And if the first should get heavy problems, it becomes not super likely the next wave of people step instant in
The next wave will just be more careful anons. The cost of running the witness server itself is not very high (helped a lot by optimizations since the Hive fork). Even if there isn't an easy way to cash out people will still do it to accumulate stake.
I don't think it needs to be instant. If there is a bit of downtime or slow block production due to missing witness slots, that's okay, the chain will still work/recover.
Good point!
Sure that wave will most likely never use the hive wallet. Any maybe runs by the same witnesses particular :D The question is, how will be the voting work?
"I'm here to save the chain" as an electing/voting plot can work, in a short term. But in a long run some kind of "reputation" in an anon way is needed :D
"Known Team" meets "trustful anon" :D
Btw, ETH merge will be a very interesting "project", because to be honest, the difference between centralized software and a blockchain becomes smaller and smaller :D
If the first transactions get rejected on a "blockchain" basis, the demand for uncensorable can become dramatic :)
What do you think about it? The transformation was obvious, but remember me every "ownership proof" on eth will be nothing more than an "ingame item" on a game that can be deleted anytime soon.
Or just make it matter less who the witnesses are. All that is really needed is to pack transactions and sign blocks (this is problematic right now because there is no incentive to actually include transactions in blocks). Voting on hard forks can be modified to work on the basis of direct stake voting, or in a manner better suited to anon witnesses (for example, witness can only change vote once per day, which means stakeholders can vote for a witness without needing to trust the witness to vote in a certain way).
The price feed is potentially problematic. I don't think that is really solvable without reputation.
Good point! And overall good ideas!
Price feed could maybe work with a cluster of connections to other witness price feeds that only allow xyz % difference. Otherwise, price feed becomes invalid.
like "get price" + " compare price".
If a block has an invalid price, it becomes the price (calculation) from the block after ( or before).
I mean that could work as long not all anons go full retard :D