Supporting this proposal should be a no-brainer, but my main concern before hitting the support button is the choice of the Peerplays blockchain for managing your tokens.
Peerplays is a ghost chain:
- No activity for months if not years
- The last code update was made 4 years ago
- 11 unknown top witnesses voted by unknown users
All of this backed by a PPY token valued at $0
Although I can understand that there are good technical reasons to do so, it doesn't really make me confident about its security and the relevance of your choice.
IMHO, this should be addressed first.
@arcange:
The chain has active development - in fact quite a lot.
If there is anything on the tech / development side of things, I can answer them
Thanks for pointing me to the GitLab repository.
I was checking PBSA's GitHub repository from a link I stored when I was a PeerPlays witness.
Obviously, this one is no more updated and should refer to the new one.
That being said, if it's still the same chain (even if updated) on which the SPK network plans to rely, the matter of known and trusted witnesses still needs to be addressed.
I agree that the number of active nodes needs to be increased on Peerplays. Currently there are 11 - 12 nodes operating as what we class as credible trusted witnesses and another 7 running Peerplays Bitcoin Sidechain nodes.
For the Hive-SPK-SONs sidechain 15 nodes each will be required. It can run with a smaller number such as 7 if we decides to operate with fewer nodes. The more nodes plus backup nodes the better the scenario is for decentralization and resilience.
Ideally the number of witness nodes should be increased. We hope that as the project grows and interest gathers, with the community's support and input, alongside the Bitcoin and HIVE sidechains there will be more participation from operators.
It is technically very easy to run the Peerplays node & the hardware requirements are very nominal. Its also possible to run the nodes along side Hive or Bitcoin Sidechain nodes too. The size of the chain is around 16 GB at this point and assuming one is using docker or a pre-built binary, the cost to operate a node will be only around 20-25 USD per month. The technology to operate this node system is built and in place, now it needs the people to get involved to further decentralise. We see this as a great opportunity therefore for Hive and Peerplays community collaboration to build something the sum of which is greater than its individual parts
Threespeak will also run initiatives to help incentivize further decentralization of Peerplays, should this be necessary and as the time comes. Additionally, it may be that the SPK Network itself also distributes some of its rewards to users running Peerplays nodes in order to further decentralize that eco system. This has not been decided yet, and will be incorporated should further decentralization of Peerplays be required at the time
Great questions and completely fair. In addition to @bobinson comments, there is a certain runway to consider here. At present, Peerplays has:
3X C++
4X Javascript/React/NodeJS
3X Quality Assurance Testers
All working full time on Peerplays now.
You can go to Peerplays LinkedIn to see we are actively hiring more full-time roles as well. We are rather thorough in our daily screening and only take A+ candidates from around the world. Out of several hundred we look for 'the one'.
Only recently did a marketing team start to come together with a:
Performance Marketing Manager
Content Marketing Head
2X Copywriters
UI/UX Designer
Brand Specialist
2X Media Assistance
All now working together in bringing out a fresh new position in the blockchain space for Peerplays.
We're excited to work with SPK and Hive so that we can make some firsts in blockchain history that signal a future of collaboration among the chains.
Thank you for the additional information.
Don't get me wrong, I have nothing against the SPK Network project and proposal. I'm all in. And so is it about Peerplays.
I'm truly impressed by the work done on Peerplays and have nothing against its technology.
I wish so many features you have were available on Hive.
But on a DPOS system, trust you put in witnesses is key.
When you review the current ones on the Peerplays blockchain (https://peerplaysblockchain.info/accounts/witnesses) they all look voted by the same stakeholders and their presentation links often lead to outdated if not unavailable pages.
Hence the concern I expressed.
interesting article, I am looking for the SPK repository and find wonderful info like this, now to see if they have updated much from here...
I'm wondering if the @spknetwork answer addresses your questions.
No, it didn't. Their answer addresses technology, not security.
Hello Arcange hope all is great. Could you explain like 5 the possible security issues you are addressing for the non technical peeps like myself? Regards.
OK, in my answer I take it that you have some knowledge of blockchain technology and how DPOS works. Here are some simple security issues to consider:
Scenario 1:
Scenario 2:
Doesn't Scenario 2 remind you of something?
And there are still other possible scenarios like all current (unknown to me) witnesses being already controlled by one entity.
Am I paranoid? Yes! But when it comes to security, paranoia is a must.
So it relies on PPY token? I thought it would be a fork or something.
Yes, up to now it relies on PPY, hence my concern about security
Interesting.
Is that for backed tokens or what value provide peerplays? I think that questions are really good, our biggest advantage in our community :) Everyone knows something about everything :D
How much finding is coming from ETH BRC and other tokens?
This is a private venture for private wealth and should not be funded by the Hive blockchain. This is not Hive development. This is private wealth accumulation with no payback.
Giving 142K to a outside network that will inevitably profit from its user base. Thats a joke.
Edit: You are right, only a no brain would support.