Dear Thom,
the worker pay is as high because of it asking for 2.5x the actual pay so that bitUSD can be borrowed if not available to buy. This means the payment will by far not on full end up in my possession.
Also, I don't have any trouble with increasing witness pay and actually just now approved the 3BTS proposal of
@bitcrab. The point I was trying to make is that I don't like to throw money at witnesses that
do their job now with the pay they get. If we increase pay, I do expect improvements one or the other way.
Since I realized that I can remove my support also from witnesses if they don't show their passion, I realized I can indeed support an increased payout for witnesses.
Committee has a Telegram group that is used to coordinate. A proposal needs to last a couple days at least which should give every committee member enough time to approve or comment on his disapproval.
If a committee member doesn't vote and doesn't comment, he should be voted down.
For a social perspective, is only possible if one of the vote-workers crosses the burn worker, however, I think we should eventually come up with a more granular social consensus about when a vote-worker is considered "approved" or not ..
Hope that answers your questions.
After reviewing your worker proposal and seeing the level of pay you're requesting, I'm really surprised you're so bearish on the witness pay issue.
I NOT saying you're not well worth every cent of the $4K monthly pay you're requesting, in fact I also see a benefit to liquidity using your new worker proposal scheme. PLUS I think BitShares will GREATLY benefit from the resulting work on the uptick interface.
Since you are my proxy my formal support is inclusive as well as "verbally" explicit here. I would hope that you will reconsider your position on witness pay. What is the process for that? I know it's up to committee, but is there a regular meeting or call for votes on changes or is it ad-hoc whenever the committee feels a formal vote / parameter change can't wait any longer?
When will an increase in witness pay be formally put to a vote by the committee?