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RE: I will not participate in any consensus fork or true fork designed to remove stake from Steemit Inc.

in #steem5 years ago

Targeting STINC specifically, no, but a STEEM reboot/real-fork (With a brand new codebase) that corrects for pre-mining would actually be the only reboot I'dd think would be fair.

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I'm not sure how you "correct" for pre-mining. You can't really go back and unwind all the witness rewards received for being voted by pre-miners, because other people's votes were made in response to them. Similarly what happens to the rewards received by those accounts in the meantime, the votes bought from them and the middleman profits made thereby?

It would be easier to start a brand new chain and airdrop the coin on whichever Steem accounts you wanted to, either by forking the current chain history or just starting fresh.

Personally I'm interested in what would happen if you did that and excluded everyone with more than 50k SP, but not enough to actually try it right now.

I was looking into exactly that, on a bit broader scale. Basically running all blocks since user 1000 against a graph database representation of blockchain state. Ran into the limitations of asyncsteem with API node stability, and now I'm doing a rewrite of asyncsteem in a new set of libraries before trying again.

The idea was threefold:

  • Really stress test my library (what it did)
  • Find out "what would happen"
  • See if the arangodb final month snapshot could serve as a contingency node. Create a contingency reboot coin, part blockchain part graph dB, just in case STINC really goes belly up, leaving their (poorly documented) codebase orphaned.

Think I'll give it an other try when the new libs are up.

Currently floating an idea of something like a Sword Of Damocles reboot option for witnesses to use at their discretion. I'dd be interested in hearing your views on something like that.

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