I was thinking about what you wrote here, but i think owning around 10k steem is cool. Especially during bear market.
I like steem (regardless of ninjamined stake and broken economy- although EIP helped us reducing the negative aftermath)
I hope to see steem being inflated around 1% untill the end of this year. SMTs might be a good answer.
Time might help us to improve whats broken. At least i hope so haha
There's basically no chance it'll be down to 1% any time soon. I'm hoping for a correction down to 3%-5% but let's see. No one's talking about it just yet, the focus is on getting SMTs ready and other stuff like power down period.
Great post. I was one of the victims of emotional attachment to Steem and it cost me tens of thousands of dollars. Luckily I understand now, that was just a shit show while people in the shadows were making millions 🧐
We've all been there. I'm sharing my experience so others don't make the same mistakes.
What arw your thoughts on 4 weeks power down? :)
It's a good step in the right direction, but I'd like to see 3 day or 1 week power downs. That's the only way I'd consider powering up again.
3 day is theoretically impossible due to 7 days reward period right? Btw dont you think it wouls be better to have 1 month withdraw period - security wise
Yes, that's right, a change to 3 days will also need the reward period to be reduced. There used to be a dual reward period before, 12 hours or 24 hours and then a 30 day. Since almost no rewards were allocated after 24 hours or so, and it was too complex to keep two periods, it was shortened rather arbitrarily to 7 days as a middle-ground between the two. Since then it's become clear that even the 7th day no real rewards are added, apart from hiding abuse, so going back to a 3 day reward period would make sense. But if the 7 day reward period stays, then 1 week, that's why I offered both options in my comment above.
Oh i wasn't aware of dual reward period. I honestly dont mind 7 days time frame, however considering how volatile crypto is and given the fact that price has big influence on the rewards we might even consider reducing it. Cool, thanks for the time :D