Hi @nanzo-scoop
This is a great classification of events in blockchain terms and a very helpful illustration of how this test can make us and all of cryptocurrency stronger. It sometimes takes events like this to move those in charge to take the additional steps needed to protect against the attack against decentralized governance of large stake holders and the use of exchange deposited funds.
I think if a large investor understood the limitations imposed prior to their purchase and if the code limited or excluded votes on governance by exchange deposited funds our situation and future situations could have been avoided.
But hindsight is 20/20 and life is indeed a learning experience. I seem to detect a change in your writing since you started focusing on learning more about coding. I think your clarity on this issue will motivate me to continue learning as well.
I enjoyed your post. Thanks
@shortsegments
The use of exchange customer funds to vote in dpos without their consent is the big one. Really has the crypto community paying attention beyond STEEM holders. Any pos chain is threatened by that. The 13 week powerdown is just icing on the cake and Justin’s main issue right now. Which is why we must draw a hard line at any accelerated powerdowns. Exchanges need to feel the consequences of their decision.
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i agree also that the real flabbergasting moment was the exchanges voting for the puppet witnesses.
True. It is a very important issue in this event. It will be interesting to see if the code can be changed to prevent this attack vector from being deployed in the future.
👍