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RE: STEEMIT HARD FORK: 11 days on from the recent Hard Fork and thing's appear to have settled back to normal.

in #steemit9 years ago

I don't see what kind of solution could have been done trivially. We could have artificially created more Steem, but that sets a precedent which pretty much everyone wants to avoid, violating the social contract on the supply schedule would have been very contentious.

I guess Steemit Inc could have donated some of their own Steem to the reward pool to keep it stable, but that's a pretty significant expense for them to cough up 30 days of rewards.

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I'm not a coder but whatever the expense might have been to Steemit Inc, it seems like that would merely be the cost of doing business. How much value was lost in the accounts that have left? Its no easy thing to get some quality accounts to come over.
In addition, although many of the accounts may have left due to the money, I also think they left because of the way it all went down as well.

Very roughly:

Don't start calculating a 30-day moving average until the 30-day array is filled with a set of values other than the initial zeros, or just fill it with guestimates based on the preceding 30 days of daily reward pools instead of zeros. Uninitialised moving averages always start at about zero, but that can be remedied.

Any extra Steem needed, if any, could have been tapped from the huge slush fund called Steemit.

Yes thank you! Exactly right, artificially seed it with the average from the prior 30!

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