Well, a lot has been happening. I think we are still trying to figure out where everyone falls. My intention was to draw his attention with my tag. :)
Was the Steemit DOA funding being used for Steemit, or was it being used for things outside of Steemit? If it was being used for things outside of Steemit, then I can understand why it was cut. I wouldn't want to pay someone to modify my car and they then use those funds to modify their car, which they then drive away with. I don't think Steemit got to keep many of the things it paid for. Am I wrong?
The DAO's funding doesn't require supporters to part with any funds. You can go to proposals and vote and votes are weighted according to your Steem Power. I voted on several and didn't cost me a milli-Steem.
There is a special "return proposal". If any proposal doesn't have as much Steem Power voting for it, then that proposal wont get funded. Justin Sun voted such that this was so high no proposals were being funded.
The Dao fund was never Justin's money. He just has influence on it because he has a lot of Steem power.
The way Steem is, and its forks are, it is just too easy to block someone's funds. I am not sure whether Monero solves this problem or not. Suppose I put my Monero address on my profile, and the mining pools of Monero decide they want to block me. Can they?
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Thanks for taking the time to explain this. I appreciate it. I had no idea how it worked. I thought literal funds were cut (out of a fund, out of Steemit's fund).
So where do the funds come from? Do they come from post rewards?
Or, is there a DAO fund being drawn from? Who holds it?
Oh, I agree, it is very centralized, the way it currently sits. The actual community has virtually no say.
I hope Justin's intentions were to temporarily put everything on hold while the smoke clears, and not a permanent action. He talked about giving rights to the community, I hope he will follow through.
I think the real question here is, how does one give the power back to the people? Can it be done? How?
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@steem.dao was funded with voting rewards and many users who tend to get big payouts setting it as a beneficiary to their posts. The account is not really a smart-contract like in Ethereum because Steem doesn't have a scripting language like that.
It was a way to socialize investment into the blockchain ecosystem.
The people have never really had "the power" to begin with. We have always been beholden to and at the mercy of those who have larger stake.
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I believe they could in theory, but there is no single point of "failure" for blockchains like bitcoin and monero.
If the "top 20" monero, or bitcoin miners "blocked" (ignored) all your transaction requests, you'd barely notice.
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These eighteen pools take up a pretty complete set of the pie. If they all got together and conspired to block a particular address, my transactions couldn't get into a block.
I want to be wrong about this. But here it is. I probably have bitcoin in many different keys, with change addresses and so on. I don't see a technical reason that they couldn't block a particular address from transacting on a Bitcoin like chain (UTXO chain). It is easier to identify who is who on some BitShares derived chain (Bitshares, Whaleshares, Steem, Golos, EOS, and Hive), however.
Also with UTXO chains, users will typically have a private/public key for eacch transaction. So the phrase "block my bitcoin address" is better stated as "block one of my bitcoin addresses" or perhaps they could block many as they link more and more to my identity.
Then we come to incentives. There isn't the same incentives to freeze funds on a UTXO chain. If Satoshi Nakamoto comes back and wants to spend his coins, miners may not like to see a price-value halvening, so there is a short-term incentive to want to block large transfers from being mined. Of course such a scandal should make the bitcoin price drop a lot anyway.
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Oh, right, and "unknown" is sitting at 11.1%
Good luck trying to get them to cooperate.
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Oh good. I missed that. With this pie we for every nine blocks it would be outside of this quorum of 17 on average
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I remember with CEX hit 51%
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Excellent analysis.
I didn't realize there were fewer than 20 major pools.
The good news here is that it is notoriously difficult to get bitcoin miners to agree on anything. Bitcoin-Cash demonstrated that pretty effectively.
Also, there is no pre-existing "leadership mechanism". It's 51% or nothing.
I guess we just need a few major news stories about how "Jeffrey Epstein's bitcoin accounts must be frozen" in order to test the resilience and integrity of the system, because as we've seen here on steem, once you make up excuses to freeze one account, then all bets are off.
Are you familiar with https://holochain.org/ ?
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> Are you familiar with https://holochain.org/ ?
Never heard of it.
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I ran across it recently and it looks interesting,
Holochain is an open source framework for building fully distributed, peer-to-peer applications.
Holochain is BitTorrent + Git + Cryptographic Signatures + Peer Validation + Gossip.
Holochain apps are versatile, resilient, scalable, and thousands of times more efficient than blockchain (no token or mining required). The purpose of Holochain is to enable humans to interact with each other by mutual-consent to a shared set of rules, without relying on any authority to dictate or unilaterally change those rules. Peer-to-peer interaction means you own and control your data, with no intermediary (e.g., Google, Facebook, Uber) collecting, selling, or losing it. **
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The DAO's funding doesn't require supporters to part with any funds. You can go to proposals and vote and votes are weighted according to your Steem Power. I voted on several and didn't cost me a milli-Steem.
There is a special "return proposal". If any proposal doesn't have as much Steem Power voting for it, then that proposal wont get funded. Justin Sun voted such that this was so high no proposals were being funded.
The way Steem is derived it is just too easy to block someone's funds. Show me a chain that isn't vulnerable to this problem and I can tell you what kind of metal it is made of.
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I also wanted to add how refreshing it is when a dev is willing to actually have a conversation and explain things rather than assuming the worst and resorting to name-calling, mockery, and degradation of the other person.
I want to work with people who can and will have these types of conversations. Thank you for leading by example.
I really like your idea of being able to fully control your own feed. I also like the idea of including some custom options for users. The ability to turn off images in the feed might be nice in case one is spammed with image rich spam. The ability to opt-in and opt-out of blacklists as logiczombie suggested would also be awesome. I also think it would be so amazing to have all the features we want in one place. It's a bit of a nuisance to use 3-4 apps for various functions. I have long wondered why everything has to be separate. I feel like it makes things more difficult, especially for new users.
@leprechaun > How can we support your work?
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Thank you for your kind words.
Here are things that could support my work:
Inspiration is a shingle that is an important pilar.
However, there is a lot of time between an idea and actually adding the feature.
There is also the material shingle, which is a matter of means. Not from a single person, but many people.
There are things you can do that wont cost you anything but could help me financially:
These things will ensure or help me attain:
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Questions:
"Referrals for programming one-off web jobs."
What type of work do you do? Do you have other examples/samples of your work which we can look at?
"Vote up witnesses that run RPC nodes for Steem. voting witnesses cost you nothing."
When talking to the average user: Explain it to me like I am 5.
How can the average user know which witnesses run RPC nodes or why it is good?
"Voting for witnesses that write documentation for javascript APIs like steem-js. These guys give us a foundation for creating new software."
How does the average user know who is doing this sort of thing?
What is a "A better development machine" ?
What do you need?
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For my on-off jobs, I can program in Python, and MySQL. I used to run a site which allows you to download files for paying Steem. You can read all about it on the @steemfiles section.
On witnesses page, you can see how they brag about what they do.
I need something with a normal sized small drive like 500 GB or more with 16 GB of RAM. A better computer I can run a better software IDE. You need software to make software. Honestly, its like files on the computer I am using are like tumors. They grow and grow.
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HIVE (THE NON-COMMUNIST, NON-CENSORED, JUSTIN SUN EXCLUDING SOCIAL BLOCKCHAIN) IS ALIVE, COME JOIN US!!!
https://peakd.com <--- Log in with your Steem account today!!
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HIVE (THE NON-COMMUNIST, NON-CENSORED, JUSTIN SUN EXCLUDING SOCIAL BLOCKCHAIN) IS ALIVE, COME JOIN US!!!
https://peakd.com <--- Log in with your Steem account today!!
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HIVE (THE NON-COMMUNIST, NON-CENSORED, JUSTIN SUN EXCLUDING SOCIAL BLOCKCHAIN) IS ALIVE, COME JOIN US!!!
https://peakd.com <--- Log in with your Steem account today!!
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HIVE (THE NON-COMMUNIST, NON-CENSORED, JUSTIN SUN EXCLUDING SOCIAL BLOCKCHAIN) IS ALIVE, COME JOIN US!!!
https://peakd.com <--- Log in with your Steem account today!!
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HIVE (THE NON-COMMUNIST, NON-CENSORED, JUSTIN SUN EXCLUDING SOCIAL BLOCKCHAIN) IS ALIVE, COME JOIN US!!!
https://peakd.com <--- Log in with your Steem account today!!
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Yes, I have started looking at other chains to see what they are doing and for ideas on how to solve some of our problems. There are so many vulnerabilities currently. We desperately need changes.
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