RE: Witness Update - Running my own softfork (22.3)

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RE: Witness Update - Running my own softfork (22.3)

arcange in #witness-category • 5 years ago (edited)

The main purpose of my comment is not about tracking funds, but on the ineffectiveness of the solution proposed by Tim regarding blockchain security.

You don't even have to split the stake, you can move them all to an exchange. Then, when you are ready,

you deploy 20 witness nodes running your (malicious) hardfork version
you declare 20 new witness accounts on the blockchain
you move stakes back to an (unblocked) account
you promote your witness accounts in the top 20

And tada, in less than 6 seconds, you get control of the blockchain! 🎉

5 years ago in #witness-category by arcange

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marki99 5 years ago

True, that's why I like the idea of having a maturity period where every week a part of your SteemPower gains voting rights.

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arcange 5 years ago

That's a cool idea, but not easy to implement and will add more complexity to something already complex enough. Anyway, we should keep it in mind.

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novacadian 5 years ago

And tada, in less than 6 seconds, you get control of the blockchain!

But not control of a truly forked chain, @arcange. A true fork seems to me the only valid threat the community can offer a majority stake holder, like Mr. Sun, without breaking the trust of DPoS. Witnesses should get busy getting a true fork ready. They are only creating a very pissed off billionaire who has asked for enough time before parley to get goodness knows what in motion, in my opinion.

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