HF20 The Centralization of Power on Steemit
This is from the @steemitblog - -
https://steemit.com/steem/@steemitblog/hf20-update-restoring-continuity
Their words not mine.
Moving Forward:
Because the RC plugin is non-consensus, any future updates to that system will likely not require replaying the blockchain, which means they would be able to maintain service throughout the process as we continue to make more updates.
Preserving Flexibility:
Due to the fact that many components of the RC system are non-consensus, we can continue to adjust the resource pool budgets, track trends, and adjust charges incrementally over time so that we can meet our third goal of moving us toward sustainable pricing of blockchain operations.
any future updates to that system will likely not require replaying the blockchain,
What that means is the witnesses are no longer needed.
So who is the THEY and the we?
Are the they "businesses and exchanges.", because removing the witnesses from the loop is certainly not going to be to the benefit to the user so they is not the user.
I think we can all guess who the we is.
" we can continue to adjust the resource pool budgets"
If you are a witness, ask just what they mean. I am not a programer, but I can see it not being to difficult for the we to look and see that accounts between 10,000SP and 100,000SP are removing an inordinate amount of rewards from the pool in their opinion, so lets put in a line of code like {IF SP=>10000 AND LESS THAN <= 100000 THEN RC = 666} meaning they have just done like all the authority figures throughout the world and shut your ability to move forward or voice you opinion on steemit.
Welcome to the centralization of the power of steemit.
Just my opinion and since it cost to much to comment have a post.
Hf20 - velocity - where we are speeding to ? "where no man has gone before" ask ned while he is on the bridge for the answer
They aren't removing witnesses.
And I am fairly certain the we is all of us
Interesting thoughts that you came up with and it could be a possibility. But since the consensus mechanism is not on chain that seems to me that everybody with a big enough stake could come up with his own RC metrics (but thats to technical for me - just a thought) I have heard for example that Steemmonsters is already using hivemind protocoll and all transaction are also not consent on chain. We will see what the future brings but certainly there will be an internal market for RC where prices will be determined by all participants.
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I'm speeding to WeKu!
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