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RE: Proposed hardfork change to stabilize Hive Dollar’s tracking of USD value

in Hive Improvement4 years ago

You seem to be proposing an alternate staking period. Possibly useful, but seems a bit of diminishing returns. I mean 13 weeks isn't THAT long (6.5 weeks average). There was probably a better case for this when power up was two years. At this point let's say we had an alternate shorter staking of 1 or 2 weeks. Is that really enough value add relative to 6.5 weeks?

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What I was thinking (in my limited head on these things) was more along the lines of a holding pool, that could have contracts placed upon it for a portion of the tokens, so they would be able to be used for staking purposes, whilst still being held behind owner keys in some way. kind of like an escrow?

I have no idea if this is useful or even possible.

I was also wondering if it could be used to stabilize HBD directly in some way using its value. But I can't get my head around that one.

Or, what if the savings wallet was used as a pseudo-stake wallet, that had voting capabilities with a three day powerdown, but it couldn't vote on governance and a portion of what it earned was burned?

It's perfectly reasonable but I'm still wondering whether the value add is enough to be making that kind of change. I'm just not sure that people need dial-a-staking-period to this degree. The 13 weeks (6.5 avg) isn't that bad unless you are completely a drive-by.

The 13 weeks isn't that bad unless you are completely a drive-by.

You'd think. But I am one of the fools that is powering up :)

The problem is that it is important to have compelling reasons to buy and hopefully stake Hive, in an environment where the 15%ish on curation isn't competitive. There are heaps of positives to being staked on Hive, but as you know, many people still act on maximization of wealth, regardless of whether they enjoy it or not.

The problem is that it is important to have compelling reasons to buy and hopefully stake Hive, in an environment where the 15%ish on curation isn't competitive

I don't see a big change there from a modestly shorter staking period.

The saving wallet has a three day unstaking period, which is quite a lot shorter, and could allow for that stake to be active without governing. I think it would need more than that to be attractive, but having it on chain and available, gives the potential to further build usecase for it.