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RE: A Sneak Preview of the Secret Project I'd Hinted at on my last Witness update
O M G!
Finally! Love the invest feature!
Glad I have voted for your witness for some time now. ;)
Will the investment wallet be a wallet here on Steemit so it can receive interest as well? Will the investors receive most of that interest? Its a pretty good timing now that the divestment time is going down to 13 weeks, in case it would be needed for cashouts.
Also, is this provably fair on the Steemit blockchain?
I'm still working on getting the investment system up and running. I do intend to pay out all intrest accrued on balances while they are invested in the site but I've still got some serious code to write and math to figure out before I've got it to where I would like it.
The provably fair system is based off of SHA-512 hashing. Right now the average connection can roll about 6-10 times PER A SECOND.. If we moved it onto the STEEMchain you'd introduce a 3+ second lag per a roll. It's nearly 2017, No one is going to gamble or invest in a dice site that has seconds delayed between the action.
Is the 3 second delay really that significant? Wow
No dan. it's absolutely perfect for what we are using it for on STEEM.
But when I can take pressure of the blockchain and roll 30+ times in the time it would take me to post the bet to the network and get a response it simply doesn't make sense to use the STEEMchain for this purpose. :)
Edit: I see where you may have gotten offended. My communcation skills and writing is sub par at best.
I meant in regards to a dice site. Not STEEM itself. You and I both know this is the fastest blockchain out there and my poor wording could easily be interpreted above as me having a piss at STEEM.
This simply isn't the case. And at the end of the day it's better we leave the projects like this offchain in order to reduce bloat and load. In my opinion anyways.