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RE: Steem Blockchain Patch Issued
I'm even more confident now that the Steem network can handle any possible "monkey wrench" that may be thrown into the mix. Great teamwork !!!
I'm even more confident now that the Steem network can handle any possible "monkey wrench" that may be thrown into the mix. Great teamwork !!!
This is precisely why Proof-of-(mis)Stake is flawed.
Can you imagine any other system going down that processes monetary value for a few hours retaining its userbase?
Sure, they fixed it -- but it took a lot of manual intervention. Doesn't inspire confidence in sanity checks and consensus mechanisms.
I don’t know if it is accurate to say that this was an issue related to the DPOS algorithm. Also, the practice of stopping operations if an unexpected scenario is triggered is pretty standard - afaik all of the major crypto currency exchanges have similar mechanisms in place z
When the ledger and associated funds could be compromised by potentials like double spending or printing out of thin air, I do think one of the best and most reasonable responses is a temporary network stoppage that does not require the complex ethical consideration that undoing, forking out, or changing transactions would require on top of important code/patching work.
Its called lunch hour at my bank...
heaven help me, I chortled.
just a regular guy ..having a regular pizza ..in a regular pizza pouch
#DontJudgeme
This is now associated in my mind with bankers - thank you.
omg, i need this in my life
Can we resteem a comment? My 100% vote isnt enough to convey the lols you gave me.
Appreciate that...you can resteem any of my latest posts
:)
Actually yes, this happened twice this year at my bank, operation were halted for 48 hours the first time and 6 hours the second time. The whole bloody bank stopped working for 2 days while IT people were scrambling to find and correct the problem. And still the bank retained the userbase bevause peopel are lazy and the bank compensates people who can substantiate claims that they had losses (because they couldn't buy or sell a financial instrument or repay a debt that was due, etc.)
delete
Really? Banks and credit card companies experience security vulnerabilities frequently. The difference is if you have your keys here then just relax and steem on.