13 weeks is just too much time. almost an eternity in crypto.
Even 4 weeks is too much. Look at Hive. It spiked 30% today. One could make huge profits and even grow their HIVE stake a lot if they wanted to reinvest in HIVE, as long as they have had their tokens liquid instead of being powered up to gain more influence. But we do like influence, right?
I see no reason why we can't enjoy both. I would eliminate HIVE Power, completely. We sacrifice much more in the name of "safety"
That's just gambling. You're assuming the price of Hive is going to drop.
Again, gamblers lose 90% of the time, so that would be a disservice to the community.
There is no intrinsic safety provided here. We could just as easily removed forced time-locks and implement opt-in timelocks for those who want extra protection.
I don't like these time-locks because they "add value" or "security" to the network. I like them because they promote responsible money management in addition to commitment to the network.
That's not gambling...it's crypto. Whatever spikes suddenly it usually cool off a while later. And it did. Only took a few hours
I suspect it would have been just as truthful to say, "of course it's gambling. All investment is gambling. But you're not my dad so why should you get to say whether my choices of what to do with my money are good or not?"
The implicit assumption made that the price of Hive will never drop is far more dangerous, in the long term, and letting individuals decide whether they want to take the risk, hedge their bets, or pull out of the market. That's a level of paternalism I suspect that both of us are uncomfortable with.
Oh look at that Hive just spiked up to 60 cents... your theory already fell flat on its face. :D
You got dem bear market goggles on, friend.
Not 100% sold on this post, but must say you called the HIVE bottom well. In November I was sobbing that I was down 99%, and there didn't seem to be any end to it, and you were right to say we were near the bottom. HIVE is up 5x from there. It can go another 10x or 20x from here before end of the year imo.
Really because now it's back down at 50. All I am saying is that we could take advantage of these price swings even with our entire stake...
20% up...then 10% down then 30% up ...then 20% down...
You could have doubled your stake in one day if you sold the tops or near the tops and bought back in near the previous bottom
I very much like that idea but there should be a cooldown on it before it become eligible for upvote or else people would move in and out just to farm the reward pool. Whales could totally ruin the HIVE distribution without any penalty. Imagine Justin Sun buying a couple million HIVE, upvote himself or his buddies and then move out and dump the HIVE on the market, potentially at a gain because others followed the green candles and pushed the price a bit higher than JS paid for it.
That used to be the argument from the DTube founder, that HIVE should be always liquid. This is why the he made the DTUBE token 100% liquid but loading up power over time, without any cap on the voting power. It just loads up forever until you use it. Not sure if I like that idea for HIVE though, it would be an entirely different process than we have now. But something to think about in that regard.
Posted Using LeoFinance Beta
LEO also works the same way...just saying
No, it doesn't. LEO pays out liquid rewards, instead of powering up half of them. But you still need to power up LEO in order to get access to the LEO inflation distribution. However, the power down period is already drastically reduced compared to HIVE, with four weeks instead of thirteen. If we eliminate Hive Power (or LEO Power) completely, there would be no powering up anymore and all tokens would be 100% liquid all the time. The question is, how would we handle inflation distribution that way without opening the doors to massive abuse?