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smooth
@smooth
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2016-03-25 13:36
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smooth
cryptocurrency
7y
RE: The Fundamental Underpinning of Blockchain Consensus
No. I support the soft fork, I'm voting for witnesses running it, unvoting witnesses who aren't, and I think it, at least, should have been done long ago. In fact I worked to get the community behind taking
$ 0.239
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2
smooth
cryptocurrency
7y
RE: The Fundamental Underpinning of Blockchain Consensus
Excellent question, and as another significant stakeholder (not as large as BT though), I'll give you my answer. I haven't felt very secure about the value of my stake for some time, even less so after
$ 4.971
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smooth
steemit
7y
RE: Tron and Steemit Join Forces
Yeah I heard about the golos power down thing. That has some merit, but kind of scary from a security point of view. It mean people leaving accounts idle are put at risk of having their coins swept if
smooth
cryptocurrency
7y
RE: The Fundamental Underpinning of Blockchain Consensus
Code is Law Well, code is law on a particular fork because, after all, the computer will always do exactly what the code says, no more and no less. But as you say you are free to leave it and join another
smooth
Hive Governance
7y
RE: Wolf Witness Statement: Steem Protective Soft Fork 222
Well said. You have been one of my favorite witnesses who is always willing to think things through and work for the best outcomes despite significant setbacks and very justified frustrations.
smooth
witness-category
7y
RE: Resigning as a witness
Worst for the community and platform, or, if not, then right up there. The shareholders (mostly Ned) made out fine (an understatement), so it is hard to say worst-run from that perspective.
smooth
witness-category
7y
RE: Resigning as a witness
It is the real reason. See some other comments here
smooth
witness-category
7y
RE: Resigning as a witness
I'm still here. My priority in resigning as a witness was being able to not be online for day or two, not have to be present for meetings, not be on call 24/7, etc. without being derelict. I know some
smooth
witness-update
7y
RE: My position on the soft fork - I am not running the changes on my witness node
This assumes NO support from any other stake, which is unlikely and unrealistic, especially after any degree of marketing, campaigning, offering incentives, etc. In reality, a dominant stake would still
smooth
witness-update
7y
RE: My position on the soft fork - I am not running the changes on my witness node
I understand this idea has been going around but people are very confused about its effectiveness. @timcliff pointed out one simple scenario how it would fail but there are many others (the details of
smooth
steemit
7y
RE: Tron and Steemit Join Forces
Thank you for the vote, though no longer needed as I have decided to step back from full time witnessing. (see @smooth.witness post)
smooth
steemit
7y
RE: Tron and Steemit Join Forces
Meh. If witness votes expire frequently then all large stakeholders will just automate renewing them. I know I would. I'd be in favor of dropping votes from fully-inactive account though. It is a reasonable
smooth
steemit
7y
RE: Tron and Steemit Join Forces
What do you mean by elections twice per year?
smooth
steemit
7y
RE: Tron and Steemit Join Forces
We will mostly have to agree to disagree. But one last time: and particularly the one stakeholder with ~1/3 of extant stake, because 30x over representation grants them inordinate power to influence the
smooth
steemit
7y
RE: Tron and Steemit Join Forces
Downvotes may have some merit, I haven't thought enough about it. On the surface I like downvotes as being somewhat less prone to vote buying, self-voting, etc. We see that clearly with vote payouts and
smooth
steemit
7y
RE: Tron and Steemit Join Forces
Honestly that is a silly argument. In any system of votes if you multiply everyone's votes by 2 or 10 or 1/2 or a million, everyone still has the same share of the votes. The multiplication does not do
smooth
steemit
7y
RE: Tron and Steemit Join Forces
Clearly the harm that can be caused by one witness is small, even negligible (a bit of chain instability, a potentially-harmful but generally-overruled vote on hard forks, etc.). But what about two witnesses?
smooth
steemit
7y
RE: Tron and Steemit Join Forces
Presently the witness voting system multiplies the advantage of substantial stakeholders 30x over lesser staked voters No it doesn't. Everyone has the same 30 votes, both big and small alike. Both stakes
smooth
steemit
7y
RE: Tron and Steemit Join Forces
Currently in order to vote in any witnesses small stake has to overcome the full weight of all stake voting for the 20+ witnesses acceptable to the majority stake, so something like >50%. If votes have
smooth
steemit
7y
RE: Tron and Steemit Join Forces
It doesn't literally do that. Given the numbers, if you assume (probably incorrectly) that a Tron/Steemit bloc would have no other support, then it probably couldn't vote in 17 witnesses, and certainly
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