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RE: Good News Story - The Ink Well Joins @OCD'S Community Curation
Are we at The Ink Well on the same page as @theoretical? My eyes glaze over when I try to read/comprehend finances and all things mathematical and political.
https://steemit.com/blockchain/@theoretical/in-the-beginning-there-was-dpos
You're not the only one carol. I can figure a lot of it out... but it makes my head hurt and can burn me out 100% quicker than any amount of writing.
I did some technical stuff setting up the ink well that just made me want to throw my computer out of the window.
Reading that post, it is essentially talking about the difference between proof of stake blockchains (where people just get extra crypto tokens for staking their coin so that it doesn't move out of their wallet) and delegated proof of stake which is what we have on steem. DPOS (delegated proof of stake) is similar to POS (proof of stake) but with the added benefit of being able to delegate (almost like giving your steem power to someone in a custodial manner) your stake.
That article isn't really taking a stance per say. It is simply stating facts about the way people will behave in a crypto environment and drawing the comparision whith what has happened recently with exchanges helping Justin Sun take a number of top witness positions, to stake pools where people share stake in the traditional POS (proof of stake) system.
That post is essentially saying, this is how people will act and our ability to stop/mitigate this type of thing will be the true measure of the power of DPOS (which is the blockchain protocol steem uses).
Ha ha, and if that hasn't melted your head I salute you ;-)
The Ink Well is for DPOS, it's what allows us to do everything we do on steem. That post you highlighted looks to me like it is a decent technical post in response to all the witness drama happening at the moment.