all current accounts currently powering down would speed up such a process. And short term I would expect enormous selling pressure to apprear, causing probably wave of panic.

    Yes, I see that danger can come with all current accounts currently powering down such a process. This is another topic that should be taken into consideration and nice if it can be brought forward by those who are strong in math on this