Viewing a response to: @geekgirl/qt849e
Excluding all other fees, an exit fee is still required if you want an instant power down for network security purposes. 4 weeks vs. 13 weeks is good for those that want a quicker free power down, but for investors that like to capture market volatility it does nothing for them. What I'm proposing is allowing investors the chance to enjoy market volatility all while benefiting long-term power holders. If we exclude the 5% fee for powering up, which I said I'm happy to do, this option does zero to discourage people from powering up compared to the current system. Because this is optional. So one could opt=out of this feature, and their hive life would not change at all except they would get more Hive rewards.
| author | theycallmedan |
|---|---|
| permlink | qt89c3 |
| category | hive |
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| created | 2021-05-17 01:26:27 |
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Ok, I understand it better now. The more options for users the better. Thanks.
| author | geekgirl |
|---|---|
| permlink | qt8lxt |
| category | hive |
| json_metadata | {"app":"hiveblog/0.1"} |
| created | 2021-05-17 05:58:42 |
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Hear me out, if you want to be a speculator, you should have coins on exchange ready to push that sell or buy button. If you are choosing to power up for 13 weeks you are telling everyone on Hive that “these coins are locked and cant be sold unless I start to power down.” If we can choose to pay whatever % to cash out at any moments notice to power down then we are stripping away one of the few things that makes Hive speculation interesting. At the same time those who lose their keys can now lose everything immediately because of this new function. I am sure the 5% entry fee will never get any significant support, and the 10% instant power down is not necessary because participants have the choice to not power up their whole bag if they want to speculate on the side. We need more buyers than sellers. We have perpetual nonstop selling coming from inflation and curation/author rewards. That’s what we are up against, we need perpetual buying pressure that exceeds inflation+ salaries for everyone.
| author | ssjsasha |
|---|---|
| permlink | qt8cge |
| category | hive |
| json_metadata | {"app":"hiveblog/0.1"} |
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