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RE: Binance Issues an Apology to the Steem Community & Exposes a DPoS Vulnerability | Steemleo Show #21
A welcomed step in the right direction, but I still don't feel very well.
I used Binance, but I never really trusted or particularly liked them, but at least they sorta listen when they have little choice else but to damage their reputation. I wamt to believe this is good. But I am also not naive.
It's something and that's better than nothing, but it still isn't much.
I wish we would see some concrete protocols put into place (i.e. decline_voting_rights) for both Steemit, Inc. accounts AND binance/exchange accounts.
It's wrong that you can use funds that don't belong to you to vote on consensus. That goes for both exchange-held funds and Steemit, Inc. funds as the ladder is tied down with a multitude of promises that it wouldn't be used for DPoS voting nor for personal gain.
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I do feel like their announcement holds us hostage. I guess it serves as a warning and accountability, too.
However, at least now we can expect it. I wonder if a powerup period would help? Maybe that's too complicated.
Easiest option to satisfy the most people would be to reduce the power down period to 4 weeks (plenty of time to recover a stolen account) for reward pool voting and inflation earning to keep the shorter term investors happy (we could never please the day traders), but require a 26-week power down if any proposals or witnesses were voted on (make it longer so they think twice about sabotaging our sinister plans again).
Yes, I've seen that extended powerdown time for those specific actions that have to do with governance/proposals. It's an interesting idea but would definitely cloud the waters even further for users who don't fully understand/have the time to learn every nitty gritty detail of this chain.
Once this war is over, I think we (the whole community) need to have continual discussions in discord AND (and this is the important part) take extensive notes and create concrete proposals. Follow-up on that with voting on the proposals and continual discussions about improvements and then put them into the SPS for actual development when we strike a good compromise.
Posted via Steemleo
Solutions do need to avoid making things more confusing for average users.
I agree sincere discussions are always the best way to move forward and develop. I think developing an official version of dpoll for sps may help, too.