The am strongly against the power up tax.
If you tax something, you get less of it.
So we are proposing decreasing the power down time to incentivize investors to buy Hive, and power up. So Why are we simultaneously proposing taxing the process we are trying to incentivize?
This could be a devastating blow in my opinion. 5% just to particpate in the network? Mix 5% power up, with 10% power down? 15% to have instant access? No investor will be interested in moving any substantial amount of money to Hive if they are planning for the possibility of taking it elsewhere within a few months. Which $billions move around crypto yearly doing just that. We can make staking Hive a great mid-ramge investment. Move $100k to Hive, power up for a few months,then start the power down. These mid-length investments are incredibly common and this would drive them away. With a 4 week power down, Hive could be the premier place to move your cryptob for a few weeks or months in bear markets because of the interest and curating rewards to be made. 5% power up tax will substantially decrease the amount of these investors.
I don't like the tax on powerdown, but as long as it's reasonable, and there is an option around it like longer powerdown time than I guess I could live with it.
I don't see why we don't just go with a shorter power down. Still couldn't dump coins
RE: Power Down Time