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RE: Why was LeoFinance Down For So Long? + miner attack vector

in LeoFinance5 years ago

As one of the people who designed Steem/Hive-Engine and the functionality behind Scotbot (which is a name I have never liked) I have a lot of comments on this post. First of all, I need to clarify that I'm no longer involved with any of these projects so I don't have any "inside information" or influence over them.

Scotbot is the technology/server that was invented to run SteemEngine.

This is not accurate. Steem/Hive Engine is a fully open-source platform that runs smart contracts as a second layer on top of the Steem or Hive blockchains. Scotbot is just a service that runs on top of Steem/Hive Engine to process posting and voting rewards using Engine tokens.

There is really no reason that Scotbot should be a separate, closed-source service. The initial design of it (which I wrote) called for it to just be another smart contract (or set of them) that run on the Hive Engine platform. This way the code would be open source just like all Hive Engine contracts and anyone can run their own Hive Engine node and verify all of the results.

If I remember correctly, it was first built as a separate service instead of a smart contract because that was quicker and easier and we were trying to get something up and running asap to keep the Appics platform on Steem at the time. I always intended for it to be migrated to a proper smart contract at some point (and I believe a bit of work had gone into that), but I ended up parting ways with the project shortly after that and I guess that never happened.

As for the mining, I really have no idea how that works because it was all done after my time. However, if it's really not done in a transparent and provably verifiable manner that's pretty bad, especially because it should be pretty simple to do.

Overall, I'm really excited about the fact that theycallmedan is supposedly working on further decentralizing Hive Engine and Scotbot, and I think that would be hugely beneficial for Hive and platforms like LeoFinance.

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I'm working on something separate from Hive Engine. I have hopes Blocktrades sidechain will be something we can utilize for the Speak token system. We just need a decentralized way to distribute tokens and I want that value to be brought back to Hive. There are at least a handful of people I know are working on similar solutions, I'm helping a few myself. So I'm confident a solution will be made and I'm happy to help in anyway I can.

I would love to be able to help out and be involved with these things but I really need to be 100% focused on Splinterlands since there are many players and investors who are counting on that. In any case, I'm really glad to see people like yourself and blocktrades working on these problems and I can't wait to see what gets created on Hive over the next year or two!

Cool info dan :)

Hope we get something that values the token and not extract value out of it.

I think a sidechain will extract more value out of hive as it brings in. Sure you don't need Hardforks to change something, but it also shows the weak points hive has at the moment.

In other words, current management hasn’t done anything right since you left 🤨

#bringmattback

I was rooting for (and still am rooting for) @theycallmedan to make decentralizing HE possible. After reading Aggroed’s post and seeing the request from the DHF he made, I was a lot less excited.

Through what Splinterlands alone accomplished on the second layer, I think it became obvious we need more solutions to aid development. In running LeoFinance, it’s become even more obvious to me that the focus should be building good, open-source and decentralized tooling that people like me can leverage. Not closed source MVPs that never get improved

Posted Using LeoFinance Beta

Thanks a lot for dropping by to make that comment!

Posted Using LeoFinance Beta

@yabapmatt do you work on your own project on hive or you do a break from it?