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RE: How viable is Steem as a currency as the Steem network must constantly create tokens to reward bloggers and enable votes (causing lots of inflation)?

in #promo-steem5 years ago

Maybe have an opt in for instant power down? That would have to take some time, to make sure that it wasn't a hacker doing it. Then people can still have protection if they want it, or go with instant access for a burn fee. I see lots of people being put off by the 13 week power down. It would be good to remove another barrier for serious investors.

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Something like that might be okay but I'm sure there are many details that would need to be worked out to reach consensus on it, not to mention coding.

I agree with you that the 13 weeks is a serious barrier to investors, and that's why I am generally supportive of the 4 week change, as something that can be done now, without complicated development, to at least reduce that serious barrier, if not remove it entirely. 4 weeks is more within the range of other popular blockchains (e.g. Tezos has 3 weeks I believe, and you have to wait the entire 3 weeks before you get any of it back), while 13 weeks really is not.