We might need to do an emergency HF for a single item, @chibuzorwisdom shared in witness Discord that Bittrex Global are shutting operations and hold approx 21 mil unclaimed Blurt, the keys could fall into the hands of engineers and extracted, leaked etc or, used to vote on hostile witnesses to break the chain, dumped on market, depending who gets hold of the keys. It could be none of that happens but you can bet once the withdrawal window is closed they will go wallet by wallet and empty what’s left. Please discuss this and share your sentiment on an emergency HF to burn the Bittrex funds.
RE: Initial Community Roadmap for the Blurt Blockchain
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Initial Community Roadmap for the Blurt Blockchain
Let's not give in to panic; on December 4th, only trading will be halted on Bittrex, and it will take several months before its definitive closure.
Given that the BURT airdrop to its customers was not honored, it's highly probable that the keys are still the same as those for HIVE and STEEM, which consequently have more to fear than we do.
Moreover, 21 million BLURT is not sufficient to take control of BLURT. I would estimate the risk to be between 100 and 125 million BLURT, thanks to your courage in modifying the way Blurt Witnesses are elected. I am truly grateful for this.
The same logic applies to any dumping: given the actual volume on the exchanges, it would probably only lead to a flash crash, with the winners being those who picked up BLURTs almost free of cost.
Considering the positive feedback received for the HF09 roadmap, I believe it could take place concurrently, perhaps even incorporating BIP 0015 into HF09, especially since I haven't seen any arguments against this BIP.
Nevertheless, if you still wish to proceed with an emergency hard fork specifically addressing the Bittrex situation, you have my preliminary approval.
I must admit, I was quite saddened to learn about the end of Bittrex, an exchange that faithfully accompanied me for over 6 years in my crypto hobby, encompassing mining, masternoding, and more.
I would only agree to such an emergency HF if the stake of Bittrex would kept safe in case of reclaims by Bittrax.
Could you expand a little on your thoughts on the subject? How do you view the BLURT wallets of exchanges that have not forwarded the airdrop to their customers? Normal wallets like any other Blurtian, as an extension of the exchange on the blockchain, something else?
Thanks for your advice!
As I have now read, this is the stake that came about through the Blurt airdrop and which Bittrex should actually have distributed to its Blurt customers.
If this is the case, I withdraw my objection.
it is better to be proactive. Don't wait for the official announcement and then see what happens. For this case I agree to at least have on the table a possible HF that is related to the possibility that this exchange may close, stop trading or become inactive.
Regards
As I mentioned in my last reply below in the thread, is a big concern and should be addressed promptly, I will support this special case for the HF.
I support this, it needs to be done as soon as possible.
It's crazy what is going on with Bittrex. These companies got sued into oblivion. If you feel it is is necessary to keep the unclaimed Blurt out of the hands of people who will just dump it in some liquidation of assets situation.