Just ranting. Ignore my FUD. Unless you agree.

Welp, I would love to rant on chain but we are STILL upgrading to HF20, which who is even asking for?

I just want to scream about how atrocious HF20 is. Why are we getting it shoved down our throats? STINC has yet to deliver on promises, has constantly bait and switched, and is leading the chain way downhill.

BTW, what happened to HF 19.5? SMTs? I know we were already told that SMTs will be released Q1 2019, but can we all just recognize the utter shitshow STINC has been?

We were supposed to get SMTs in HF20 Jan 2018. Did we get HF20? SMTs? Nope. Then, we are supposed to get HF20 2018 Q3. Did we? No? What did we get instead? We get HF19.5. Does 19.5 have SMTs? No? We'll get em 2019 Q1? Ok, what is 19.5 about? Oh, something that might actually improve the chain without detracting from it? THEN WHY DIDN'T WITNESSES IMPLEMENT IT! Instead, TWO MONTHS LATER we get HF20 released and shoved down our throats faster than Ned could power down and dump on us again.

Now, why is HF20 getting passed so fast? Is it because the provisions empower the whales at the cost of the rest of us? AND YOU WONDER WHY DAN LEFT!

Alright, now that we have a moment where forking HF20 has a temporary setback, time to talk to some of these witnesses to find out what we really want and what might hurt the ecosystem. There's plenty in there that's good and bad, but the bad is concerning.

Either way, start shifting votes till after 30 min as the author will no longer get that curation and the curation will be burnt. Don't waste your SP on a fire pit.

Status Update from crimsonclad [bringer of death]

the short and not totally accurate version is that hf20 allows an action the hf19 doesn't, and because of a really specific set of circumstances, the transaction basically rendered the block incompatible. This is one of those things that we can't rush because it depends on people downloading the new patch/blocklog when it's ready, and then replaying. It's all good, your personal accounts will be just fine. There will continue to be downtime for now.

Proposal?

While we have the opportunity to add some things, why not give curation reward to the account delegating SP to the voting account? If you own the investment in the chain, might as well get the reward for it, even if you fork over the delegation.

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Also another Rant I wanted to get out

SteemIt Economics

Witnesses

This model supports little intervention, providing the claimed decentralization for which users can engage in freely. There is, of course, a decentralized form of governance and oversight. This is accomplished through the monetary actors on steemit: witnesses. Think of witnesses like the FED. Though they mint the money, they do not disburse the money. They can, however, decide debt ratios and interest rates. They can pass forks, or “legislation”, that pegs the currency, inflates the currency, or deflates the currency.

SP Holders

SBD Payouts don’t come from nowhere… they come a reward pool. The reward pool is an inflationary backbone of the steemit system. Pulling from this source of wealth is how payouts gets distributed. STEEM Power provides users access to this pool and thus SP holders provide the direction of which money flows throughout the overall steemit model. This means SP holders are fiscal actors. Think of them as both welfare and the IRS. SP holders can either provide users benefits through upvotes or cause taxes through flags.

Responsibilities of SP Holders

Content Evaluation

[Insert Platitude] With Great Power comes Great Responsibility
[Make Pun of Platitude] With Great Steem Power comes Great Responsibility
SP holders hold the unique responsibilities to the blockchain. As the IRS and Welfare Office of steemit, SP holders are responsible for the proper allocation of the reward pool. This extends responsibility towards the content curated. A user that upvotes scams, garbage, or damaging content is held responsible for the allocation of improper funds given to the individual.

Damage Control

SteemIt is a unique style of company, where investors have obligations to the company, not the other way around. Because of the decentralized nature of the platform, the power is given towards investors and thus the investors hold responsibility to represent the company as a whole. This means content that reflects poorly on the platform and inhibits the platform’s growth must be hidden from the public.

What SP Delegations Mean

Forfeiting Power

The most important aspect of SP delegations to remember is that the user voluntarily forfeits power over the blockchain. This means leasing SP is a form of Bribery under the classical definition:

1. money or favor given or promised in order to influence the judgment or conduct of a person in a position of trust police officers accused of taking bribes

1. something that serves to induce or influence offered the kid a bribe to finish his homework
   ^{Merriam-Webster’s Dictionary}

Though is Bribery necessarily bad?

Despite the negative connotation surrounding bribery, bribery can be used for good things. In the political world, it can encourage expedient or strengthened action.Inside the SteemIt model, leasing offers passive income opportunities and providing an opportunity for users to liquidate their investments into the blockchain without losing their original principle. SP delegations, however, hold a distinct difference from other similar staking systems. Proof of Stake holds little room for opportunity costs, unless you try to make an extended argument that the coins could best be used for some grander purpose if used, but I digress from this line of logic.

Responsibilities of Delegations

The opportunity cost of delegating SP is much greater when acknowledging the opportunities SP provides for users of the STEEM blockchain. This is where the highly controversial Action-Inaction Distinction falls into play. The most recent expert mind on the questions hails from Justice Anthony Scalia in National Federation of Independent Business v. Sebelius where Scalia argued:

it would seem to me unreasonable to draw the line precisely between action and inaction, rather than between various forms of inaction.
[citation]

Though his decision makes little footing for a decisive distinction, it provides a groundwork for reasoning to grow. To fully understand the line Scalia begins to draw, one must look into his decisions for Cruzan v. Director, Missouri Department of Health. In this case, Scalia makes his initial argumentation for Government’s right to and obligation for intervention into cases of individuals decision of harmful action.

This shows clear obligation for blockchain governance to carry through and emulate. An individual's inaction on the Proof of Brain governance holds, if anything, some responsibility towards the impacts of those inactions. I layman's terms, a user has the responsibility to either upvote quality or flag trash is intrinsic in holding SP. Decision not to make these actions holds equal responsibility. Forfeiting that opportunity to someone else translates responsibility from the actions made with that power. In short, if a user delegates SP, the user is responsible for the actions/inactions made with that SP.

Democracy vs Republic

Steem Power delegations change the dynamic of the overall blockchain into a different distribution method. Whereas individuals in a fully decentralized blockchain would be able to then hold their boats equal to other individuals or equal towards other individuals with an equivalent value investment in the blockchain this new distribution method its ways away from a democratic method and more towards a republic method of distribution. The issues that arise with your system of government also show the same issues with an the with public standardization of the Block Main distribution method. disinclude first lack of responsibility for individual set the wharf their power over towards individuals second lack of understanding of what individuals that are gaining the power of individuals hold responsibility for and then finally third a lack of counterbalance measures to be able to check the power distribution that has been given towards the limited to group of individuals towards the fully decentralized apps.

What it Means to Purchase Votes

Establishing Fiscal Contract

The person to understand when purchasing boats on the steam blockchain is that you are establishing a physical contract. due to the nature of which the steam power is being utilized on the same BlockChain to be able to vote content and being able to be sold for Content revaluation, the inherent process purchasing a boat from an individual is a fiscal contract to go to redirect the reward reward pool distribution towards a different individual contrary to what the the world group I would had prior to that vote from being sold .

Bribery/ Lobbying

Five Star Wars freemakers School contract between those individuals that are selling boats and those that are trying to purchase votes users are engaging in bribery and lobbying.

The most important aspect of SP delegations to remember is that the user voluntarily forfeits power over the blockchain. This means leasing SP is a form of Bribery under the classical definition:

1. money or favor given or promised in order to influence the judgment or conduct of a person in a position of trust police officers accused of taking bribes

1. something that serves to induce or influence offered the kid a bribe to finish his homework
   ^{Merriam-Webster’s Dictionary}

As a definition of bribery states, money or favor given or promised in order to influence the Judgment work on. The person in position of trust or power. users holding steam-power old trust over the reward pool distribution in fast fold the responsibility for proper content evaluation. there by individuals that cell phones are there by engaging and a compromise evaluation of content and dust themselves are seen at either bribery and or flopping.

Zero Sum Game

Reason why it is important to understand the Dynamics behind boat selling is further exemplified by exploring the zero-sum game game nature of the steem blockchain. Jerry warpool distribution that is continuous is still have her the less limited individuals pool from the reward pool from recipients of votes are there by cooling from a limited amount that they can, does individuals trying to manipulate the reorder pulls two distributions are held responsible for how that manipulation occurs and what contents they added event evaluated and in their decision towards voting for flagging.