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.
when I wrote, the BTS supply is 2580740816(reserve pool not included), so 4BTS means 1.6% annual dilution rate.
today's total avaliable budget: 305566 BTS. in which 68961(22.6%) are paide to 3 real worker and the left is for one refund worker.
4BTS means 115200 BTS daily payment to witness.
the current competition is based on voting, it is not perfect, a smart contract sounds wonderful, but it's not easy to implement. for example, one critiria of how well the witness work is the accuracy of the price feeding, how to evaluate the accuracy of price feeding by smart contract? increasing witness payment is incentive to better witness work including more accuracy price feeding, and higher witness payment will make the proxy more strict on voting from more candidates.
for payment in BitUSD, there are already many discussion on pay BitUSD for worker proposal, but one problem is how to supply enough bitUSD. no satisfactory solution up to now. and as active witnesses is a dynamic group, the number and members of the group may change now and then, it is not a big problem to just pay in BTS.
we have done some discussion and evaluation, it is not accurate but senseful, and the conclusion is:
1. to encourage the witnesses to pay senseful more cost and effort on witness work, we need at least double the witness pay.
2. the dilution that a 4BTS witness pay bring is acceptable.
this may be not a perfect solution, but it is feasible, senseful and can be implemented in not long time.