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RE: 📌 Let's Learn from John McAfee: Allow the transfer of Steem Power ownership

in #steemit8 years ago

Disagree. The illiquidity of SP is the thing that protects the steemit model from dumping by whales. The reason the steem market cap is high enough to bring real money to these posts. SP should stay account locked. Liquidity should continue to come from SMD conversions and paced powering down. The system is well designed. Don't break it.

It's good that it's hard to buy too much SP.

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Indeed.

But I'm advocating that they allow Vest title transfers. E.g. satire own 100 Vests, transfer to @ryan-singer for 0.1 BTC or whatever

This would prevent dumping. And make SP more liquid.

It would be abused by whales buying their own SP into accounts with 100% voting power. But you knew that already.

In that case, liquidation could take as long as it would take for voting power to regenerate from a particular %, to discourage it.

That would do nothing to stop them from abusing the new voting power

I can't reply to @matrixdweller ... but it would be trivial to make it so that voting power is weighted based on current voting power of either account and steem power.

This would eliminate the abuse that you readily point out.

take one account upvote 5 accounts send SP to new account with 100% voting power repeat all day Steemit ded

Not if you put a 12-hour waiting period on it. Like with SBD.

@complexring good point I can't see why not then. Would you have to Pay BTC or would that be optional. Would I be able to get my vests from my whale crushed account @jillstein2016 ? There are reasons to support this idea.