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RE: HF Proposal: Vote to Reduce Power Down Period to 4 Weeks

in #steemdao4 years ago

There was also a discussion about adding an instant power down by burning 5-10% of the stake

Nice idea to burn more steem!

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We decided that was a bad idea for account security, if your account gets hacked, hacker can burn to get all funds out.

Add another layer of security then. This should most definitely be a feature. Catering to those very few irresponsible to the detriment of the whole platform is extremely foolish.
And they are very very few.

@guiltyparties deals with lots of hack incidents and it is more rife than I thought. Extra layer of security would have to be 2FA or hardware wallet but that is not very easy to implement, especially integrating with a hardware wallet.