Now I personally prefer 13 weeks, but I had a friend propose a company for outside investors who do not have the time to do things themselves and would want a custodian to take care of their Steem and either put them to good use or lock them up for interest.
After going through a lot of his points and why Steem would be the perfect blockchain for that, the only issue that we landed on in the end as to propose crypto investments/interests to outsiders who may not know how they work exactly or why. That was the power down timer.
To be able to offer a customer one of the biggest returns from their stake on our platform, you'd have to delegate the stake either to a bid bot or similar. Since there have been so many scams like Bitconnect lately seeming too good to be true and ending with actually not being true, the speed of how fast customers can pull out their investment if they so choose is limited. 5 days to get back your undelegation and then 13 weeks to power 100% down, since they don't know better it may seem like red flags to them.
So what are the disadvantages to a shorter power down? Instead of 13 weeks it would be 7 days similar to the time you need to fill in your account recovery if you've gotten hacked.
Savings is 3 days which already is quite sufficient and hasn't proved to be a problem to anyone, meaning they've probably gotten their password reset in time through account recovery for the hacker to steal them before the 3 days are over, but that's just a guess.
Anyway, with a 1 week powerdown someone could offer these services with that included and there would not be a lot of backlash and questions from investors if they can pull out whenever they want within max 12 days (undelegation+powerdown).
Thoughts?
