I would argue that stopping at just 1/13 doesn't go far enough. Why should there be any cooldown at all?

I know, I know – all the old assertions, with the core one effectively boiling down to, "if users actually owned all of their token, they might spend it all at once and depress the price!" The implicit paternalism of this position and effective ignorance of the economic realities always pained me.

If your users which hold the token all want to liquidate at the same time, their desire to liquidate already indicates that the value has dropped. Locking them into keeping their money in the bank, as it were, artificially inflates the value and artificially deflates the liquidity. If you're interested in prices as signals, you can no longer accept those signals as valid prices.

On top of that, it assumes that holding will always be better – and we know that's foolish.

Part of this goes back to inherent issues with proof of stake systems across the board, and those of been beaten to death more than "which D&D edition is the best?" on the Internet.

I support immediate power cooldowns for the entire value of your HBD. If I want to take all of my coins out of the bank and spend them on hookers and blow, that's not the place of the bank to judge. If I want to make them a sensible investment in rare earths, that's not the place of the bank to judge.

What you can't control, you don't own – and one of the core axioms of the cryptocommodity world has always been "you own your money." This kind of mechanic, one of which hinges on not letting you make executive agency decisions about how to spend your money just reinforces the fact that Hive (and Steem before it) isn't really about providing more agency to users. It's about creating an increasingly sticky place to put value for the benefit of others.

I've never really been down for that and I'm still not down for that.