RE: Crypto News - Byteball Does a Steem Airdrop Which Results in Chain Freeze!
I think that the idea is pretty cool and it is clearly an honor also for the seem blockchain. The fact that the system has collapsed is tragic - from what I have understood this does however not really have to be a sign of missing scalability. At the moment there is not so many nodes - which is probably the problem. With more nodes the system should scale - at least that is what they claim.
I think in the end they have underestimated how many steemit accounts would participate. From my view this is most likely a result of historical airdrops to bitcoin holders. The main difference to those is however, that steeemit is also a social media platform - and people that are on steam are thus easily reachable - and like free money.
Let's see what happens - the chain freeze is obviously not a good sign - but hey: didn't we have one recently as well?
I agree with all of the points made here! You are right and I'll cut these guys some slack because they had the right idea they just under-estimated the sheer number of accounts and the viral nature of Steemit. We are a powerhouse in terms of numbers and when people see there's benefit for a little hard work they jump on the bandwagon. That's what Steemians do in general with their posts! Outstanding perspective, drop by anytime, your comments are appreciated!
Thank you for the feedback and let's hope that they get their act together quickly. It seems as if the problems result from them allowing to spend unconfirmed transactions - no clue why they did that or if that was a bug.