Quote from: iamnotback on November 19, 2016, 06:39:28 PM

Quote from: https://steemit.com/steem/@steemitblog/final-review-of-steem-economic-changes#@anonymint/re-smooth-re-stealthtrader-re-dantheman-re-steemitblog-final-review-of-steem-economic-changes-20161119t182850529z

...except I would not have dropped the 104 weeks to 13 weeks because it could create enormous selling pressure collapsing the price...

Note the likely reason for needing to drop the 104 weeks to 13 for power down, is because otherwise the existing SP holders have no way to lower the debasement rate of SP holders quickly by powering down. This is a dilemma.

tl;dr is stand on the sidelines and wait to scoop up very cheap STEEM after the dust settles.

As I have told @smooth in private and I will try to tell @ned and @dan today by linking to this post, they should make the changes to lower the inflation rate to 9.5% for speculators (and all), but they should not lower the power down cycle from 104 weeks to 13 weeks because it is going to crater the price.

The least they can do after the sneaky stealth "premine" is to not allow themselves (whales) to extract more than 1% a week from it. But opening the floodgates to 8% per week, they are raping their own system and burning it to the ground.

Someone please talk some sense into them!

Quote from: https://steemit.com/steem/@steemitblog/final-review-of-steem-economic-changes#@anonymint/re-steemitblog-final-review-of-steem-economic-changes-20161121t004643902z

@dan, @ned I strongly urge you to do the change for the inflation but to not lower the power down from 104 to 13 weeks. Otherwise I think you will have a blood bath on your hands. Okay you whales want to dump and then buy back cheap. Thanks for not protecting the value of my STEEM POWER!