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RE: Pragmatic solution for the Steemit Tron takeover fiasco 🤔
Yes, it feels a bit like bailung out corrupt banks 😂 something immutable blockchains wanted to prevent in the first place. Maybe compromise is to lower power down to 4 weeks for everybody, which has also been discussed before.
I'm not convinced we need to change the power down at all. In fact, this situation shows why a long power down delay is beneficial. It's a disincentive for trading-entities (like exchanges) to make short-term interference is governance.
The exchanges powered up under a certain protocol. They should have known that Justin, a newcomer to the ecosystem, cannot promise a protocol hardfork giving them special treatment or making a major economic chain. They powered up with this knowledge.
Definitely. Just posted some more thoughts in The best protocol level solution to the Tron takeover impasse: DO NOTHING. Would love your feedback!
Already thought a bit about that, but I think doing nothing would not really help because our witnesses are also in a deadlock with the imminent risk exchanges to overthrow them again in order to execute Justin's plan. For a win-win we need to negotiate and make a deal in my opinion. Alternative is a contentious HF and fork JS/Tron/Steemit out, that would not be a win-win and will set us back several years with a high risk of complete failure.