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General Discussion / Re: how about to raise block reward?
« on: January 31, 2017, 03:02:29 pm »
BSIP draft submitted: https://github.com/bitshares/bsips/issues/22
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Before I approve a higher pay for witnesses I demand some actions and willingness by the current witnesses to actually do more.
I dont want to pay witnesses more upfront .. neither do we pay workers upfront ..
Is there any numerical analyzes regarding financial effects of such change. It will certainly increase dilution rate. Buy what figure.
Is it going to be increased for certain amount of time or until curtain market evaluation reach.
If I may say so, there is no actual market set for witnesses. They all should compete for witness role. From recognizable names thru quality of produced blocks and price feeds, etc.. Standards of accomplishment should be rise so as the reword. Could it all be built in some kind of smart contract. Since they are payed in BTS their steady income flow depend of BTS market valuation. Probably best solution would be that
witnesses are paid in bitUSD or any other bitasset.
Those decisions should be carefully evaluated. I don't see any careful evaluation.
the poll ended, finally totally 20 for increasing to 3/5/8 BTS, 9 object and 2 for other choices.
now I tend to push 4 BTS as a compromise. hope that can be accepted by all the parties.
could you increase the network fees too?
I mean, chinese exchanges introduced trading fees, so chinese community should have no problem with adjusted fees, right?
Anyone has interest can check Steemit's 2017 roadmap: https://steem.io/2017roadmap.pdf
The section "Steem Blockchain Feature: Multi-Chain Parallelism" is related to sidechains.
in China there are DACPLAY, and a planned project YOYOW(you own your words) which is also based on graphene.@bytemaster has stated a possible solution, in which top 15 witnesses do MULTI-SIG to relevant bitcoin transactions, however "In theory the witnesses could collude to steal all deposited BTC funds."
in my words the "risk" refer to this, I don't know whether there are ways to avoid this kind of risk.
The best way to substantially mitigate this risk is probably to have known entities as witnesses. For starters, below is a list of 10 entities that might participate. And there may be other entities that I'm not thinking of, especially in China. @bitcrab?
The remaining slots could be filled by known entities outside the graphene ecosystem and/or a few of the most prominent, publicly-known witnesses within the ecosystem.
Anyway, I wonder if Dan has secretly been working on a solution behind the scenes. It wouldn't surprise me. Anything announced along these lines would be a pretty big development.
1. Steemit Inc.
2. OpenLedger
3. BlockPay
4. Transwiser
5. Blocktrades
6. Peerplays
7. BitKapital
8. BitGate
9. Chainsquad
10. Busy.org
let me repeat 3 times:I'm trying to be constructive here. Could explain why you think it's a bad idea ? I mean, why is not a good idea to use it to give back valuebto the referral program and what would be your solution otherwise.
forget to add 0.1% on treades in DEX.
forget to add 0.1% on treades in DEX.
forget to add 0.1% on treades in DEX.
We have to find some kind of agreement between eastern and western.
Repeating 3 times what you think doesn't make it a better idea nor contribute effectively to the brainstorm.