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RE: Witness Feed Publishing with Automatic SBD/USD Peg
The automatic peg feature is a bad idea. Dan does not recommend this, nor do I. That is just not how the pegging mechanism in Steem is supposed to work. Witnesses can bias their feed in help align the market toward the SBD=USD target, but it should be based on a broader understanding of market conditions, not just SBD/USD price itself.
I would suggest disabling it by default at a minimum, if not removing it.
I don't want to be involved in political side of things.
The intent of this post is to showcase how easy it is to build a powerful witness script on top of steemtools, as well as how to enable automatic pegging.
I hope it will be a useful resource to witnesses.
Showcases are certainly fine, but people who are not programmers are going to download your script and use it. Applying a default configuration that it configured in a manner that is contrary to the design of the system is irresponsible.
If top witnesses were so incompetent they couldn't change a setting from True to False based on their preferences, then the system IS broken.
The script can't be run without adding a mechanism for wif, which was intentionally left out for simplicity sake. The settings list is right there, and it has 3 settings.
I mostly wasn't referring to top witnesses, but to the many backups with varying technical skills (the system, by design, allows literally anyone to become a witness even via self voting). Their feed votes still count, albeit to a much lesser extent. It is a reasonable point that the script won't run at all without editing. I wasn't aware of that and negates my criticism to a large extent.