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RE: Open Letter To Steem Community

in #steemit4 years ago

Only 17 of the top 20 witnesses need to run a new version for the chain to switch over to it.

My off the top of my head suggestion was to imply that 51% of all registered witnesses be required to institute a HF. That way not only the top 20 would have that decision and there would be too many witnesses for a whale to control like in the case of the present system. This was just an off the cuff suggestion of how we could look for a generic solution that would affect all accounts so as to not simply targeting one.

This is literally about keeping the STEEM blockchain from being shut down and rolled into the TRON blockchain.

If that would have been the lesson of DPoS then we should have learned from it and progress towards a REAL Hard Fork. Tell Mr. Sun that. Tell the community that and do it if he used his stake to influence witness voting.

The Computer Scientist in me would suggest the following start up for the new model...

  • Start a new chain with all current accounts starting at 500 SPs.
  • Bring back miners that STEEM originally accommodated.
  • Require 51% of all registered witnesses to agree to new HFs.

The loss of my Dolphin status would be excepted by me for this second kick at the can. But that's not going to happen. Too much vested interests and not a prevalence of scientific curiosity. So the best solution, in my opinion, would have been one that affected all users while hampering/thwarting/hoodwinking Mr. Sun as well.