with the growing of the ecosystem, the community begin to demand more on witnesses.
one thing is price feeding, while the DEX trading volume keep on growing, the price feeding become more important than before, shorters need witnesses to provide high quality price feeding service to avoid man made margin call or force settlement transactions.
and to keep the growing network healthy, there are also requirements for witness to imporve hardware.
however, as
@rnglab has summarized at
https://bitsharestalk.org/index.php/topic,23607.msg301580.html#msg301580, comparing to the demand to witnesses, witnesses is at a very low profit and do not have enough incentive to upgrade their service, we even can see some witnesses have forgotten their witness nodes.
these are reluctant, a blockchain platform should depend not only on the enthusiasm of volunteers, but also on some business model that can guarntee the basic service to continue, and to attract new comers, we do not like the energy wasting mining of Bitcoin, but at the business model side it is effective to keep the ecosystem growing, we can learn something from the mining model of Bitcoin.
so now I propose to raise the block reward, currently the reward is 1.5BTS/block, now three options are given: 3BTS/block, 5BTS/block, 8BTS/block. each correspond to an annual dilution ratio of 1.22%, 2.04%, 3.22%, completely acceptable.
what we can forcast is, after the block reward rise, witnesses will more positively upgrade their hardware and service, more new comers will join the witnesses group and we will have a bigger node pool to choose the best witnesses. and I believe some interesting thing will happen.
I have proposed this in China community, up to now the response is mainly positive. now I propose here, hope everyone can express your opinion on this, I believe we now need to seriously consider and evaluate this proposal.
please also consider that the system has daily budget (witness+worker), today the budget is 349297 BTS, which means 12 BTS/block if they are totally paid to witnesses, and the daily budget is dynamic and shrinking if I am correct.