RE: Open Letter To Steem Community

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RE: Open Letter To Steem Community

klye in #steemit • 5 years ago

Only 17 of the top 20 witnesses need to run a new version for the chain to switch over to it.

The back-up witnesses such as myself do not really make much of a difference in what version we run.

This isn't about thwarting whales at all.. This isn't even about thwarting Justin Sun..

This is literally about keeping the STEEM blockchain from being shut down and rolled into the TRON blockchain.. As Justin Sun stated he was going to do initially. So unless you're down with STEEM being shut down, and being moved to TRON, and being charged transaction fees on all operations such as comments, posts, transfers, etc etc.. This is what had to be done. Does it suck? Fucking rights it does, but with Ned selling us out to someone who wanted to dissolve STEEM as we know it, this was basically the only way to ensure that it wouldn't happen.

ETH classic was to reverse a hack due to shitty coding, our fork is to save the blockchain itself.. Not sure how you can compare the two.

I understand where you're coming from with your statements, but you're looking at it from angles that weren't even considered when we rolled this out.

We're trying to protect STEEM, Not fuck people over. Temporarily forking out one persons access to ensure the rest of us still have STEEM to gather around is what we are doing here.. :/

5 years ago in #steemit by klye

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hone.heke 5 years ago

Hi, are you able to provide a link where he is saying

is literally about keeping the STEEM blockchain from being shut down and rolled into the TRON blockchain.. As Justin Sun stated he was going to do initially

I heard other things and dont mind challenging my own perspective.

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klye 5 years ago

It was in a twitter post that he's since deleted.

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novacadian 5 years ago

Only 17 of the top 20 witnesses need to run a new version for the chain to switch over to it.

My off the top of my head suggestion was to imply that 51% of all registered witnesses be required to institute a HF. That way not only the top 20 would have that decision and there would be too many witnesses for a whale to control like in the case of the present system. This was just an off the cuff suggestion of how we could look for a generic solution that would affect all accounts so as to not simply targeting one.

This is literally about keeping the STEEM blockchain from being shut down and rolled into the TRON blockchain.

If that would have been the lesson of DPoS then we should have learned from it and progress towards a REAL Hard Fork. Tell Mr. Sun that. Tell the community that and do it if he used his stake to influence witness voting.

The Computer Scientist in me would suggest the following start up for the new model...

Start a new chain with all current accounts starting at 500 SPs.
Bring back miners that STEEM originally accommodated.
Require 51% of all registered witnesses to agree to new HFs.

The loss of my Dolphin status would be excepted by me for this second kick at the can. But that's not going to happen. Too much vested interests and not a prevalence of scientific curiosity. So the best solution, in my opinion, would have been one that affected all users while hampering/thwarting/hoodwinking Mr. Sun as well.

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