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

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Viewing a response to: @tombstone/re-thecryptodrive-q0h35d

steemdao · @thecryptodrive · Nov 5 '19

@tombstone thanks for your feedback.

I have just added PD notifs to the Ginabot notification service roadmap for you.

I think 4 weeks is perfectly balanced and no need to go lower, if we are worried about exchanges voting we can add an exchange blacklist/oracle that prevents known exchange accounts from voting. 

I iike the incremental pd idea over 4 weeks, starting low and increasing but I'm going for the simplest method with least code for this HF which is just a parameter change from 13 to 4 weeks, we can go fancy on next HF if needed.

I can facilitate trezor support, will require proposal approval of 20K USD to list steem on shapeshift, then Exodus wallet can integrate and finally, trezor can support steem with a bit of development cost.

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@steem-ph · Nov 19 '19

@tombstone and @therealwolf both offered valid suggestions but you rejected all of them in favor of rushing a 4 week Powerdown in this hardfork.

If the issue is with SMTs, why not ask @steemit Inc. to add in a 4 week Power Down option for SMT's?

That might be better.

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@thecryptodrive · Nov 20 '19

$0.05

SMT's can't have less of a PD period that the reserve currency STEEM for reasons of not circumventing the parameters of the main token, it is also interesting that you brought that up because by reducing to 4 weeks that gives more options to SMT's down to 4 weeks, otherwise SMT's that use PoB have to have at least 13 weeks staking period and may deter some projects starting on Steem.

👍 steem-ph

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@steem-ph · Nov 20 '19

As far as I know, the reason of SMTs not being able to Power Down to less than 13 weeks has nothing to do with it "circumventing the base token" but everything to do with Steemit Inc. not yet creating that feature since they want SMTs to be released ASAP.

As far as I know, shorter timeframes will be possible with future SMT's, even if Steem's Power Down time remained 13 weeks.

**P.S.** I brought up the SMT issue since I read in one of your comments that it is one of the reasons why you are in favor of a 4 week Power Down for Steem 👍

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