Power Down Duration
This is my own opinion and you have yours. These are just my thoughts about this power-down duration. I don't know the governance reasons why it became 13 weeks. Even so, I'd like to share what I thought of it. If so, I will not be on one side only. I will be talking about the negative and positive effects. I don't want to choose a side because the majority's decision is important. I will have no issues with it since I always follow as long as I'm allowed to do what I want.
Negative Effect
I read someone's post about the longer duration of power down. I don't disagree because I found it beneficial to hive users. He mentioned, what if the hive pumps up. We can't sell it right away because of the long duration of power down. We are investing hive because we truly believe in this token's potential. Most of us are investing in hive because of that one reason and that will make us rich.
When we thought of investing our money. Of course, we're waiting for a higher value. How can we have that opportunity if the price pumps up when the liquidity won't happen immediately? He was correct and I couldn't agree more. We're waiting for a higher value and when it's the time. We can't do it right away because our hive is locked. We need 13 weeks before it can fully liquify. It's our money and this decentralization so our actions should be responsible for it.
Positive Effect
When a certain someone mentioned as well about the safety of money to every user. It made me think as well because it happened to me long ago. When someone got my active keys. He immediately withdrew my hive and transferred it to him. He powered it down and sent it to his account. It was a clever move and ignorance would be penniless. Imagine if I didn't ask a lot of experts on hive. For sure all the hive resources would turn to zero.
If we are talking about the reputation of hive as well. Having longer power down is a nice decision as well. Users will not easily get their hive and sell it. As you can see if a smaller amount will be in the coinmarketcap records. There will be a possibility that the value will get lower and lower. We are all aware that only a few people are holding the token. The demand will get less and less because only a few people are holding the token. Expect that the value of hive in the market will change rapidly.
Thoughts
The longer power down is indeed a burden. However, we can't just sell it right away because there will be no future to hive token for sure. If people keep on selling and selling, it will be like dumping the tokens. We all know what will happen when it comes to this.
Even so, we should respect each and everyone's decision about this matter. If they don't love hive, it's their choice. If they will regret it later, it's their choice. That's not an issue for me because what I'm worried about is the safety of our money. We can't just let it power down easily or else our money will fade like dust in the wind. It can't be protected if there will be no longer duration of power down.
Even so, I respect everyone's decision. They can do it the way it pleases them. It's just that other users need to be considered as well. We are talking about the generality here and not just one individual. I hope we all understand each other and always choose the decision for the users.
Thank you for reading
d' dreamboy, @mrnightmare89
Posted Using LeoFinance Beta
