felixxx Witness Update 2017/06/18

Ready for HF 19

I just finished upgrading to v0.19.0 and I'm thereby ready for the hardfork.

( Tue, 20 June 2017 15:00:00 UTC (11:00:00 EDT) ).

I've signed the first block with the new version some moments ago.

For the update, I had to shutdown my witness to not miss any blocks while upgrading the server. Reindexing and replaying all blocks took a bit longer than I had expected, but all went well in the end.


I signal:

  • 0.5 STEEM account creation fee
  • 0% interest rate on SBD
  • no bias
  • 131,072 Bytes blocksize

I manage my pricefeed with conductor.
https://github.com/Netherdrake/conductor

My node has been operating smoothly for 2 weeks and I missed 0 blocks.


Some quick thoughts on HF 19

https://github.com/steemit/steem/releases/tag/v0.19.0

There are two main changes with HF 19

  • Linear Rewards

This topic has been discussed widely and I support the change.

  • Increase Vote Impact

This has not been discussed at all.
Like many others I don't really like this change.
There is no way to measure or analyze the impact of the changed reward curve, when we change the vote impacts at the same time.
I fear that with fewer votes per day, the incentive to vote outside of the usual circles will shrink further.
I see the same authors bagging in big rewards with every single post.
Given that this hardfork was labeled 'Equality', I don't think it will achieve its aim.
I fear the opposite will happen.

With the new hardfork, the infamous experiment will end and the whales can start voting with full force again. Many of them didn't seem to bother much with curation before, but just auto-voted for their favorite authors, creating inequality.

We will see how these changes play out ...

It's hard to predict, but I hope some whales take it on them to fight collusion.

I'd like to cite the Steem Whitepaper

[...] In fact, honest large stakeholders are likely to be more effective by policing abuse and using negative voting than they would be by voting for smaller contributions.


Let's hope for the best ...

Thanks to all the people, who voted for and support my witness !

You can vote my witness @felixxx here:

https://steemit.com/~witnesses

If you have any questions, or a nice project I could help sponsor, please contact me here:

https://steemit.chat/direct/felixxx

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