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RE: When can we expect an updated Whitepaper?
I agree, but I think it will have to be a community-driven project - the Bitshares devs (who are also working on the Steem backend) are notorious for hacking their way around problems without documenting their changes.
I spent about 10 hours the other day picking through the curation and posting reward code (not an easy task, since it's barely commented and I dont really speak C++), and I think I have a pretty good handle on how it works.
I might be interested in helping document it, but my spare time is pretty limited. You?
Thats a shame about the dev team. My coding its limited to C# and some python. Although I want to learn, and definitely in my free time will try dissecting it a bit. I must admit I feel disincentivized to do so when the algorithm changes so rapidly, would be a full time job.