https://gitlab.com/blurt/blurt/-/issues/41
Upsides:
- Increased Liquidity
- Potentially greater appeal to investors
Downsides:
- Potentially increased volatility in the witness set
Please comment directly on the GitLab issue for maximum effect.
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Yes
Ok
I'm for a policy like that:
there are rules, powerdown is 13 weeks 1/13 x week and is free
BUT, you can pay a fee to reduce it, can be:
no wait for 100% --> 15% fee
1 week for 100% --> 12% fee
2 week for 100% --> 11% fee
3 week for 100% --> 10% fee
4 week for 100% --> 9% fee
5 week for 100% --> 8% fee
6 week for 100% --> 7% fee
7 week for 100% --> 6% fee
8 week for 100% --> 5% fee
9 week for 100% --> 4% fee
10 week for 100% --> 3% fee
11 week for 100% --> 2% fee
12 week for 100% --> 1% fee
... would be a huge security risk in my opinion ...
Then there should be added something like 2FA.
fee based powerdown options seems a great idea. the fee being burnt to null or distributed into the reward pool, what do u think?
Burn em
Fees will soon be burned.
Really good idea to set fees for reduction in powerdown times 👍
Less options and 5% max at 1 week would be cool
"It didn't hurt the steem price" - nor help it.
Yes, it does benefit witnesses, but it's not worth it just for them. Unless Steem price went up as a result (I mean by logarithmic factors) then it's not worth it.
Personally, I would rather be able to program it. Frequency between 1 and 28 days and number of portions up to from 4 up to 100.
Then I can set the daily disbursement scheme that I would prefer, while stretching it out to a touch over 3 months drawdown time.
Also, while wishes are being granted, can we also add that the disbursement can go to savings rather than the general liquid blurt account?
Well since it cost to do anything else on blurt, a 4 week power down sounds good. it seems there are a few comments that like the fees, so heck what is one more fee. lets make like a real government and tax the crap out of people just because we can. Oh and forget the graduated percentage of stake fee route, no reason why a 200,000 BP account should pay the same percentage fee/tax as a 200 BP account.
You have to love an oligarchical style government.
no free lunches imho. its mathematically not possible imho. there is a initial cost to any reward u wish receive. work (post, comment, witness), sow and sweat, then reap the fruits, invest then receive divs etc. fees may go to null, the rewards pool, witnesses or any combination of that. the great thing w blurt is that this is a pretty unique experiment we can learn from and may hopefully even be successful
No free lunches is indeed the basic motivation behind fees on blurt.
Nothing is free.