RE: My unsolicited thoughts on the Hive powerdown period
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Yes, I agree that the current powerdown schedule is a problem for us here on Hive. I might be wrong but I think it was @theycallmedan who was floating the idea of a voluntary penalty to powerdown quicker. I think something like this makes sense.
An important factor is the security that comes from this long powerdown schedule, but to help combat this say for a voluntary quicker powerdown mechanism, would be to have a 'whitelist' transfer address that had to be enforced or approved well in advance (again, not my idea!).
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Yes, for sure, the security issue is a definitely concern. I have never been hacked, but I know several people who have been saved by the extended power down period. That is also why I think the larger penalties for huge power downs should be implemented. A one week power down could be a 60 to 80% penalty. I know that seem harsh, but if an account held that until it was verified then at least the hacked person could get back a portion of their stake. If they are verified to be legit, then it gets burned. or something. Lots of room for tweaking by people smarter than me!
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