RE: Softfork 0.22.2 // The Steema Carta

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RE: Softfork 0.22.2 // The Steema Carta

fitzgibbon in #witness • 5 years ago

This is the reality of Delegated Proof of Stake. The elected witnesses can do what they want, provided a supermajority amongst them is there.

As the general community, we can only vote with our stake. We reward good decisions by sustaining our vote for the witnesses or changing it when we feel witnesses do not act in a way we think is best for Steem.

But at no point a decision or action of the witnesses would require a public conversation. Not by design. I would say getting consensus between witnesses is already challenge enough.

Although my stake is very small, I've changed some of my witness votes in light of current events.

5 years ago in #witness by fitzgibbon

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whatsup 5 years ago (edited)

Agreed, it is DPOS in action and the distribution showed.

You are also right, that nothing says they HAVE to have a conversation.

I consider it a very big deal to disable someone's stake temporary or not.

The stake wasn't stolen it was purchased. People who didn't like the terms of the deal nullified at least temporarily.

I can't minimize that to a "security risk".

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fuzztone 5 years ago

The purchased stake was under certain conditions. Be it 'social contract', be it 'intentions', it was never supposed to be sold. Therefore any deal on it might actually be considered illegitimate.

It's not just 'someone's' or 'anyone's' stake we are talking about here, it's very specifically the ninja-mined stake that has always been subject of much debate on- and offsteem. And also one of the biggest reasons for the bitcoin- and rest of crypto community at large to consider Steem a scam.

The conditions on this specific part of stake have now simply been formalized to code in a temporary soft fork.

Then again, I fully agree with you that disabling stake is a very big deal. People will interpret it and will judge it in various ways, drawing different conclusions. Also, not engaging with the community about these things but executing them without any warning will also be interpreted and judged in various ways.

At the very least I find it highly interesting and I find myself engaged with the drama. I'm following closely.

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