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RE: Thought Experiment: Centralized Exchange Offers Instant HP Powerdown

in LeoFinance2 months ago

From my personal point of view, I'd never trade the control of my account for a quicker powerdown: I get that this may be appealing for some - many? - but for me would be a big "NOPE".

Nontheless, I see how something like that could also lead to risks for the entire ecosystem and I'm not sure how it could be, eventually, addressed.

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Everyone who reads this post, and especially writes a comment on it, is going to share this sentiment. The problem is that the diehard users seem to not understand that most users aren't hiehard by definition and they'll just do whatever seems best in the short term. Most users are casual users across all platforms and games and whatever else.

That's true: most people follow the money, no matter what. If someone will ever offer an instant powerdown, people will go for it, even if it will mean losing control of their money and put the governance of the chain in the hands of someone else. The only solution I can see is hoping that most of the bigger stakers won't go for it, maybe because they care more about their money and the future of the chain, as they are more involved into it... yet, "hope" usually is not the best solution 😅