Just some random November thoughts...

in steem •  last year 

Changing the 13 weeks Powerdown period to 4 weeks


To be honest, I am not sure, if that would really have any positive effect on Steem. Are we, based on fear, changing well thought logics in a rush because of the current bear market? I will continue to think about it for a while and vote for the proposal when I am completely sure that it would really be a good change for us.

Of course, 4 weeks would be the absolute minimum. Anything else is just insane in my opinion. I can't believe that there are even a few stakeholders with more than 100k SP really considering a one week period. Did they lose their mind or do they just want to leave us as fast a possible? We are more than just a shitcoin, damn we are Steem and we have security in mind!

Steem is still the greatest, my number one and I believe in its big future. It has not failed, even if more people seem to really think that in these days. Having to see witnesses in the top ranks who define Steem as kind of failed/dead is way more negative for external investors than the 13 weeks powerdown period, I think.

Sometimes it is just the perspective on things that changes everything. Look at what we all together have accomplished here. As soon as some big gaming companies will grasp, how well Steem would fit into their products, we all will laugh about those old days of prices below $10.

Any parallels?


Take a look at the prices of gold and bitcoin. I won't call names, but exactly since the time when a few major exchanges entered the game, there is hardly any movement to the upside anymore and, if it happens, then it is being 'corrected' in a matter of a few days, so that the world can keep staring at the endless, boring line. They are playing with our minds, friends.

They are now accepting cryptos in their big companies to be able to drop each earned coin exactly as planned on the market in order to make us 'hodl an endless line' and to create false market beliefs. Same as they 'integrated' some made men into Steem to be able to drop as many coins as possible on external markets. Some of them are just here to manipulate peoples thoughts (same thing as on yt and other networks). We all have felt this for a long time, but I tell you, they lost and I think we can look back to the moon soon (from the perspective of having the moon thousands of miles behind us, of course :)

Bidbots are kind of dead, so more coins now go to people who are here for the idea of Steem and the communities, not just for the quick bucks. If you still believe that onboarding 'the masses of quick-buck-sellers' will change the Steem world for the better, please think again about the price that needs to be paid with millions of daily quick-bloggers on here. Millions of cents won't bring us millions of dollars. In my opinion, in the end the big millions will come from the gaming industry. Even with their own SMTs, the RCs to keep the network running need to be provided by staking STEEM and this is just brilliant.

Fun fact of the month


I told my family to invest ~ 10k € in STEEM when it was at $1 and they now think I'm crazy because of the current, mildly spoken, huge discount. Big intentions to sit next to their christmas tree with a 9x loss in my pocket? I am not so sure...

Investment advice


Please sell your house immediately for STEEM before the rocket will start. A way bigger house is waiting for you.
Thank me later.

Know undervalued authors?


You know an author/creator (no daily shit blog) who does not get enough votes on his/her posts? Show me and I will try to change that.

Before I forget:
@CZ please push the button man, it's getting cold outside.
Thanks.


Calm down, get out of your head, trust in your creation and Steem on ;)

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Lieber @steemchiller,
heute Nachmittag hatte ich geschaut. Da warst du noch knapp im SPS drin.
Gerade eben habe ich erneut geschaut und gesehen, dass du leider nicht mehr drin bist.
Du wurdest von einem neuen, zweiten Return Proposal überholt.
“HF Proposal: Vote to Reduce Power Down Period to 4 Weeks”
Ist das denn regelkonform, dass der Autor ein zweites Return Proposal hier reinstellt?
Ist das Absicht gegen dich?
Zu dem Zweck seiner Meinungsfindung hätte der Autor auch einen anderen Weg wählen können.
Es fließt jetzt durch sein Return Proposal 1 SBD pro Tag.
Und es sperrt dich für 119 Tage aus dem SPS aus.
Ich gebe dir jetzt einen unaufgeforderten Ratschlag.
Ich finde, du solltest dich jetzt erst einmal um deine Finanzierung kümmern.
Die SteemWorld läuft, wir nutzen sie, und ich vermute, es wird keinen Blackout geben, wenn du einmal einen Tag lang nicht daran arbeitest.
Dann könntest du den Autor wegen der Auswirkungen auf dich bitten, sein Proposal zurück zu ziehen und einen anderen Weg für seine Meinungsfindung zu wählen.
Wenn das gegen dich gerichtet sein sollte, hat das natürlich keinen Sinn.
Dann könntest du in der geöffneten Liste der Voter dieses Return Proposals den oberen, SP-starken Teil auf einmal markieren, kopieren und in eine Excel-Tabelle einfügen.
Ich habe das gerade einmal getestet. Das funktioniert.
Dann könntest du genauso mit der Liste der Voter, die für dich gestimmt haben, verfahren.
Wenn du schon dabei bist, könntest du das auch mit der Liste der Voter für das erste Return Proposal machen.
Danach könntest du in der Tabelle nach Übereinstimmungen suchen.
Ich finde, die Leute, die für dich und die Return Proposals gestimmt haben, könntest du ohne Hemmungen z.B. per Kommentar anschreiben und auf die Auswirkungen hinweisen.
Die anderen Voter für die Return Proposals (mit Ausnahme derer, von denen zu weißt, dass sie dir die Finanzierung nicht gönnen) könntest du in einem Post von dir per Mention anpingen und darauf aufmerksam machen, welche Auswirkungen ihre Stimme hat, und dass die Return Proposals viel zu hoch sind.
Die meisten Voter haben sich diese Gedanken nicht gemacht. Ich habe das schon am Sonntag so feststellen können, dass einige ja sofort reagiert haben, weil sie die Auswirkungen gar nicht kannten.
Also, bitte nimm dir erst mal frei von der SteemWorld und geh‘ das mit dem SPS an. Es ist doch selbst für nicht Betroffene kaum zu ertragen, wie das nun läuft.
Ich wünsche dir besten und sehr schnellen Erfolg!
Liebe Grüße, @double-u

  ·  last year Reveal Comment
  ·  last year (edited)

Ich dachte, wenn du nicht mehr in den grünen Zeilen bist, bist du raus.
Und über dir ist doch ein weiteres Return Proposal.
Und über den orangefarbenen Zeilen steht "INSUFFICIENT VOTES".

Proposal.JPG

  ·  last year (edited)Reveal Comment

... Es kann natürlich mehrere Return-Proposals geben, aber die scheinen da fest das erste zu nehmen und alle weiteren fest als 'unsufficient' zu kennzeichnen.

Das verstehe ich jetzt nicht.

Es steht doch über den orangefarbenen Zeilen "INSUFFICIENT VOTES".

Es steht doch über den orangefarbenen Zeilen "INSUFFICIENT VOTES".

Ja, weil vermutlich, sobald ein 'Return-Proposal' angezeigt wurde, alle weiteren Zeilen gar nicht mehr geprüft werden. Es wird also fest davon ausgegangen, dass es keine weiteren 'bezahlbaren' Proposals mehr danach gibt.

Die verwendete Logik in deinem Screenshot sieht etwa so aus:

  1. Sortiere Proposals nach erreichter Gesamt-SP
  2. Baue Zeile für Zeile die Liste zusammen
  3. Sobald ein Proposal mit Empfänger 'steem.dao' ausgegeben wird, behandele alle weiteren als 'nicht bezahlbar'

Wichtig zu wissen ist, dass es kein Kennzeichen für ein 'Return-Proposal' gibt. Die Blockchain prüft nur, ob für die nächste Zeile noch genügend im Gesamt-Pott zur Verfügung steht.

PS:
Lass uns mal eine Pause mit den Votes für unsere Kommentare machen, sonst haben wir bald keine Power mehr für andere Leute. Sowieso hatte ich schon mal überlegt, ob wir uns da ein paar Regeln überlegen.

So etwas wie:

  • maximal 2 x 100% pro Tag und sonst 25%

oder pro Vote 25% abziehen:

  • 100% -> 75% -> 50% -> 25%

LG, Chiller

Guten Morgen, lieber @steemchiller!

Ok, dann machen wir das so, wie du es vorgeschlagen hast maximal 2 x 100% pro Tag und sonst 25%.

Auf meinen Ratschlag "1 Tag frei und um Abstand zum Return Proposal kümmern" bist du nicht eingegangen.
Ich hoffe aber trotzdem, dass du es machen wirst.

Gutes Gelingen!

Liebe Grüße, @double-u

  ·  last year Reveal Comment

Aha, ok, wenn das Geld fließt ...

Ich habe mich sehr aufgeregt heute Abend.

Ich finde, du solltest trotzdem mal frei machen und dich um mehr Abstand zu dem Return Proposal bemühen, so wie ich es am Anfang geschrieben hatte.

Lieben Gruß

  ·  last year (edited)

Hi @steemchiller,

seit wann bist du aus dem SPS rausgerutscht?

Ich bemühe mich jetzt gleich darum, dass das Return Proposal reduziert wird, so dass du wieder reinrutschst.

Bitte gib mir in Zukunft sofort Bescheid, falls du aus dem SPS fällst.

LG, @double-u

Hi @double-u,

seit heute Morgen erhalte ich keine Zahlungen mehr. Nicht zu wissen warum derjenige seine (mehr als eine Million SP große) Stimme rausgenommen hat, macht mich sehr nachdenklich. Auch ist mir ein Rätsel, warum so viele Leute für das Return-Proposal stimmen, wo es doch die Weiterentwicklung diverser Projekte aufhält und wir für die meisten Projekte mehr als genug täglich zur Verfügung hätten.

Ich habe ~ 3 Stunden vorher eine Auszahlung in BTC vorgenommen, da ich schließlich auch Rechnungen zu bezahlen habe. An sich wollte ich jetzt wieder ein paar Wochen lang alles aufpowern, was reinkommt, so wie ich das auch die letzten Wochen gemacht habe.

Ich weiß, dass es aktuell nichts (sichtbar) Neues auf SteemWorld zu sehen gibt, aber das liegt nur daran, dass ich den neuesten Stand aktuell nicht hochladen kann, da ich zuerst einen großen Umbau (Umstieg auf eigene Komponenten anstatt von JQuery) abschließen muss, damit man SteemWorld bald auch auf dem Handy und auf Tablets richtig nutzen kann.

Ich sitze hier zurzeit mehr als 12 Stunden dran pro Tag. Das trifft mich echt im Herzen gerade. So ein Gefühl, wie ich es gerade erlebe, wünsche ich niemandem, sage ich dir.

Ich bemühe mich jetzt gleich darum, dass das Return Proposal reduziert wird, so dass du wieder reinrutschst. Bitte gib mir in Zukunft sofort Bescheid, falls du aus dem SPS fällst.

Ok, werde ich machen und vielen Dank für deine Hilfe ;)

LG, Chiller

Hi @steemchiller,

da bin ich noch mal. Musste erst noch was nachschauen.

Mich würde ja mal interessieren, wer die mehr als eine Million SP große Stimme abgezogen hat. Vielleicht kannst du das ohne @ nennen.

... Auch ist mir ein Rätsel, warum so viele Leute für das Return-Proposal stimmen, ...

Da bin ich der gleichen Meinung wie du. Ich finde dieses hohe Ausmaß übertrieben.

Aber du kennst doch einige der großen Abstimmer für das Return Proposal recht gut, und sie sind dir doch auch wohlgesonnen, besser gesagt, sie gönnen dir das SPS. Kannst du diese Leute nicht aufmerksam darauf machen, dass du nun so knapp vor dem Return Proposal stehst? Damit sie ihre Stimme dort entfernen?

Also, 1.482.568 SP sind nun erst mal dort abgezogen.

Erhältst du eigentlich die Zahlungen, die jetzt ausgefallen sind, hinten angehängt?
Oder verkürzt das deinen 365 Tage-Zeitraum?

LG, @double-u

Danke dir!

Mich würde ja mal interessieren, wer die mehr als eine Million SP große Stimme abgezogen hat.

Ich werde dir das mal im Chat mitteilen, wenn ich wieder dort online bin in den nächsten Tagen.

Kannst du diese Leute nicht aufmerksam darauf machen, dass du nun so knapp vor dem Return Proposal stehst?

Ja, das wäre dann mein nächster Schritt, aber eigentlich wollte ich erstmal hier weitermachen. Sowieso denke ich, sollte nicht ich mir über das negative Bild der unterstützen SPS-Proposals Gedanken machen müssen, sondern mindestens die Leute, die das ganze ins Leben gerufen haben.

Wenn, so wie es jetzt der Fall ist, nur ein Ex-Steemit-Mitarbeiter und einer von BT's 'Stars' ständig (und in meinen Augen viel zu gut) bezahlt wird und alle anderen nichts vom Kuchen, der für uns alle da ist, abbekommt, erzeugt das ein Bild, welches wir eigentlich nicht mehr auf Steem haben sollten. Immerhin haben wir alle 10% unserer Vote-Stärke genau dafür mit der letzten HF hergegeben.

Externe Investoren könnten sich dann z.B. fragen, ob die Firma, die in der Vergangenheit sowieso schon einen viel zu großen Einfluss hier gehabt hat, jetzt ihre eigenen Mitarbeiter einfach darüber bezahlt. Ich hatte gehofft, dass sich etwas ändern würde, aber bisher sieht es nicht wirklich danach aus, dass sich überhaupt jemand Gedanken darüber macht, wie das auf externe Investoren wirkt. Dass ein einzelner Account mit 5 Millionen SP alle anderen mit Leichtigkeit überstimmen kann, lässt den Steem nicht gerade im besten Lichte scheinen, denke ich.

Erhältst du eigentlich die Zahlungen, die jetzt ausgefallen sind, hinten angehängt? Oder verkürzt das deinen 365 Tage-Zeitraum?

Ich erhalte die Zahlungen nur, solange ich aktiv über dem Return-Proposal stehe. Verpasste Zahlungen bekommt man später nicht zurück. Es ist ein sehr merkwürdiges Gefühl, wenn man durch den Knopfdruck einer einzigen Person aufeinmal von einen auf den anderen Tag nichts mehr verdient. Als Witness würde man noch teilweise bezahlt werden, aber hier gilt nur alles oder nichts.

LG, Chiller

Hi @steemchiller,

du müsstest jetzt wieder drin sein ;-)

Bitte entschuldige, wenn ich gleich noch einen Kommentar schreiben werde, aber ich wollte dir das schnell sagen.

  ·  last year Reveal Comment

Hi @steemchiller!

MIST!

Darf ich deinen Kommentar in einer Gruppe von 8 Leuten zitieren?

  ·  last year Reveal Comment
  ·  last year (edited)

Nach dem, was jetzt schon an Resonanz in der Kneipe abläuft, könnte es sein, dass du schnell wieder drin bist ;-)

Edit:
@steemchiller

Es hat geklappt! Du bist wieder drin! ;-)

Du hast jetzt 100.000 Abstand nach unten zum Return Proposal ;-)

Any steem price predictions? Will we ever get back over $5?

Will we ever get back over $5?

Yes. It all begins with focusing on less drama and more on good things. Trusting in the beauty of our creations is the key. People should finally understand how much their attention changes the outcome. It's all energy. What we focus on becomes powerful, no matter what it is.

Back in the days we all were way more focused on the way to the upside than on the downsides. Today it might feel like those were just crazy times, but in reality they were true times and Steem's capabilities weren't even as evolved as they are today.

Maybe 0.05$ only. Do you believe in SMT miracle?

Depends on the final product, if it speaks for itself then funds need to flood into marketing so we have our own little ICO run

Don't see $1.00 let alone $5 being propped up. Nothing here is pushing it ever higher without overwhelming mass adoption and fluidity.

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How do you explain our 2018 highs?

All FOMO

Posted using Partiko Android

Hey @steemchiller I love using Steem world but I just realized I can’t get the page to load on brave browser on the most recent brave version and iOS version. Is this something you are aware of? Just wanted to bring to your attention. Thanks in advance man! 😎🙏🏼🚀

  ·  last year (edited)Reveal Comment

Hey there and thanks for getting back to me so fast! I tried disabling the shield and it is still stuck on the loading screen. Here is a screenshot. Let me know if I can help test further via discord or zoom or something!

89AD98CE-CDA8-4349-A883-567493DCDB80.png

  ·  last year Reveal Comment

Thanks so much man!

Sorry, currently no time to further investigate the issue. Maybe you can use something like a Developer Console in your browser to see and send me the error message. I will come back to this as soon as I find time ;)

No problem man I understand you’re a busy guy (:

Luckily I can still use it just fine in Safari browser.

It would be cool if @roelandp could add SteemWorld.org to the list of dapps in the SteemWallet app also.

I don't vote for it either, I think this would be a fatal mistake.

Based on what?

It protects me from myself.

Following me always vote for you

  ·  last year (edited)

Very encouraging thoughts and statements!
Yes, I think it is possible for steem rising again, perhaps not to the moon in one single step, but 0.5 to 1 USD is likely until the end of 2020.

I'm strictly against the shortening of the power down period to 4 weeks. Steem needs long term investors, not "day traders".

A better idea is (in my opinion) setting two rules for new accounts:

  • no power down during the first year without power up at least 10k steem
  • 100% SP payout during the first year

The second one is to build a long term relationship to our community

Have a nice day. You in person are one of the best assets of steem - and one of the major reasons why I believe in steem.

Thanks for your kind words!

I'm strictly against the shortening of the power down period to 4 weeks. Steem needs long term investors, not "day traders".

I fully agree.

Yes, I think it is possible for steem rising again, perhaps not to the moon in one single step, but 0.5 to 1 USD is likely until the end of 2020.

Luckily I don't believe that and I am way more optimistic :) One huge player alone could change the whole space with ease, so the odds are not very good to bet on a fixed price for the end of next year. Anything can happen, but it all starts with our intentions.

Let's just say, we don't know, but anything is possible ;)

Okay so then you do that... and now all the accounts over a year old now have some kind of monetary value. So people start making a bunch of accounts today with the intention that they will sell them in a year. I already have 20 accounts over a year old. Your 'solution' just creates a really ridiculous black market.

I really don't see why there aren't more than one fork at the same time. If there's an alternative to HF22, why not do it as a community? Well, I know, this is cheap talk, since I don't operate a witness node (yet). However, that's why I'm asking!

It's normally better for the community to unite under a single consensus algorithm. Forks create split communities that can't get stuff done as quickly. Strength in numbers and all that; Network effect.

With SMTs coming out soon™ we'll have the opportunity to change the rules however we want and see if they take root.

Your suggestions theoretically could improve the price of the Steem, but many people leave even in a few months after the registration, so they will not be active for one year. At least not nowadays, because nowadays the user retention of the Steem blockchain is very bad. This may change in the future.

I prefer the 13 weeks as it is. It takes a little while for big money to move around and if they are looking to do some shady stuff they have to deal with the opportunity cost of the 13 week power down once they get discovered and flagged.

It also just provides some nice security and gives people time to discover and resolve any issues.

I do think gaming is going to be an easy place for a lot of opportunity and growth. Gods Unchained raised $15 million on ETH from pack sales. Now they are going have to deal with the cost of gas and other issues for using that blockchain. While many wish Gods Unchained was on Steem we are just not at that point yet to see that kind of money being spent on a single product in the same time frame.

Hopefully one day we will be smashing records with how much gaming companies are able to raise for release products on Steem. They can further power up some of it and use that to reward content and other stuff as you mentioned. They could even hire out people already here to help them build it since it’s a digital good.

Whatever decision will be taken to affect the power down period, its implications need to be thoroughly considered. We are not in the first year of Steem anymore to experiment without much thought about consequences, and SMTs are almost here. Community keeps saying focus should be on more adoption, and that will probably be the case. More mainstream people going in, a (more) responsible platform we need, especially regarding funds. Security for mainstream users is paramount.

On the other hand, if a new (big) investor looks at crypto as a whole and sees many top coins fully liquid and some not as liquid, but considers the whole crypto (which is not so big) as an asset class, the investor will choose the liquid investment in most cases, since he/she already takes a risk by investing in crypto. Just trying to get into their heads here.

I haven't made my mind about the proposal either yet, not that my vote will shift the balance either way.

Great (positive) post!

Thanks for your thoughts!

On the other hand, if a new (big) investor looks at crypto as a whole and sees many top coins fully liquid and some not as liquid, but considers the whole crypto (which is not so big) as an asset class, the investor will choose the liquid investment in most cases, since he/she already takes a risk by investing in crypto.

If it's a smart investor, he will know that Steem is way more than just a simple liquid coin and that he can earn quite well simply by staking, delegating to great curation projects or by starting his own services. There are many features we have in here, which need to be way better communicated to the 'outer world'.

Steem offers so many nice possibilities that it can't be ignored for much longer anymore. I think that reducing Steem's inflation (by adding more automated burns or moving at least the post reward pool into separate SMTs) will have a major impact on getting the attention of really huge investors.

I think that reducing Steem's inflation (by adding more automated burns or moving at least the post reward pool into separate SMTs) will have a major impact on getting the attention of really huge investors.

That is what I'm hoping for as well. Maybe not huge investors, big would be enough, if we think at the whole world and investors out there. :)

Some savvy investors get a large stake in undervalued projects, if they consider they show great potential for the future, even if the stake is not liquid at first. But we need to outgrow much more our inflation rate to draw their attention.

I do not recommend selling your house for Steem. Unless you’re crazy of course.

Why? You don’t think steem will pump?

It could. But there is no way of knowing it will happen. It has the potential to both pump or dump even lower.

Having read many of the arguments on both sides, I would say 6 weeks should be the absolute floor to place some buffer on account recovery. The way people sling around their keys and give out privileges, it would take one rogue app developer to put a lot of regret on the quick power down folks. The only way I would consider a quick powerdown scenario is if we had hardware wallet support and people never needed to see their actual keys.

  ·  last year (edited)Reveal Comment

STEEM is my third largest holding, and the only one not protected using hardware or 2FA. Talk to me again after you have immediate power down ability that some people want and get hit with a 0-day attack. There are some vulnerabilities you can't escape from based on your level of responsibility. Combine that with the fact the intent is to achieve mass adoption, that means continuing to lower the sophistication of users.

There's also a difference between investing in a coin, trading a coin, or staking a coin. I stake decred and the ticket maturation period can take up to 142 days for example, meaning your 120+ decred is inaccessible for that time. When I decide to stake it, I make the trade-off.

I would argue that ANY lockup period for a potential trader or short term investor would be unacceptable, so whatever time frame you make it that isn't instantaneous, is a solution looking for a problem. So what is the problem you solve by making it 1,4, or even 6 weeks?

  ·  last year Reveal Comment

I'm not sure how you could actually build 2FA into the blockchain itself or if you'd really even want to try. It's more of a middleware problem.

I would be more for ledger integration with steem middleware, where I could pull my owner key into my ledger wallet and then integrate that with steem keychain or steemconnect. EOS already has the ability to manage multiple keys via the ledger. Hell, the new ledger even uses encrypted bluetooth which you could use to support phone apps like eSteem.

  ·  last year (edited)

Seems like the low hanging fruit would be to just add your savings balance to your steem power as is, but don't count it for witness or proposal voting. It's not like many people use savings anyhow. The bucket is already there, and already has a 3-day withdrawal period. You satisfy both sides of the argument with a solution such as this.

You have used the Hashtag #[CC] and can now reward 556.0 comments under your post with one CC.

More information about the Commentcoin-Project can be found on this account.
Thanks for using it.

Happy comments.
Your CC-Team:
@kristall97 ([Code-Designer])
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Please sell your house immediately for STEEM before the rocket will start.

Please don't do that 😀😀😀😀.

Just sell your idea, works, art and writing on Steem Blockchain platform. It is more valuable and attract more user here....😀😀😀

Naaah.... This just my silly comment. 😀

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Why would you think 1 week power down is insane? It is insane to make investors lock up their funds for 3 months.

Why would I turn my bitcoin to steem and lock up for 3 months? Have done that. Never again.

If there is one week power down I may reconsider.

Why would I turn my bitcoin to steem and lock up for 3 months?

For security reasons. To be honest, I prefer to keep it in my Steem wallet more than anywhere else, because I know that then it can't be hacked/stolen, because it is technically impossible (through Steem's inbuild account recovery features).

Why would you think 1 week power down is insane?

How should account recovery work with a 1 week powerdown period, when the whole recovery process is based on a 4 weeks period? Just disable all security on Steem to be able to receive bucks quickly?

Big investors don't make short term decisions. Most of them are in for years and they don't care much about market price fluctuations in between.

  ·  last year (edited)

The whole idea of cryptocurrency is transfer of power and responsibility to people. If I want full security I may keep my assets in the bank.

If the concern is security we can give a choice for the user/investor to enable/disable lock up time.

Volatility in crypto space is not same as in traditional markets. I would prefer choice of lock up and responsibility of security decided by the user.

Moreover, there can be security measures implemented to avoid theft. You are a developer. I am sure you have some ideas.

Security is not an excuse for 3 months lock up. That is a very long time in crypto space.

p.s. Yes investment is long term. But when investors want to get out, they shouldn’t be forced to wait 3 months.

If I want full security I may keep my assets in the bank.

This gave me a good laugh, thanks... ^^

Changing the powerdown period won't automatically make us do the right decisions in future. According to the following chart (daily candles), we had plenty of time (more than 3 months) to catch a good price last time and even a few months after that it came back into the $5 area.

It is not insane to have a 3 month lock-up. The Hedge Fund market was valued at 3.53 trillion USD as of November of 2018 (which is an order of magnitud above the whole crypto sphere). Hedge funds usually have a lock-up period between one and three months. Real investors don't mind it only short term speculators do.

The real question is what type of "investor" do you want to target.

You're not forced to power-up the Steem, so the comparison to Bitcoin is like comparing apples with oranges. You can hodl Steem in your wallet, same as Bitcoin. Which is why we need a dynamic range of stake-duration with increasing incentives. Those who want, can stake it for multiple months or even years and be rewarded with some incentive in form of APR, while you can have the luxury of unstacking it within a shorter period of time, but with less APR.

I would be ok with that if your shorter time is about a week. The more options for the user the better. Everybody can decide for themselves.

There is no point of buying steem and holding as liquid as it is a toxic asset and diluted by inflation. Only reason to buy Steem would be to participate in the economy which will force you to lock it up.

Nothing wrong to compare steem with bitcoin as both compete to be preferred method of digital payment, transfer of value, and decentralized financial instrument.

However, I wasn’t comparing. Most people to buy steem will need to buy bitcoin first, then buy steem. Once a person has bitcoin, why should one buy steem instead of hodling bitcoin? That is the question that needs to be answered to attract any responsible investors.

I still don’t understand the objection against lower power down time. There is no evidence that 3 month lock up time benefited Steem.

I would connect rewards for long staking periods to curation algorithm. Your every vote gives you always a minimum 50% return, no matter what time you have voted on post. That would award real curators who are reading posts/watching videos before they cast a vote

  ·  last year (edited)

You're not forced to power-up the Steem, so the comparison to Bitcoin is like comparing apples with oranges. You can hodl Steem in your wallet, same as Bitcoin

If you don't power up, you incur the full brunt of 8.5% inflation, which is going to be a non-starter for most investors/holders.

That's not the case with Bitcoin (current inflation rate is about 3% and set to drop in half soon), nor with most other newer tokens and coins which have moved away from high inflation models. The few that haven't (Zcash being one well-known example) have been poorly received.

luxury of unstacking it within a shorter period of time, but with less APR

Realistically that means incurring more inflation and won't be attractive. There is no free lunch; any rewards paid to one group (such as people who lock up longer) has a flip side of higher inflation for another group (people who don't), and if the inflation is too high becomes and deterrent to invest.

One way to make the option of holding liquid Steem more attractive ("like Bitcoin") as you suggest would be to greatly reduce inflation (including both rewards paid to content and rewards paid to those who do lock up). Obviously both of those reductions are going to be unpopular with someone, but that doesn't mean they could never happen either.

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@therealwolf "You're not forced to power-up the Steem" we are in fact forced to power up when claiming rewards. Even if you pick the 50/50 option , a portion will always go to steempower, which when claimed is powered up and locked up for 13 months.

Oh no! You're getting free money, which is locked for 13 months? Boy oh boy, how unfair is that?

@therealwolf wow, why so confrontational ? I was simply correcting your incorrect statement that we are "not forced to power up". We are in fact forced by default by the claiming rewards function, but I am not at all complaining. Please take a deep breath and calmly understand I am not attacking you or complaining about it. Just stating the facts. Also, it is not "FREE Money". You must pay for a device to post with, pay for the electricity to power that device, pay for an internet connection if you can't find free wifi and also spend your time to post and interact and as they say "time is money". But thank you for at least replying. Also, I wrote a post about stolen keys floating around this blockchain if you care to read my blog and find a solution for it. Have a wonderful day buddy. I'm send you some positive energy, I can tell you are passionate about this blockchain.

My statement wasn't incorrect as I was referring to potential Steem investments that you bought in liquid form. You're not forced to buy those as Steempower (vesting shares), rather you usually buy it in liquid form. It's a free choice to power it up. Now I do see the problem where in order to participate on Steem, you have the 13 weeks powerdown period. But I don't think it makes sense to go the quick-and-dirty road and reduce it simply, without giving people an option to decide how long they want to stake STEEM.

Earning Steem however via the reward pool should have an even longer power-down-period IMO.

Last but not least, good post you wrote.

ok, thank you for clarification and thank you for reading my post (I gave 100% rewards away so I am not trying to make anything on it, just get some attention to someone like you so you know that it is happening).

  ·  last year Reveal Comment

Absolutely correct.

I guess this is almost a no-go, but I think I am one of these undervalued people you are writing about ;)

Wow... what a relief to read something positive for a change!
Thanks man and... I know you are not !DERANGED 😉😂👍

nice ideas there

@steemchiller,
Wow you bought STEEM at $1 and now it worth $0.15. Anyway HODL it might worth more in 2020!
!trdovoter

Cheers~

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VOIN DD Dividende in !trdo und sobald wieder lieferbar auch in !BEER

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"Having to see witnesses in the top ranks who define Steem as kind of failed/dead is way more negative for external investors than the 13 weeks powerdown period, I think."
Negative, but true and honest. And I prefer that over any kind of lie and bullshit. Okay, I am not a witness, especially not in the top ranks in any way. I am just/only a minnow, but I clearly see what is going on (and what is not) on the Steem blockchain.

"Look at what we all together have accomplished here."
More than 1.3 million Steem accounts, and the rapidly decreasing (dropping/falling) number of the daily active Steem accounts. Nowadays only about 30 000 Steem accounts active daily. This number was around 40 000 and 50 000 a few months ago. And even more before.
Many people are focusing only on their own blog posts, but only a few cares about other people's blog posts, this leads to a lack a real, human interaction, and to thousands of disappointed users. Nowadays I have 1008 followers, but most of them are inactive nowadays. They left Steemit (and the Steem blockchain) long (months) ago.
This is quite equal to a failed/dead project in my opinion.

"Please sell your house immediately for STEEM before the rocket will start. A way bigger house is waiting for you.
Thank me later."

Hahaha! :D
I currently do not have a house, but even if I currently would have one, I still would not sell it for Steem (or for any other thing). If I would have a house, then I would be satisfied/pleased/contended. I would happily live in it. I do not need a big house. And I do not want to be homeless either.

What you do for Steem is very good, but honesty (being honest) is also important in my opinion. I stil upvoted this blog post, and I call !trdo to support you for your works and efforts.

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@tipu curate
@giphy curate 100


A huge hug from @amico! 🤗

#sbi-skip !trdo

Upvoted 👌


Powered by witness untersatz!
Current VP: 68.61%

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When will somebody finally fix those annoying spelling and grammar mistakes in your message, which is visible all over the blockchain?

To someone with good English knowledge:

Please help 'em. Thanks!

We should really help each other more, guys ;)

When do you have time to read bot comments? :)

I don't know why, but this one 'ist mir jedesmal ein Dorn im Auge'... (germanized)

Genau so geht's mir auch. Ist ein Grund wieso ich die Token so schnell wie möglich verscherbel - so was kommt mir nicht ins Wallet!

Mute 'em!

@steemchiller please remove the option to type and enter your active key directly into steemworld and only give the option to use steemconnect / keychain. I recently posted about stolen keys being used to vote posts. The less websites that allow users to type their keys unsafely into websites the safer our community will be. If you are interested in what I wrote just check out my account and please help us come up with a solution for this issue as well. Thank you.

The 13 weeks is a fine standard to hold on to. Since it allows a person time to take back some $STEEM to trade for $BAT.

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I think steem and steemit is best social media and blogging website in 1 to 2 years. because Google blogger is undervalued and only people's using wordpress for blogging. but wordpress need domain and hosting it take minimum investment. but steemit is not need domain and hosting. good content earn passive income. No monetization need easily earn in steemit so once people realise this platform will steem go to the moon

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deranged You just received DERANGED @steemchiller Keep up the great work, view all your tokens at steem-engine.com

Du hast ein Upvote von unserem Kuration – Support Account erhalten.

Dieser wird nicht von einem Bot erteilt. Wir lesen die Beiträge. (#deutsch) und dann entscheidet der Kurator eigenverantwortlich ob und in welcher Stärke gevotet wird. Unser Upvote zieht ein Curation Trail von vielen Followern hinter sich her!!!

Wir, die Mitglieder des German Steem Bootcamps möchten "DIE DEUTSCHE COMMUNITY" stärken und laden Dich ein Mitglied zu werden.

Discord Server an https://discord.gg/Uee9wDB

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Upvoted 👌 (Mana: 5/15)

Du wurdest als Member von @investinthefutur gevotet!

Very good job guys friend

Damn! It is the best post I read about STEEM lately.
Blinds are those who don't want to see what's happening here

  ·  last year (edited)

It looks like it is meant for old whales who want to cash out during the next bull run. Four weeks is enough to do that. That's a normal wish.



Hey @steemchiller, here is a little bit of BEER for you. Enjoy it!

There has been quite a few requests to reduce the 13 week power down time and I think, it will be implemented sooner. Apart from that, I don't see anything negative in steem and a strong believer that, it will definitely get the attention, once SMTs are out.

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This post will get an upvote of our new curator account!

Dieser Beitrag erhält ein Upvote unseres neuen Kuratoren-Accounts!

!invest_vote

You know an author/creator (no daily shit blog) who does not get enough votes on his/her posts? Show me and I will try to change that

I do. Check @zuerich and see if his posts deserve more. I think they do.