RE: RE: HF Proposal: Vote to Reduce Power Down Period to 4 Weeks
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RE: HF Proposal: Vote to Reduce Power Down Period to 4 Weeks

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7y

I’m not in favour of multiple pools, as I mentioned above Steem is a different animal to EOS, we provide a simple normie friendly gateway to crypto, multiple pools with different staking cycles make the cognitive load immense, also as I said traditional shareholders of stocks don’t normally have a lockup period and still vote for the good of the company and don’t need to be imprisoned in their stakeholding to be invested.

The vesting shares name and period were most likely created due to this: https://en.wikipedia.org/wiki/Lock-up_period

And I completely disagree with you there. It's the UIs job to make it as easy as possible, while the underlying tech can have more complexity to it. And having different staking periods, with different ROIs is actually very easy to understand.

A long lockup period shows weakness imo, even 4 weeks shows that we are scared our coin will dump so we have this 4 week buffer in place, it is however better than 13 weeks.

No. It's just as bad. It's a different number, but the reasoning behind it is the same.

And again, you're forgetting the security aspect.