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RE: Proposal to increase witness voting participation on Steem

in #utopian-io7 years ago (edited)

Hello @knowledges, the algorithm is actually suggested in the "Proposal" section: "propose that there is a financial reward/incentive for Steemians to participate in the witness selection process whereby the voters would receive anywhere from 0.1% to 5% (or more) of the witness' witness category post rewards as beneficiary payout rewards."

The actual % would have to be set by a Steem HF update, and it would have to be a fixed percentage for all witnesses.

On the technical side of things, there isn't much else to add since the beneficiary payout feature is already implemented, and all that needs to be done is for the witness category posts to have their beneficiary payouts set to let's say 1% and to be payed out to all of the Steem accounts that voted for them as a witness. It is all very straight forward and should be easily implemented.

And the additional witness information to be also available on the Witness voting page is a no-brainer:

"This proposal also involves adding the following extra columns to the https://steemit.com/~witnesses page:

  • Short witness biography and information with link to the witness' main blog page

  • Witness server and seed server specifications

  • Witness price feed info and missed blocks statistics

  • Witness Github contribution history

  • Witness' witness category post history and associated post rewards"

I think these changes will be implemented in the future, but what matters is when will that future become reality; in a few months or in a few years.

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