What are the reasons for a 13 weeks power down period?


What do you think would happen if the powerdown period would be 1 week instead of 13 weeks?

Do you think more investors would actually buy steem and power it up? To me the answer is a clear yes!

I am using Steemit on and off since 2016 and really ask myself why people in charge still want to use a 13 week power down window?


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Image: needpix.com

Steem market-cap dropped hard from a top 10 spot down to currently 75, I think it is clear that the reason for that is that no new large investors are coming in. This is actually also shown in the very low trading volume for Steem.

So, can anybody give me a good reason why the powerdown period is good as it currnently is?


Comments 7


I think 1 month would be perfect in order for an investor for evaluating the investment done. 13 weeks is really a stopper on a super volatile crypto market...so much risk.

Posted using Partiko iOS

31.07.2019 11:41
2

Yes, 4 weeks would be a huge improvement. I would power up massively if a change would come to power down 4 weeks.

Posted using Partiko iOS

31.07.2019 12:46
0

One reason to keep powerdowns as long as possible is to eliminate the temptation for exchanges to power up deposits.

31.07.2019 15:06
2

I agree that this is a valid risk but having more trading volume and investors buying steem outweigh that risk multiple times in my view.

The current power down period is simply too long and I don’t see the price go up if it stays as is.

Posted using Partiko iOS

01.08.2019 11:27
0

well what ever may be the reason that time when steemit came alive now it's time to change this for more investors to freely invest

01.08.2019 08:56
1

Yes I agree, maybe 13 weeks worked for people a year ago but it clearly doesn’t seem to work for people anymore. It is not just my opinion but proven in market cap and trading volume for steem.

Posted using Partiko iOS

01.08.2019 11:30
0