It takes 13 weeks to power down Hive, but what if we were given the option of instantly converting our full asset value into cash and making away with it. I don't like to daydream but I assure you am going somewhere with this.
A lot of us have experienced phenomenal growth on the Hive chain over the last couple of years. From starting at practically nothing for many, some of us counted assets valued at thousands of dollars and counting during the ATHs of December 2022. Even now we still have some crazy valuations in spite of the dip and it is certainly noteworthy.
The 13 week power down period was very much a subject of discussion during the early days of Hive, but these days nearly everyone has come to accept it. Some people even see it as necessary because of its usefulness in tackling spending temptations, and acting as an extra security layer for the average Hive user.
If you had all your Hive stored as liquids and your account is hacked for instance then that is at least the end of such assets, assuming the account can be recovered. If it were subject to the 13 week window then it will likely be remedied before any major damage can occur to such a users account. There is also one big advantage of having this power down window in my opinion.
A Chance to Build
A lag in the conversion of Hive assets to spendable liquids enable us to avoid the pressure of falling for the temptation trap. The temptation trap occurs when an immediate need forces us to look into money that was originally set aside for other purposes in the future.
With the default option set at fending off the trap, many more are likely to take the bait due to solely that reason. When you consider the timeframe it takes to have access to your funds, it would warrant looking for other immediate options and simply not considering the Hive assets as an emergency option, which in turn enables us to stack and save.
I reckon without the lag a lot of people will simply fall to the spur of the moment and spend on that immediate need. The problem is that such emergencies never fully go away, but we'd have lost the capacity to save and compound.
The beauty of Hive is in its accumulation, either by purchase or earning. We are under valued now and could potentially become really big in the future. There's absolutely no reason to short sell ourselves,nor is there any particular rush
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