You are viewing a single comment's thread from:
RE: STEEM governance: An open future question?
An interesting concept to have stake on an exchange. What would you suggest the power down period be for that should it happen? Matched to what it is currently on steemit at 13 weeks?
It could be something similar to these "miners" that are on steem engine where you get a roi for holding and staking on an exchange.
To be honest, I'm not sure exactly the technical ins and outs of it but the changes we're going through are at least a step in the right direction with the latest HF... Baby steps of course 😁
Posted using Partiko Android
The exchanges already have a "stake" on STEEM if they already have wallets here. So, they can reliably freeze some of it to allow themselves to vote themselves to the major witness positions. It is what they already do on EOS. However, STEEM is protected in part but the long 13 week powerdown, so they are vulnerable against large calls against their balance if it is locked up...
At the moment, quite a few exchanges are gaming around with the POS protocols... it is interesting for people don't know how to capture inflation for themselves, but a little worrying when it starts impacting upon the governance of a chain.