Dear @bitrocker2020
I'm personally afraid of consequences of this change.
There isn't many benefits that I could see. However there are some great risks.
One of it is the fact, that all users currently powering down - and many of them are slowly moving away from steem - would get most of that liquid steem within short period of time. That would end up with tons of it being rapidly dumped on the market. Selling pressure would increase - and noone knows really how bad could it be and how much of a short term panic could it cause.
Remember the time when it was 54 weeks and they changed it to 13 weeks .. the concerns were similar however we saw more apps being created regardless the power down period
Circumstances are different now. Those were 'golden times' for steem - now many struggle with lack of trust about future of this blockchain.
Is it smart to do it when trust towards STEEM is so low? Before HIVEs and SMTs? When price is almost at it's lowest? I don't think so - anyway that's just my little opinion.
Yours, Piotr
Well, the economic situation would indeed be challenged if you are only looking from that point of view. However the value of Steem blockchain should be valued by the activities of the community and the development that is currently happening on it. So by releasing the lock of stake earlier may possibly pressed down the price of Steem in value , however on the upside, you may see larger trade volumes on Steem and that may actually push the price upwards.
The question should be " Why you should buy Steem" as opposed to the opposite. Cheers ... your opinions are valued
It's me again @bitrocker2020
I've just realized that I never actually thanked you for your comment. Big thx.
ps.
I would need to ask you for little favour. Recently I've decided to join small contest called "Community of the week" and I desribed our project.hope hive/community. Would you mind helping me out and RESTEEM this post - just to get some extra exposure? Your valuable comment would be also appreciated.
Link to my post: on steemit or on steempeak
Thanks :)
Yours, Piotr
has this decision been made? it will be 4 weeks?
its an open discussion at this point of time
Hi again @recording-box
Can I ask you for little favour? I joined contest called "Community of the week" with project I manage and I would be grateful if you could RESTEEM it and help me get some exposure and drop some encouraging comment :)
Link to my post: on steemit or on steempeak
Thanks :)
Yours, Piotr