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RE: Steem Consensus Witness Statement: Code Updated

in #steem2 years ago

We are looking forward to seeing the Steem blockchain become an even more decentralized place to develop our interface. We believe these moves can produce a step in the right direction ... the early mined stake of Steemit INC has not been used for 4 years to impact the governance of the chain and it was kept that way as trust based agreement with the community that luckily worked until now, we were always at risk but the risk never came to fruition.
NOW... We feel much more secure with it being a trustless system in the future.


It's one thing to prevent the stake from witness voting it's another one to prevent transfers and selling. Even if they did do that, powering down takes 13 weeks which would have given the community 6 or 7 weeks to prepare a countermeasure should they power down, transfer and power back up.

besides the giving reasoning: a started powerdown could only be stopped either by the keyholder, or a hardfork. A hardfork would be a way more drastic implementation which also requires exchanges to update the software.

Even ONE week would have a massive effect. Not necessarily unilateral control but still enormous influence, by itself probably in the top 5 stakeholders on the entire platform. It isn't practical or meaningful to talk about non-voting without preventing power down in my opinion.

Even 6 weeks worth of power down could have massive effects on Steem governance.

Sure, but this looks a lot like stealing. The precedent set from this cannot be undone. If this was truly done to protect steem then the Top 20 Witnesses should all step down indefinitely. It would give this movement a lot more credence.

Yeah but that's 6 weeks of warning time to prepare for it. You just fired a warning shot and accidentally punctured a hole in their haul, I'm sure that's going to go well.

Why? This SF is really just temporary without bad intentions. It's a protective measure, nothing more.

What is the sunset clause on this? Temporary is just a word until you set an end-point. If you said: "For 3 months until we have time to negotiate terms with the Tron team." That would be one thing but as it stands it might as well be until the heat death of the universe.

Don't forget, witnesses can change their mind or get voted out. If the community doesn't want this protection in place, it won't have it.

That's exactly what I did. Obviously I'm just a grain of salt so ultimately it doesnt matter

It means "for now", just like Justin Sun said he wouldnt initiate a swap "for now"....

A "for now" for a "for now" appears reasonably balanced! ;)