You are viewing a single comment's thread from:

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

in #steemdao4 years ago

@tombstone and @therealwolf both offered valid suggestions but you rejected all of them in favor of rushing a 4 week Powerdown in this hardfork.

If the issue is with SMTs, why not ask @steemit Inc. to add in a 4 week Power Down option for SMT's?

That might be better.

Sort:  

SMT's can't have less of a PD period that the reserve currency STEEM for reasons of not circumventing the parameters of the main token, it is also interesting that you brought that up because by reducing to 4 weeks that gives more options to SMT's down to 4 weeks, otherwise SMT's that use PoB have to have at least 13 weeks staking period and may deter some projects starting on Steem.

As far as I know, the reason of SMTs not being able to Power Down to less than 13 weeks has nothing to do with it "circumventing the base token" but everything to do with Steemit Inc. not yet creating that feature since they want SMTs to be released ASAP.

As far as I know, shorter timeframes will be possible with future SMT's, even if Steem's Power Down time remained 13 weeks.

P.S. I brought up the SMT issue since I read in one of your comments that it is one of the reasons why you are in favor of a 4 week Power Down for Steem 👍