RE: Proposed changes in the Calibrae fork
- I can see some difficulties with tracking the pre-mined VESTS, and removing them from recipient accounts, I can't quite imagine the algorithm yet, though I have some ideas. I guess in your view, these accounts are in receipt of stolen goods, and need to return them to the pool, but I'm not sure how this affects balances across the board. Also, having the pre-mined VESTS added to the initial rewards pool is an interesting idea, but if done, the distribution time-frame needs to be extended over around six months in my view, and so the out-flow carefully calibrated. Once you know the balance of these pre-mined VESTS, you'd have a better idea of what to do with them. Would excluding them altogether not be more prudent from the perspective of the SEC (if there's an issue there), or does this lead to some accounting problem I'm missing? I'd like to know the percentage of this pre-mine.
- Good change I think, but I don't really understand the purpose of SBD, there may be a reason I don't know.
- Great change.
- Great change.
- Not sure about this, it's a bit confusing. If the voting formula changes once elected, couldn't it cause unstable witness selection (disequilibrium), where elected witnesses would oscillate each time it is recalculated?
- Not sure about this. If you're meaning a comment based referendum, there would need to be some alterations to prevent such discussion from being distorted/dominated by the early responders. Also, who would run this, and how would even the wording be decided?
- Great change. Perhaps in the short-term, a ledger only mode for the steemd RPC nodes, as that is all the exchanges need.
- Complicated one, I'd need to think/read more about it. I don't even currently know how reputations are calculated.
I can see Steem Inc. doing (7) when forced to by the lack of willing RPC node participants, but currently @gtg thinks it can be probably be run with an Amazon EC2 i3.2xlarge 61GB RAM ($313/month). If true, the requirements don't seem to be huge as yet, though obviously this architecture won't scale to Facebook size! @netuoso who has just set up a new RPC node due to recent outages, says full RPC nodes are currently using 70GB+, but as we know this is growing fast. An Amazon EC2 i3.4xlarge has 122GB, costs $625/month, and would probably cope for a few more months I guess. In my mind, one issue is that there's no reward for handling RPC requests (like there is for making blocks). It would probably require too much overhead to do so though.
I am currently on the fence about your fork, but depending on how Steemit handles ongoing structural problems and communication in the next couple of months, and if they don't implement (3), (4) and (7), it could gain traction I think.
If there is a genuine threat from regulators, then I can see how (1) might help, and how it would be popular, and rejuvenate the platform. I just can't quite bring myself, to conclude that the pre-mining was morally wrong though, even though the regulators and many people may disagree.