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smooth

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2016-03-25 13:36

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smooth

7y

RE: SMT Voting Mana Deep Dive

There really should be some sort of penalty. If you vote 100% and then I downvote because I think that is excessive, and then you reduce your vote to 50%, I've still used up my downvote mana. Similarly,

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smooth

7y

RE: Poll: Soft Consensus?

My view is that actual smart contracts are very useful and can play a role, often for bridge purposes in interacting with native functions of the chain such as access control, token movement, etc. Almost

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smooth

7y

RE: Poll: Soft Consensus?

Let me first start by saying that I'm a big fan of soft consensus and my preferred term for it is embedded consensus. I even think that a better approach to SMT than trying to build a lot of complicated

smooth

7y

RE: (Very) Basic stuff Steem needs to fix: my personal list

In practice that is basically up to Steemit at this point as no one else has any budget for it. Witnesses are struggling just to justify expenses and time including 24/7 on call (top 12 are now paid about

smooth

7y

RE: (Very) Basic stuff Steem needs to fix: my personal list

Nobody knows what is best. I'm not 100% convinced for eliminating or scaling back the reward pool but open to the idea. I'm mostly just making the bast case here I can for the idea as presented in this

smooth

7y

RE: Account Approvals Enter Thrive Mode

Vests dont play a role. The size of the RC resource pools was set by developers based on their assessment of hardware resources and likely hardware improvement trends over time. To change those assumptions

smooth

7y

RE: (Very) Basic stuff Steem needs to fix: my personal list

Pretty sure I answered this on the thread somewhere (but possibly another discussion) but I recap: Efficient blockchain with significant user base and innovative fee-free model. In-built social layer is

smooth

7y

RE: SteemDAO Funding

@null does not really benefit anyone I don't really have an opinion on whether paying to steem.dao or null is better but I would strongly disagree that paying @null doesn't benefit anyone. It benefits

smooth

7y

RE: 2019 STEEM silver round now on SALE

Are you able to get into steem.chat? I wasn't able to find my login info for the Steem-related discord I was on at one point. It's been a while.

smooth

7y

RE: (Very) Basic stuff Steem needs to fix: my personal list

Informally, there probably isn't a lot of support for one week but there may be sufficient support for making some reduction, maybe down to a month.

smooth

7y

RE: (Very) Basic stuff Steem needs to fix: my personal list

With the way content voting currently works, the shortest we could do would be one week. That is needed to prevent the exploit where you can vote, power down, then power up to another account and vote

smooth

7y

RE: (Very) Basic stuff Steem needs to fix: my personal list

Yes I would agree the original white paper overreached on that as well as countless other things.

smooth

7y

RE: (Very) Basic stuff Steem needs to fix: my personal list

I guess I just don't understand what you propose to use DAI for or how it would be used, but that's okay, we both know it isn't going to happen realistically.

smooth

7y

RE: (Very) Basic stuff Steem needs to fix: my personal list

The funny thing is if you look at the actual volatility it isn't that high (its about twice Bitcoin the last time I measured it). The problem is not 'volatility' it is that it is just heading down, likely

smooth

7y

RE: (Very) Basic stuff Steem needs to fix: my personal list

would like to see the new math work for awhile before we make any more changes. Agree

smooth

7y

RE: (Very) Basic stuff Steem needs to fix: my personal list

The DAI protocol does the supply control required to keep it stable It keeps the price stable, not the supply. The supply can ramp up very rapidly, even more rapidly than SBD.

smooth

7y

RE: (Very) Basic stuff Steem needs to fix: my personal list

You're basically saying here that you think STEEM is just inevitably going to decline in value and fail, largely because it isn't BTC or ETH, and you may be right, but that makes the whole discussion

smooth

7y

RE: (Very) Basic stuff Steem needs to fix: my personal list

Well, right now SBD comes from reward payouts, which is what automatically ramps up with the STEEM price, so if you got rid of STEEM reward payouts you could, and indeed would have to, completely change

smooth

7y

RE: (Very) Basic stuff Steem needs to fix: my personal list

If I execute a conversion, I'll get back $1 worth of STEEM, instead of $0.8 worth as the SBD price would suggest. So, I'd receive 1 STEEM for be SBD 1, instead of 0.8 STEEM, which is 25% extra No, it is

smooth

7y

RE: (Very) Basic stuff Steem needs to fix: my personal list

I think we should pay interest under some conditions but at the moment SBD is in "recovery mode" after the last STEEM dump off. Under these conditions we need the supply of SBD to drop, so we

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