You are viewing a single comment's thread from:

RE: Power Down Time

in #powerdown4 years ago

So the rich get richer and the poorer get poorer with tax.

The poor don’t have to get poorer if they hold for longer, in fact they get rich.

Taxing people decreases the incentive for people to spend money on improvements to make their blogs and vblogs better and more relevant.

I don’t see it like that, people will do what they want to do, it might only take longer, what might take anyone to accumulate and spend in 2weeks will probably take 4weeks or 5, which is 4-5weeks of time to even grow more.

Exchanges will not want to power up peoples funds at will, what happens when a user needs their funds, if they will go the route of powering down at a whim then they will be the ones paying 10% fees for the instant PD,.....if my tokens are in an exchange and for some reason as slimy as they powered up my funds so I can’t access, best believe I’m never going to that exchange again when my funds are out, and I’m never going to stop talking about it. Binance did, and got away with it, there was no fees to pay. However if the gains they make by powering up users funds outdoes the fees they incur to power down then the system is flawed.

I doubt the rewards they will share to traders will be minute compared to the rewards traders will make from trading themselves......especially after paying 10% fees to power down