BitShares Forum

Main => Stakeholder Proposals => Topic started by: bitcrab on May 18, 2017, 04:10:49 pm

Title: [committee proposal]reduce witness payment to 1BTS/block
Post by: bitcrab on May 18, 2017, 04:10:49 pm: committee is scheduling to reduce the witness payment from 3BTS/block to 1BTS/block. it will happen soon.

details can be found here: https://github.com/BitShares-Committee/proposals/blob/master/170518_Witness_Payment_Adjustment.md (https://github.com/BitShares-Committee/proposals/blob/master/170518_Witness_Payment_Adjustment.md)

some relevant discussion can be found here: https://bitsharestalk.org/index.php/topic,24104.msg306298/topicseen.html#msg306298 (https://bitsharestalk.org/index.php/topic,24104.msg306298/topicseen.html#msg306298)
Title: Re: [committee proposal]reduce witness payment to 1BTS/block
Post by: Permie on May 18, 2017, 08:37:04 pm: +5%
Title: Re: [committee proposal]reduce witness payment to 1BTS/block
Post by: Thom on May 19, 2017, 03:02:23 am: Quote from: bitcrab on May 18, 2017, 04:10:49 pm
committee is scheduling to reduce the witness payment from 3BTS/block to 1BTS/block. it will happen soon.

details can be found here: https://github.com/BitShares-Committee/proposals/blob/master/170518_Witness_Payment_Adjustment.md (https://github.com/BitShares-Committee/proposals/blob/master/170518_Witness_Payment_Adjustment.md)

some relevant discussion can be found here: https://bitsharestalk.org/index.php/topic,24104.msg306298/topicseen.html#msg306298 (https://bitsharestalk.org/index.php/topic,24104.msg306298/topicseen.html#msg306298)
+5%

Will this be done before those who are attending Consensus 2017 return from NYC?
Title: Re: [committee proposal]reduce witness payment to 1BTS/block
Post by: 天籁 on May 19, 2017, 09:22:06 am: +5%
Title: Re: [committee proposal]reduce witness payment to 1BTS/block
Post by: xeroc on May 19, 2017, 12:36:18 pm: Quote from: Thom on May 19, 2017, 03:02:23 am
Will this be done before those who are attending Consensus 2017 return from NYC?
http://cryptofresh.com/p/1.10.2516
Title: Re: [committee proposal]reduce witness payment to 1BTS/block
Post by: sahkan on May 20, 2017, 02:57:03 am: This would be also a good moment to lower the daily worker budget, which now stands at about $22,000/day.
Title: Re: [committee proposal]reduce witness payment to 1BTS/block
Post by: Thom on May 21, 2017, 01:52:38 am: Quote from: xeroc on May 19, 2017, 12:36:18 pm
Quote from: Thom on May 19, 2017, 03:02:23 am
Will this be done before those who are attending Consensus 2017 return from NYC?
http://cryptofresh.com/p/1.10.2516

So once the approval weight climbs above the approval threshold, when does the rate go into effect?

I see it is still 3 bts / block but according to CF approval is 70% now.
Title: Re: [committee proposal]reduce witness payment to 1BTS/block
Post by: xeroc on May 21, 2017, 09:06:48 am: There is an expiration time after which it will go into effect AFTER the next maintenance interval