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

in #steemdaolast year

Dear @thecryptodrive

There was also a discussion about adding an instant power down by burning 5-10% of the stake

From user point of view that would be TRAGIC. Powering up means locking your resources for some period of time. Mostly for security reasons (at least that's point of view of a user).

After all even if 3rd party would find a way to sign in with my active or master key, then I don't have to worry that my funds will be completely removed from the account. I have 7 days to notice that power down started and I've 7 days to react.

If instant power down would be available, then my believe that funds on my steem account are safe would be forever gone.

Just like you said:

This has been found to be very dangerous, a hacked account could be instantly drained via this burn mechanism and therefor circumvents any lockup period safety benefits

Yours, Piotr


Correct, I am not endorsing an instant powerdown, I am merely proposing reducing the power down period from 13 to 4 weeks.