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RE: Neds Lay Off Post - Worst Case Scenario
I'm concerned there is sort of a single point of failure here: the API server. As far as I've understood, witnesses are not required to run API servers, it's quite costly to run API servers, hence api.steemit.com is hardcoded in many "dapps", if Steemit stops this service and the cavity won't be filled up by someone else, quite much of the eco system will grind to a halt.
But if the system grinds to a halt will we still be able to access our Steem @tobixen?
And . . .
Your Steem, SBD and Steem Power balances are on the blockchain, so you'll be all-right as long as you can access it somehow. My follow-up question: would a wallet-only app be relatively cheap to run since it would require fewer API calls? Paging @roelandp.
Ah. Yes. But that is my question @edb. Which dapps would still be around so that we could do that?
Your follow-up question is way beyond me but hopefully @roelandp will answer it for you.
thanks for visiting and joining the conversation. 😁
It should be theoretically possible, but then again, does it matter if the token cannot be used and if nobody wants to buy the token?
The problem with the API server seems to be discussed in the comments in Ned's post.
Very good point @tobixen. 😁