a) Governance
I think the biggest objection is the impact of governance, short powerdown times = extremely dangerous for governance. This is two fold:
If everyone that powers up can participate in governance:
Easy way to manipulate governance with a high stake quickly and then leave quickly again (Makes an exchange attack more likely)
Does this mean you didn't read my post fully? 😄
Here's what I wrote:
- You decide that you want to take part in governance voting & DHF voting. However, you need to have staked your HIVE for at least 4 weeks to be eligible to take part in it. So you need to wait 2 more weeks until you're able to do that.
- The reason for that is that individuals can't just buy stake (HIVE), overtake governance and then sell the stake again.
At the moment holding hive gives you an incentive to participate in voting and engaging on the platform. I agree that this incentive also leads to wrong decision-making but I also believe that significantly less people will engage and significantly more people will just enjoy receiving the inflation and do nothing.
No, I disagree. Inflation should incentivize hodling to stabilize the asset, which in return makes HIVE more attractive as there is less risk about it dumping hard. Why do you think MCO is so stable? Or why ETH is going to become much more stable? You need to have 32 ETH - currently min 4k USD. That's a lot for the average joe. At ATH, that's over 50k.
RE: Hive Staking Rewards