It might sound great in theory, but in reality it might be much harder to realize. Due to the blockchain size after a few years you might need a very powerful computer to host the blockchain, which isn't possible for "normal" devices. Just my 2 steem.
Anyway xeroc's libraries are always top notch. Thump up for him.
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I don't think you will need a lot of "power" to host the Steem network long-term. You will need a lot of disk space, but disks are cheap. The only difficult things for the node to do is a replay. Those currently take about 2 minutes (a joke if you conpare to other blockchain techs). Either way, the underlying technology is soooo awesome, that I don't see a scalability issue in near future.
Oh, btw, on this.piston.rocks, there are actually two witness nodes running in parallel, connected to nginx via fail-over/load balancing. That means, I can update the code and replay the one node, while still serving the traffic with the other node and vise versa :)
I read your codes and learn a lot from it. Thanks Fabian.