Late Monday night (pacific), we were observing the hardfork witness majority ...
At the time, the witnesses had not quite reached 17 of 20 adoption, required for the blockchain to consider it a majority.
Early yesterday (also pacific time shown), 0.19.2 finally had a majority (20 days after release).
You can also see this data on steemd.com.
So here's the spooky part. Poloniex enabled their STEEM wallets the same day 0.19.2 got a majority.
Hypotesis
There was something in 0.19.2 that Poloniex believed they needed in order to safely enable STEEM wallets.
Poloniex claimed they needed STEEM development to address something before they could enable STEEM wallets. It was obvious that STEEM development was doing everything they could, including creating a definitive guide on running an exchange node (published 20 days ago).
But none of this was enough for Poloniex. Then, the day enough witnesses adopt 0.19.2, Poloniex enables.
Null-Hypothesis
There is no way witness majority had anything to do with Poloniex's independent decision to disable STEEM wallets for 2 solid months.
The fact that it happened on the same day is just an amazing coincidence. It's not like there was any specific threat to Poloniex from 0.19.1. Not only that but whatever it was that 0.19.2 addressed, the changes were enabled even while the majority was not reached.
Furthermore, there's no way witnesses who delayed the update were indirectly locking up funds on Poloniex.
Witness majority for minor version (ie. non-HF) doesn't matter at all.
It's not even a coincidence, it's just irrelevant.
"definitive guide on running an exchange node" was just to show how easily an average teenage minecraft player can setup Steem exchange node.
Pro like Poloniex with 25M+ worth of assets should know what they are doing without ELI5 guide.
For all we know, someone at Poloniex was checking this page every 24 hours:
https://steemd.com/fales
And when they saw 0.19.2, they opened the wallets.
Yeah gtg our running theory is perhaps someone at polo was looking for a version change before they bothered attempting to re-open withdrawals, and they were affected by the p2p bug.
That's a very interesting theory.
is that nate?
yes sir
Hey @inertia, I think you have some gum on your shoe.
Nice sharing, Thanks
Very nice blog i like your work thanks for sharing
What happens if we witness someone? How does they get benefited?
Read this: https://steemit.com/steemit-guides/@pfunk/a-full-steemit-user-s-guide-to-steem-witnesses
Thanks. Got it.
Cool!
nice post
and maybe it is just something else who knows ????
problem is in an always on demand, real time world can someone like Poloniex really expect people to use and trust it again? two months is a LIFE time in computing terms, especially more so these days when we are taking about real time tranasctions as such. ball dropped? impossible to further play ball? i dunno, i would'nt use them again that's for certain.
That is a peculiar coincidence I wish I knew what that hold up was about. Glad to know the polo steem wallets are back up, though.
Source Credit: giphy
Outstanding work. Many of you Techie Types here on SteemIt do a great deal of work to keep the lights on. I do not believe that many people realize the amount of effort required to keep this blockchain social network working properly.
On behalf of everyone old and new to SteemIt; I thank you and your mates for your hard work and steadfastness.
Have a great week and I will be sure to resteem this article to share with my awesome followers.
Is very strange, maybe coincidence happens at all times, I do not know if poloniex is reliable, if it has a certain credibility, the important thing of all this is that the visibility of steem increases.
This is just a generic error message they put on any disabled market so that they don't get so many support tickets.
I can't say for sure if Poloniex needed the witnesses to have a hardfork-supermajority upgrade to 19.2, but my guess is they probably didn't notice or care and it was a coincidence.
You are correct. But just to verify, I went in to Poloniex to see if there was another disabled symbol.
Yup. Generic message.
The same day it looks like Steem nearly doubled in price on Poloniex as well.
EDIT: Not doubled. My mistake. But it did go up quite a bit
very good information about it, but I have a small doubt is not preferable to have your steem in bittrex as it is a more secure wallet or if you want to change them is preferable by blocktrades?
Quite a good news as Steem in Polo just had gotten up. Cool updates.
Thanks for sharing.
I'm still worried about NEO stuck up in the 20's. :(
How does poloniex take 12m steem without a peep from the community?
Stinc ----->stunc stake?