Raising fundamental questions of decentralization

in OCD6 years ago

It is going to take some time for the dust to settle on this last fork, albeit a softfork. This may very well be a defining moment of the history of the Steem blockchain, However, I believe that the community may come through it stronger than before as it raises a lot of fundamental questions about not only the operation of Steem, but of the value proposition of blockchain in general.

I think that at least one commonly held illusion has been addressed in last night's fork, and that is the one of censorship. Many people have mistakenly believed that Steem is censorship proof, when it has never been, it has been censorship resistant. The witnesses proved that last night by effectively targeting the stake of a single account, the ex-Steemit Inc stake, that now belongs to Justin Sun of Tron.

chain_70.png

When it comes to the Steem community, I have a pretty good sense of things, however the complexity of the governance is something that is hard to read, as is their outcomes of decisions made. When it comes to getting a sense of what is going on in this area, I tend to lean on those whose opinion I respect and last night I asked a question that got answered by two of these people:

Do you personally feel more secure in Steem and the value of your stake with the latest code change?

 

I do. The huge Steemit stake was long ago promised to support onboarding and development of the Steem blockchain and I think only this promise allowed the blockchain to get established, given the huge percentage obtained by Steemit initially. source
@blocktrades

I haven't felt very secure about the value of my stake for some time, even less so after the sale of Steemit, but this code change gives me at least some reason for cautious optimism. We'll see how it plays out. source
@smooth

There was more answered by each which you can find under the source link. However and as I said on my own replies, these are two people who I have found to be consistent in their views and generally approach everything that has happened on Steem with an even-handed approach. Not only that, both of them hold significant stake still but do not seem to need to rely on it, and both of them are among the few original Steem miners back at the inception of the blockchain in 2016. I think this gives them a perspective worth listening to.

Again, these are only the opinions of two people and they make it quite clear that it is their opinion and should be treated as such, but it is definitely worth having a read of the entire post and thread.

In my opinion, while there is the sense that we are all experts on all things since we have the internet at our disposal, the fact is we are not and often, we seek out information to support our world view, not the reality. I am personally still agnostic on whether this is a positive or negative for Steem in the short or long term, but as I think I have said, the softfork is somewhat of a neutral territory that freezes the state of the mined stake until more information is known.

Is it censorship? No, Justin Sun can speak freely on all the matters, but it does create an awkward position for everyone concerned, and that is all of us. Yet, spending time thinking about what it actually means to be a participant in a decentralized ecosystem requires exploring just what that is.

Like it or not, the vast majority of us on this blockchain and in the world have very little experience in matters of this kind of government and are learning by doing. On top of this, we are also carrying a lot of baggage from our individual experience that we might over-weigh and feel that it is relevant, even if it is not.

Near all of us have been raised under some level of centralized authority and have proxied much of our decision making to others who we hope are more qualified than us and have our best interests at heart. We do a similar thing here on Steem with a core difference, this is an opt-in ecosystem, none of us were born into it and none of us carry the blockchain "code of conduct" naturally.

However, we are human. We get used to things being a certain way even if it is an illusion, and then feel fear and anger when our ways are challenged. Censorship resistance is still in place, censorship proof never was. I believe that it is much better to address this early on in the development of Steem than later when it affects many more today. This is the same view I have with exploring the economics and social dynamics.

I urge anyone who actually cares about the philosophy behind Steem to at least read some of the posts moving around and take an objective view, rather than picking a side with what is comfortable. On the same thread,

I admit, my first response on hearing this was a negative one toward the witnesses that must be supporting it but in the light of the comments on this thread particularly,I have changed my mind. source
@meesterboom

This is being open to the influence of others and listening rather than talking. I am not saying that the positions are correct, but at least they are considered and measured. And, there are also two points I will extract more from the comments section.

Also, as a purely philosophical matter, making promises then not keeping them, just ticks me off. source
@blocktrades

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 one. source
@smooth

The first quote shows the human side of the philosophical argument, people have standards and some will stick to them even if there will be a cost. The second speaks to the law of the code and highlights that this like much of life is an opt-in community.

If you believe being here goes against your personal philosophy, you are welcome to opt-out, just as those who believe that Steem adds value to their personal experience, have opted in.

The one thing that we should all carry with us from our experiences is, no matter what kind it was, the laws of humans always change as they are all imperfect. I value my participation here as it gives me a role in directing the change, hopefully towards a better future with less suffering for all. No matter how anyone looks at anything goes on here, ultimately, the final responsibility of decisions is up to us as individuals.

While this latest change in code might cause some to opt-out, it could also be a turning point for more to opt-in.

These views are my own.

Taraz
[ a Steem original ]

Onboarding

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Being the first social media on a blockchain, being the first (to my knowledge) sold, not just folding up/closing down, it is going to take time for ideas to come to fruition.

Blockchain being a new concept, our Witnesses along with new arrivals hopefully discuss implementation before doing anything untoward (6th March), optimistic this transition runs more smoothly, than jumping the gun in supposition.

Most unusual business, makes for unusual measures to create harmony, this is most definitely one of these cases and will be interesting how it will be resolved.

Corporate world you are a number, blockchain you are a link, break the link... just thinking aloud

Most unusual business, makes for unusual measures to create harmony, this is most definitely one of these cases and will be interesting how it will be resolved.

This is a very salient point, none of this is "business as usual".

It is going to be interesting how this plays out publicly and privately.

!ENGAGE 30

Most definitely interesting to watch development, let us hope for the best. One does get tired of sinking ships....

Captains go down with theirs, it is the rats who escape :)



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Good afternoon :)

Thanks for 'encouraging' bt and smooth to give their openhanded views - posts can come across quite official and a bit company line.

I think this is the right move, but only time will tell I guess.

And I also wish the soft-fork was put in place when ned still had the keys.

And I also wish the soft-fork was put in place when ned still had the keys.

Yes, it should have been done back then, but I think there was still the idea he would do the right thing.

We don't like you any more, but we trust you. And then he sells and the new guy is tarred with sorta the same brush. Oh well, we continue :)

Yes, but going on what happened last week at Tron, perhaps it was a good call to be proactive this time. Well, it is what it is and the fallout will continue til it doesn't.

Perhaps, is about as sure as one can be :)

I read slowwalker is not in favour at all, but seemingly has no clue about anything other than stake maximization.

I read slowwalker is not in favour at all, but seemingly has no clue about anything other than stake maximization.

=D
When it comes to people to trust, I do not think those who circle vote and support so many of their alts for years are good candidates, no matter how much they bought or at what price.

Oh, and good afternoon to you too :)
I got a late start tonight.

I understand the motivation behind the soft fork. I think I can even empathize with the execution of it given the assumed/felt security threat.

Yet, I do not necessarily know where I stand about the actual event and the consequences. First of all, I totally feel like @whatsup and as a user I now think we all have the right to assume/feel the same security threat about our own activity here. Which is not different from last year when similar was considered but then with a hard fork, totally nuking the stake.
Brutal wakeup call about what witnesses would potentially consider.

While this time the actions undertaken merely limit specific transactions, and can with a consensus soft fork be reversed (AFAIK there is no reverse date in the soft fork itself, thus not as reversible as made out to be since still requires consensus)... this is a brutal escalation.

An escalation which may be considered premature.

Yes, communication was bungled. Yes, the TRON marketing team did make some follow-on errors. But they could have been remedied.

Is giving a CEO, of a team managing a 1.6bn market cap, 10 days time sufficient? I would assume that in those 10 days Justin has been communicating, but first with his team - which now also includes Steemit Inc - and then in some days, weeks he would have reached out to the witnesses, then the Steem community.

I do not feel the same security threat and I think Justin should have been given both more time and the benefit of the doubt. But I can understand what motivated the SF.

Here's just hoping hostility was expected on Justin's side and it didn't trigger additional bad blood.

First of all, I totally feel like @whatsup and as a user I now think we all have the right to assume/feel the same security threat about our own activity here.

Feeling it now, doesn't mean it didn't exist earlier. As said, the illusion is gone, innocence lost.

Here's just hoping hostility was expected on Justin's side and it didn't trigger additional bad blood.

You'd think he/they would realize, but it also appears tat they didn't quite know what they were buying either. Either way , it is a risk in various capacities . Is it better to be safe than sorry? Time will tell.

I agree a lesson well learned. Illusion is gone.

For me the issue isn't this situation it is now having a full understanding that 17 people can collude (it wasn't the case I heard 60) and make a change.

It has me questioning my EOS investment as well. Doesn't feel secure at all.

But I totally get your point it was always there, as was the threat of SteemIt Inc's stake was always there.

Doesn't make it feel good when a trigger gets pulled.

We knew about the possibility since last year's episode. But it is more difficult to fork someone out with a hardfork because exchanges also need to adopt the hardfork for it to become truly functional.

The fact the soft fork was released and adopted is a brutal lesson tho and may potentially make this set of consensus witnesses a threat to the freemarket.

The ramifications can, indeed, be of historic level.

Nice to see you, long time. :)

It is indeed on a historic level, but unfortunately, nobody is talking about it outside Steem.

It has me questioning my EOS investment as well. Doesn't feel secure at all.

Part of the reason I moved the little I had out of EOS was the feeling that I didn't have a place there at all, there was no community. Steem might go to zero, but there is still the possibility of community interaction. If EOS went to zero? This is likely an illusion too.

One advantage Steem has over EOS is at least I know who people are for now.
And whether or not I agree, I tend to think most involved have good intentions.

In EOS I don't know anyone, their history and have zero means of building trust.

Even though I am also invested in EOS, I have to agree that you can't call the investors there a community. That is something only Steem does have.

곰돌이가 @jayplayco님의 소중한 댓글에 $0.024을 보팅해서 $0.018을 살려드리고 가요. 곰돌이가 지금까지 총 7468번 $97.426을 보팅해서 $101.139을 구했습니다. @gomdory 곰도뤼~

"I am personally still agnostic on whether this is a positive or negative for Steem in the short or long term"

Everybody who thinks straight would be agnostic on whether or not this will prove to be positive. There are many factors at play, both on- and off the Steem ecosystem and this is a very crucial time where events will impact the future of Steem heavily. We could end up in a way better situation. But it could still also have a ver different outcomes. Those who would claim to know how it plays out are not to be trusted.

But it's certainly one of the most interesting times on the platform!

It is especially difficult to predict now. Sun likely has an ego, and egos act poorly when cornered.

But it's certainly one of the most interesting times on the platform!

I find it generally interesting, but there is a lot in play at the moment - good time to have skin in the game! :)

Yes, that is true. But as far as I have seen Sun in the last years, he will keep everything calm and move on with his plans. It may not be easy to understand it from an American or Europan view but the situation is not really in favor of us. And unfortunately, he does not forget.

In general (very general) eastern culture is more patient than western, but I have noticed that when it comes to crypto at least, there is a lot of maximization on the eastern side, and less sense of a global community - more "us vs them". Personally, I would hope that Steem was able to break these kinds of nationalistic traditions and build something where all kinds of people interact together as equals. Long way off from that though.

Personally I agree with you :)
But as we know the reality is not yet there. Is is anyhow good to have a voice like you.

!ENGAGE 25



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I am personally concerned about my investments as no funds are save anymore when the witnesses don't like it.

A realistic scenario when exchanges (like Binance or Upbit) decide to make staking Steem on their exchange available, vote witnesses, upvote and run as a witness and influence the current power balance... are we going to freeze the funds on the exchanges accounts too? Binance is already offering to stake for different coins on its platform and is also the biggest SR at Tron. Why not for Steem?

What when as an example (Korean) users gather together to fund 10 Mil. USD and gain 50Mil. Steem to force a replacement on witnesses. (Which is also a scenario that had been often in discussion in several cases). Are we going to soft-fork that also? Because it is a hostile overtake? But what is a hostile overtake? Steem is not a security.

But the most important part, all that kind of scenario is hypothetical, but the soft-fork is reality.

I do appreciate the hard and continued work the witnesses have done the last 4 years and I was one of the few that have defended their hard work within the Korean community, but this one step was a step too far IMHO.

It was always an option.

What when as an example (Korean) users gather together to fund 10 Mil. USD and gain 50Mil. Steem to force a replacement on witnesses.

I think this would be a different scenario and wouldn't be met with blocks. The reason is that unlike the Steemit Inc stake that was mined in what many would at an unfair advantage and as a result earmarked for Steem development, the Korean community would have to buy it off exchanges.

On a side note: on paper, 10 million dollars buys 50 million Steem, but there isn't 50 million Steem available at 20 cents. I think once that buy pattern starts, the final price for the 50 million Steem might be looking skyward of 100M dollars < at a guesstimate :)

What I do like though is that people are discussing these fundamentals and what it means for them and the communities they engage with.

!ENGAGE 30

Thanks for dropping by too, it is nice to have some overlap :)



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I most definitely agree that this is a historical and perhaps defining moment for the Steem blockchain. Many actions and precedents which appear new, but as you said, the witnesses are the experts at their job, which is to protect the blockchain and the community. We shall just have to wait and see how this plays out.
✍️

I am hoping it is a turning point toward the positive, a pivot into a new era of development and growth. We'll see.

!ENGAGE 25

That is certainly my hope also. We’ll see👍



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Great this are happening in Steem with this softfork @tarazkp. We hope for great change this year for better so that our long search for good time can happen. Cheers friends!, Let's continue to steemon!!!

What do you think will be the impact of the softfork?

On sixth March I hope after justin sun meeting with steemit witnesses both will decide and conclude a better solution and this Soft fork may reversed

Not sure what the solution would be or how fast it would be implemented. Would you be willing to immediately unlock his stake if he promised not to vote witnesses?

Let's see what will be the solution but if justin sun promises to not upvotes to witnesses and try to control or influence the steem blockchain without community and witnesses agreement we (steemit community and witnesses) should unlock his stakes

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