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RE: Hive: Growth Versus Security

in LeoFinance3 years ago

It should be there but maybe changed so it would not require an HF to adjust. Like the HBD interest rate, witnesses could signal the fee rate.

So in case of an attack, it would be another tool under the witness's belt. If it all feels secure, they can drop it to 0 or close to 0. If the chain is threatened they could hike it up to 5% or even more.

It seems like a reasonable solution, but I haven't given it a deep thought.

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You bring up a good point. Witnesses having the tools when a threat is there is what is really crucial. They might not have to be in place all the time. With the situation regarding Elon and Twitter, perhaps a poison pill of sorts. The Witnesses can defend the chain if the attack shows.

Of course, that is if there is time. That is one thing some of the latest additions did, provided time. Like the 30 day lock before powering up gets governance. A big move can be addressed.

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