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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.
If what you say is true, then it's quite unfortunate, as the developers should have foreseen the negative impact a greatly diminished rewards pool would have over a month or so on the site, especially considering that implementing a remedy would seemingly have been trivial.
I'm not a programmer though so maybe there were other difficulties involved and it wasn't as easy as we think? That perhaps on balance the cost of a diminished rewards pool over what looks to be at least another 2 weeks or so is still lower than the cost of implementing a satisfactory code that would have circumvented this problem?
No, I don't think it would have been all that difficult. Few things are trivial when you are in a rush to get a hard fork out, but difficult, no.
BTW, for what it is worth, I am an IT architect and I still code in anger, and for this one, I take Abit's word for what it would have taken to avoid the consequences on the rewards.
Well what's done is done I suppose
Hopefully it's a momentary oversight and not a sign of consistent incompetence. I can tell the team is working hard and sometimes things like this can slip by you or at least make you underestimate their significance
You are milder than I am, but that is not necessarily a bad thing 8-). What irks me most is the lack of communication about this. Had they been transparent and open about this, I would have let it slide.
100% agree
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.
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!