Sunday, September 23, 2018
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When Blockchains Go Down: Why Crypto Outages Are on the Rise
Berniesanders (not to be confused with former presidential candidate and Vermont Senator Bernie Sanders) is an institution on blockchain-based blogging platform Steemit.
Steemit allows content creators to earn crypto – at least, crypto that's native to the Steem blockchain, of which there are three – for popular posts. While recent successes include waffle recipes, romantic fiction and crypto punditry, berniesanders gets a pretty steady paycheck (about $30 at a time) for his single sentence, self-described "shit posts."
A recent sampling: "Are you having fun? I'm having fun." ($60), "I'm on a boat!" ($31), "Show me your shoes." ($30) and "How many comments can a shit post get?" ($263 and 319 comments).
But for a few hours on September 17, the Steemit community was deprived of berniesanders' wisdom.
On that day, Steemit became unavailable when Steem suffered an outage and stopped adding new blocks. The blockchain and the apps on top of it had gone dark.
CoinDesk
ReplyDeleteThis is one of the top new sources for bitcoin enthusiasts. In fact, it is the largest bitcoin news media platform in the world. The site is packed with reports and tools that break down the trends and patterns in cryptocurrency. I recommend checking out the reports on the research page.