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RE: If you could write a letter to HIVE owners on exchanges, what would you say?

in #hivesalesletter3 years ago

Hi. I had lots of Hive on exchanges until recently. As you can see I powered up to set an example.
It is probably not wise to power up from a risk reward perspective, but I think it is important that we power up if we are going to persuade others to do the same (congruence etc.). I think we should focus on reducing the power-down time significantly. I think the long time, given the volatility and the Nature of the crypto markets, scare people from powering up.

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Shorter power down time would be nice. I think it would make sense if instead of a fixed number, one could power up stake to a custom number, and receive interest based on the duration one is willing to stake.

Many might choose a shorter staking period, have the advantages of voting in governance, participating in PoB, and improving the security of their tokens, but give up some/most of the passive staking rewards in return for more flexibility.

Edit: what else than setting an example made you consider and then decide to power up?