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I tend to disagree to increase witness pay, on the opposite, perhaps it's better to decrease it. Witnesses are investing into the system, they're not pure employees.
In many cases higher wage doesn't bring higher performance.
We need a HR department to review every employee's performance, including witnesses' and workers' and perhaps committee members', say, give them a basic wage, then a bonus depending on their performance.
An HR department type setup is something I have been encouraging for a while. Put the hiring, firing, management of the workers in their hands so that real measures can be done, and greater accountability.
I think the pay pressure is going to increase the need for accountability.. I think there will be less tolerance for 'lazy witnesses' after this while at the same time heating up the competition. If the objective is to get new blood, better feed data, and make being a witness something that people are striving to be best at because there is a clear reward for it, then this will help accomplish that. I think the change in the rate is going to change the culture significantly.
I vote for steem like witness payouts to attract steem witnesses.
For several months they have developed a very strong witness following. Very few have ventured into bitshares in some part due to the lack of incentives to do so. Many witneses there are skilled developers and have contributed significant apps to the steem in order to win their approval.
I believe if rewards were high we would see the likes of @arhag come back.. and other new witnesses in steem who could take some of what they have done with steem and reapply it to bitshares.
I am quite confident this could be a significant turnaround.. it does however require more communication from the Chinese. If it is an uphill battle to gain votes from the chinese proxies who control the majority of voting power then they could be turned off.
Aside from attracting new blood, this provides considerable funds to consider incorporating paid price feed data from various sources. So with this I also think it raises the bar for witnesses in bitshares to improve on what they provide. This was what I talked about recently when there was discussion surrounding the feed data.
Raise the standards for bitshares, we raise the quality and increase our value prop.
So with that, as a Committee member, at present I am supporting a raise of 8BTS per /block payout for these reasons given primarily. If you wish to also support these types of reasons, then set your vote for Committee member to Bunkerchainlabs-com.
If the increase is only a doubling or a half measure, I don't believe we will see any significant changes at all. You can't catch your breath only making half effort from being underwater. We either go all the way to effect results or not get above the water at all.
This is my current thinking on the matter. I am open to listening to others take on this and to be swayed otherwise to be shown some other amount being able to breath air into bitshares.
This Worker Proposal is for 6 months, and will include fixing Graphene Issues via github, and building the new features for the Bitshares platform and DEx that the community has been asking for.
What exactly does this mean? There is room for a lot of clarifiaction:
Issues in github? There are plenty to go for a while, which ones are planned for with what milestones?
What new features specifically has the community been asking for?
Without a clear plan for work inefficiency creeps.
Looking forward to the reply.
一件件说吧，增加交易费还远没到时候。
不光加块收入，还应该改变worker的发放流程，也要适当的加一些些交易费。
Sorry for the low response when CNY volume moved from btc38 and yunbi to other exchanges. It is fixed now.
Also I remained publishing acceptable GOLD and SILVER prices when Yahoo started to bring strange values, as I've added an Quandl API key shortly after xeroc added it as a feedsource.
Now I'm fetching GC and SI from Yahoo instead of XAU and XAG as abit suggested. I also applied his patch to derive prices across 3 markets and everything looks good.
@alt runs a bussines which depends on precise and resilient feeds. His code skills along with a real incentive, brings us a good chance to improve the way we fetch and derive external prices.
Besides that I think it would be more productive to fork and improve @xeroc script, as a way to sum the scarce resources we have on this topic.
Some conditions have to be given for diversity to be enriching, and for fair competition to exist at all. In the meanwhile, I think that cooperation is the way to go. Competition will favor aptitude and commitment only when we become able to incentivize it.
Some numbers:
- Witness reward averaged something around $200/month this year.
- Let's say a regular VPS with 8Gb RAM costs 80 USD per month, and 50 USD for 4Gb.
- That is a 150 USD reward for witnesses running just one node with only 4Gb (at its very memory limit).
- There's a 120 USD incentive to have 8Gb on just one node, with no failover at all.
- Even running two 4Gb nodes with a proper failover strategy (for ~100 USD), both nodes could easily crash if RAM becomes not enough.
Automatic fork resolution is working great, but it has not been prooven beyond our current TPS.
With checkpoints and delayed nodes, we have revived the network in less than an hour with no major consequences when forks turned into lost of consensus.
But I wouldn't like to see the network crashing just when the real action starts.
- It seems to me that having two 8Gb nodes per witness, with failover able to identify and move away from minority forks (when possible with just two nodes), are the minimum technical requirements to handle the upcoming network growth. That means a reward of 40 USD per month at most.
Add seed nodes and the time required to constantly check and fix feeds, having everything up to date and the need to remain informed in a daily basis.
That means good withesses working at a loss, while icentivizing poor performance for a proffit.
This also brings another concern to me: as many good neutral witnesses lack of incentive or resources/time despite they good will, it drives business to run it's own witnesses given their need to have reliable feeds.
I see a flaw here: business tend to have more resources, voting stake, reward incentives and thus good performance , this raises their motivation and chances to have many witnesses voted in.
As business models may disagree about market parameters that are defined by feed producers, this could lead to unfair competition or other undesirable behavors, specially now that new/unknown players are steadily arriving.
This is one of the reasons why witnesses, committee and proxies were planed as independent powers.
I'm not pushing to rise block rewards here, nor discouraging our most valuable witnesses who also runs business over bitshares.
I still enjoy being reliable and helpful as a witness, rewards aside, and I'm glad to see this debate going on in a constructive way, finally.
Just want to sumarize some facts I see.
At this point we really need a good balance between competition and collaborative work to make network and market more stable and to reduce the entry barriers.
There are rules to being able to qualify for election for president. It is not ruleless. In the above however this is being conflated with electioneering. Before they even get into the game, they have rules to follow and know what can and cannot be done. There are laws. Witnesses have nothing but the whim of some people who have no clear guidelines, rules, or to compare to running for President of the USA, laws, that they can then follow to become a candidate.
You want competition to be a factor, then there has to be a playing field that has rules and/or guidelines that can be followed and considered.
