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RE: Blockchain Update 2: HF20 Progress & Bandwidth Changes
There's no competition. Decay had been discussed for HF16, but I believe it has security risks involved. Either way, it needs some solution, witnesses are doing nothing for Steem right now.
I would also recommend cutting the witness voting to 5 witnesses. There's no reason to vote for 30 witnesses; it'll force people to think and vote for the very best witnesses.
Cutting to 5-10 votes would also limit collusion/friend possibilities to lock up the top 20-30 positions.
I agree with you almost completely about the witnesses.
Will the change in rewards be retroactive?
If I just got 2 big votes immediately after posting comments, and HF20 will be enacted in less than 7 days, will it mean that the votes that I got will be returned to the reward pool?
What is the 15 minutes instead of 30 minutes and what is a reverse auction?