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RE: How A Little Known Feature Of Steemit Created A Huge Confusion - And When And How You Should Use Me As An Escrow Agent
Hi, Dragos,
Quite an interesting surprise to receive in the middle of traffic! :O
I'm just looking at this superficially, but if escrow transaction terms are somehow tied to the arbitrary 7-day edit period, there's a problem. That period was changed (arbitrarily!) at HF17 from 30 days to 7.
Further, my understanding is that the blockchain is immutable, and that edits only and always occur as a supplementary record of changes to the original file.
And so, it doesn't make sense to me that you would put a 7-day waiting period on an escrow transaction, because the "original" terms of the agreement should always be permanently recorded and viewable on the blockchain?
😄😇😄
You're right about that 7 days window being arbitrary, hence changeable in the future. You're also right about the records being there immutably from the moment they're validated.
But as of right now the public Steemit interface is the most popular way of consuming this blockchain and I'm choosing the easy way. Of course I can drill back in the blockchain by using a block explorer or some API, up to the moment of the initial terms and prove there was an initial structure of the trade. But what I'm more interested in is the fact that the terms are agreed upon and there is at least a certain amount of time between the moment of announcing the transaction and its closure.
Of course! If you're going to act as an escrow agent, you ought to have the courtesy of some advance notice and be allowed a reasonable time in which to evaluate the situation and decide with direction to release any assets...
It seems to me that what we really could use here on Steemit would be some kind of "automated" coded escrow mechanism similar to that used on http://localbitcoins.com ?
BTW, could you possibly point me in the right direction to begin learning what tools and development environment I might need to set up in order to do some Steem blockchain access programming?
Thanks, and Cheers!
I think you should first decide which APIs do you want to use, JavaScript, Python or anything else. Then you should start perusing github for finding the most updated and alive tool and start implementing that one. The Steemit ecosystem is very young and most of the documentation is in code.
This is the second time somebody asks me about that, so I might start a series of tutorials about it.
Thanks for the suggestions...
Yes, a series of tutorials would be very welcome... ;)