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RE: SteemIt's Freezing of Accounts/Tokens Tells the World to Not Trust DPoS

in #blockchain6 years ago

The whole reason we froze the ninjamine and then forked away from Steem was because Justin could do whatever he wanted. The fact that he is now doing whatever he wants doesn't really damage DPOS's reputation any more than it already was. Everyone already knew these things were possible.

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There's a difference between possible, and it actually happening though. A president could send nukes to blow up a country, vs. actually sending nukes to blow up a country, starting WWIII and destroying humanity. Difference.

Yeah but in blockchain everything that can happen, will happen. Every road is being tested.

Nah, not everything that can happen will happen. Ninjamined stake wasn't removed from accounts, beit Steemit Inc or other ninja miners. It may never be removed, hence not everything does happen.

I'm talking about DPOS and crypto in general.
Clearly not everything can happen on Steem specifically.
That would create the impossible contradictions that you've mentioned and a million more.

Centralized authoritarian control of a DPOS chain was the obvious biggest attack vector of the entire consensus algorithm. It was guaranteed to happen sooner or later. Looks like sooner.

So you think this is a bad thing for Hive?
I see it as the natural progression.

I wasn't considering this situation to be bad news for Hive.
Quite the contrary I assume this is very good news for us.