Author Topic: how about to raise block reward?  (Read 21308 times)

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Offline Thom

Re: how about to raise block reward?
« Reply #45 on: February 08, 2017, 04:39:06 pm »
First of all, my apologies if I have offended anyone. I tend to get rather passionate, especially when I feel the discussion is sequestered. It's not really, but participation is difficult on Telegram as I said. IMO I believe all of the details discussed on Telegram should be done more here rather than there

Sorry [member=21490]Thom[/member] I didn't know you were expecting a reply from me. You had stated your case, and I stated mine, so I figured there was no sense in me spending any more time in the discussion. Sorry man, was not trying to avoid you or anything, have just been very busy.

Second, to [member=30868]kenCode[/member], please don't misunderstand what I've said as any disrespect for you. My language may not have adequately conveyed that. We do differ on our perspective on this issue, and I wish you had the desire to discuss it more here, but I understand you're very busy and apparently you find Telegram more efficient for managing your time. You're right, in that we both have presented our perspectives, and it's clear we differ on this issue. I just wished you explained your position better here concerning the expenses, labor and profit running a witness. As I said, I don't see it as a viable business anywhere but the poorest of economies. Nuf said, no need to repeat myself.

Thanks [member=21490]Thom[/member] for what you have done as witness, but anyway please calm down.
many discussion happened in Telegram as it is an instand messenger so many people like the convenience, however it is just discussion, to make decision we always need open discussion and voting.
I have also considered 5BTS or 8BTS as an option, after some open discussion and the poll I decided to propose 4BTS. then I found many shareholder prefer 3BTS, I think it is good to let the community select from no change, 3BTS and 4BTS by voting, that's what had happened.
now 3BTS get most support, however we still have 9 days for voting, 4BTS option still has chance to win. if you believe 4BTS is better, you can try to talk with proxies to get support from them.

Third, thank you [member=23]bitcrab[/member] for your kind words, they are greatly appreciated. I also appreciate your efforts to wrangle this discussion into something productive that will help BitShares to move forward and not gradually fade away. It's not easy to achieve a consensus and I see you as being right in the middle of bridging the gap between the east and west. We both want BitShares to be successful even if our motivations and cultural perspectives differ. As for 3, 4, or whatever witness pay option is best, I will let xeroc make that decision for me. I believe 3 will be a good first step, and we can see what that achieves.

I like what I've seen [member=39182]tbone[/member] contribute to this issue as well, and think increasing witness pay is not adequate alone. If the consensus is to increase witness involvement and quality, we also need to establish some standards to measure witness performance and to quality new witnesses prior to them being voted in. Voter apathy is an obstacle for both adding new witnesses as well as removing them, so pre-qualification would be one way to address that problem.
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech2 Witness Reports: https://bitsharestalk.org/index.php/topic,23902.0.html

Offline Chronos

Re: how about to raise block reward?
« Reply #46 on: February 08, 2017, 11:34:21 pm »
Thank you, Bitcrab, for creating the workers to collect voter sentiment on this issue, paying the fees at your own expense. We appreciate it.

Offline Brekyrself

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Re: how about to raise block reward?
« Reply #47 on: February 14, 2017, 01:11:34 am »
There has always been talk about adding additional price feeds such as stocks.  If we raise the block reward what about requiring these additional feeds?  Being able to play with stocks would be a nice incentive to use BitShares!

Offline xeroc

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Re: how about to raise block reward?
« Reply #48 on: February 14, 2017, 08:01:02 am »
There has always been talk about adding additional price feeds such as stocks.  If we raise the block reward what about requiring these additional feeds?  Being able to play with stocks would be a nice incentive to use BitShares!
Creating indices for stock (market pegged asset) is a business opportunity and can make the issuer a profit from trading fees. Thus I would think that it should be in his interest to set his own feed producers (which he can) and pay them for the service of providing an accurate feed
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Offline tbone

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Re: how about to raise block reward?
« Reply #49 on: February 14, 2017, 02:29:16 pm »
There has always been talk about adding additional price feeds such as stocks.  If we raise the block reward what about requiring these additional feeds?  Being able to play with stocks would be a nice incentive to use BitShares!
Creating indices for stock (market pegged asset) is a business opportunity and can make the issuer a profit from trading fees. Thus I would think that it should be in his interest to set his own feed producers (which he can) and pay them for the service of providing an accurate feed

I think [member=92]Brekyrself[/member] was referring to adding additional network-issued MPAs and expecting/requiring witnesses to provide feeds for those assets in order to help justify higher pay. 

I like this idea in theory.  But unfortunately there isn't enough focus on liquidity, so I'm not confident we're making enough progress on that front to expect additional MPAs will ever become viable.
« Last Edit: February 14, 2017, 03:03:31 pm by tbone »

Offline xeroc

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Re: how about to raise block reward?
« Reply #50 on: February 14, 2017, 06:29:56 pm »
There has always been talk about adding additional price feeds such as stocks.  If we raise the block reward what about requiring these additional feeds?  Being able to play with stocks would be a nice incentive to use BitShares!
Creating indices for stock (market pegged asset) is a business opportunity and can make the issuer a profit from trading fees. Thus I would think that it should be in his interest to set his own feed producers (which he can) and pay them for the service of providing an accurate feed

I think [member=92]Brekyrself[/member] was referring to adding additional network-issued MPAs and expecting/requiring witnesses to provide feeds for those assets in order to help justify higher pay. 

I like this idea in theory.  But unfortunately there isn't enough focus on liquidity, so I'm not confident we're making enough progress on that front to expect additional MPAs will ever become viable.
And thats why it is a business opportunity. Someone willing to work on providing liquidity for his own market pegged asset can make a profit from trading fees ... committee owned mpas dont have a market fee and no one that benefits from marketing them (except for outside fees)

It could make sense (some day in the future) to set a trading fee for mpas aswell and use that money for marketing those mpas .. but imho if we did this today, we'd probably kilm the volume we have or at least make the spread even bigger :(
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Offline Brekyrself

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Re: how about to raise block reward?
« Reply #51 on: February 15, 2017, 02:51:39 am »
There has always been talk about adding additional price feeds such as stocks.  If we raise the block reward what about requiring these additional feeds?  Being able to play with stocks would be a nice incentive to use BitShares!
Creating indices for stock (market pegged asset) is a business opportunity and can make the issuer a profit from trading fees. Thus I would think that it should be in his interest to set his own feed producers (which he can) and pay them for the service of providing an accurate feed

I think [member=92]Brekyrself[/member] was referring to adding additional network-issued MPAs and expecting/requiring witnesses to provide feeds for those assets in order to help justify higher pay. 

I like this idea in theory.  But unfortunately there isn't enough focus on liquidity, so I'm not confident we're making enough progress on that front to expect additional MPAs will ever become viable.


Exactly this, have stocks themselves be the same concept as BitAssets (BitUSD, BitEuro, Etc...).  There has to be a wide variety of proper price feeds all over the internet?

Sure liquidity would hurt short term but this would provide another angle for traders besides Forex.

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Re: how about to raise block reward?
« Reply #52 on: February 21, 2017, 12:51:42 pm »
BitShares now pays 3BTS (2x increase from previous 1.5BTS) per created block!
http://steem.link/TfdDV
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Offline mf-tzo

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Re: how about to raise block reward?
« Reply #53 on: February 21, 2017, 01:38:07 pm »
I am sure now the service will be improved...lol..If nothing changes to the service provided and feeds are wrong again I hope that you guys consider to go back to the 1.5bts and fire some bad witnesses..

Offline kenCode

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Re: how about to raise block reward?
« Reply #54 on: February 21, 2017, 03:18:26 pm »
I am sure now the service will be improved...lol..If nothing changes to the service provided and feeds are wrong again I hope that you guys consider to go back to the 1.5bts and fire some bad witnesses..

 +5% +5% +5%
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Offline abit

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Re: how about to raise block reward?
« Reply #55 on: February 25, 2017, 02:49:01 am »
I am sure now the service will be improved...lol..If nothing changes to the service provided and feeds are wrong again I hope that you guys consider to go back to the 1.5bts and fire some bad witnesses..

 +5% +5% +5%
Line'm up, I'm happy to do the firing.
Where there's a slacker, I can always find 10 others hungry to prove themselves.
Better get the 10 others here sooner than later.
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Offline Methodise

Re: how about to raise block reward?
« Reply #56 on: February 25, 2017, 03:31:44 am »
My delegate is in embryo. But she's a beaut.

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Offline alt

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Re: how about to raise block reward?
« Reply #57 on: February 25, 2017, 04:37:14 am »
I doubt there are more person who want to join.
I'm very surprised  even business team such as  openledger or blockpay don't interested in these things.
no vote proxy, no community, no witness.

Offline abit

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Re: how about to raise block reward?
« Reply #58 on: February 25, 2017, 03:10:42 pm »
I doubt there are more person who want to join.
I'm very surprised  even business team such as  openledger or blockpay don't interested in these things.
no vote proxy, no community, no witness.
So, increase the pay more?

The harder you beat current ones, the less new ones will come.

Think about carrots v.s. sticks.
« Last Edit: February 25, 2017, 03:12:57 pm by abit »
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Offline alt

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Re: how about to raise block reward?
« Reply #59 on: February 26, 2017, 05:48:53 am »
increase  pay more? are you kidding me?
tell me how much pay will delegate.btsnow give the feed price?
and I want to ask xeroc why you vote for this witness but not witness.yao, xn-delegate?

Code: [Select]
Recent activity (export to .csv)
OPERATION INFO
TRANSFER
delegate.btsnow sent 35,999 BTS to btsnow
last year - 42.10936 BTS
CREATE WITNESS
delegate.btsnow was upgraded to become a witness
last year - 5,000 BTS
CLAIM BALANCE
delegate.btsnow claimed a balance of 1.52398 BTS
last year - 0 BTS
CLAIM BALANCE
delegate.btsnow claimed a balance of 41,039.91616 BTS
last year - 0 BTS