Power down means that you get back the blurtpower as free BLURT in 13 equal parts, every week one part. So it takes 13 weeks to get out the 100 BLURT. After Hardfork 3 it will change to only four parts in four weeks.
RE: 2020-KW 51 ~ Kneipe 24/7 ~ Treffpunkt ~ Dauer-Kneipe ~ Ohne Zusammenhang / Without Any Context
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2020-KW 51 ~ Kneipe 24/7 ~ Treffpunkt ~ Dauer-Kneipe ~ Ohne Zusammenhang / Without Any Context
That is nice to hear @afrog...which means that blurt is following the footsteps of Steemit of reducing the Power down weeks , which I think will help those poor people in need.
Unfortunally it is not clear, when the HF0.3 will happen. The development stucks because of chaotic Graphene code. It should happened on 9th of November.
I never was a friend of the 4 weeks solution because a 13 week period is much more better for the stability of the exchange rate. BLURT should not be a tool for quick speculation and the coin's blockchain is also not quite good working as a donation machine for all the poor people of this world.
Please notice the hard core capitaistic principle of this blockchain that you earn more, as more money you invest in the platform. If you have no money to invest, Blurt makes no money, except you have to give an extraordinary good investment from your brain and a rich community that votes for the products of this brain.
All these aspects should lead to the conclusion, even a 4 weeks powerdown period doesn't help much the poor. The shorting is made for investors only, because they always grumbled a lot about the 13 weeks. On Steem in 2016 we had an powerdown period of 102 weeks!
Oh my God , really 102 weeks, I can´t believe it! My thought is , it might help those people to really try hard to make quality posts and if they do so, they will be rewarded more for their efforts. I thought is still the proof of brain or are we now under Proof of Stake? But the way I see it, more people are dumping Blurts in the market so that the value of Blurt is so volatile. The value is changing drastically daily, it´s going up and down so quickly.
This is what all the curators do (more or the less)
This is what all the whitnesses do and on all Steem based blockchains it is called DPoS, because it is a delegated proof of stake.
That dumping was to be expected and corresponds to Jacob's speech:
"Feed your enemies, then they will feed your friends."
When setting up the Blurt, the founders could also have decided to simply let the enemy accounts go empty-handed instead of taking over their stakes on the Blurt. The decision not to do that now ensures that friends of the Blurt can buy BLURT very cheaply. The stakes just change hands from enemy to friend and in the not distant future the enemies will have sold out their stakes. Then the BLURT will rise rapidly in value and it is to be expected that it will then far outperform all of its related currencies.
I came to my thought that the haters would overtake the blurt blockchain but that is not happening but rather they are dumping @afrog
I am contemplating about that and I do really want that the haters of Blurt just dump their stakes at a low price so that we can get them so cheaply.
Yes they are dumping since months and this is very good for Blurt lovers. At the Moment we are on phantastic 36 Satoshi. I predict, they will dump it more, thinking to ride a hard attack and scare all the blurt bloggers to cause a panic. Happy, happy! We just have to stay cool and buy all their coins.
A takeover will never happen. For this reason we have a government. Oh dear, the wasps of Hive are very, very angry but have no lever to destroy the Blurt. So nobody must be in any sorrow, We all can laugh about these useless destroyers. Today they are tigers without any teeth.