You are viewing a single comment's thread from:

RE: Pimp Shit - PIMP v3.2

in Paper in my Pocket • 3 months ago

Nice of you to say such nice things! :)

Also nice to meet you. I have been around the chain for seven years now, in many high visibility roles in the past. Took a break for a bit for real life stuff, but now fully back in the saddle again!

If you are keeping up with your witness votes, I would hope you will consider my witness @PolleNation - a partner/team witness co-founder @EngineWitty and myself.

untitled.gif

3 months ago in Paper in my Pocket by
$0.00
    Reply 4
    Sort:  
  • Trending
    • [-]
     3 months ago  

    I gathered as much with all the "welcome backs" I've seen. Pffft, "real life", who has time for that I'm tryin to stake PIMP ;)

    Yep, got both witnesses voted. Are witness votes stake-weighted or simply yes/no regardless of HP?

    $0.00
      Reply
      [-]
       3 months ago  

      witness votes are stake-weighted. It's really the top level reason for stake at all, since this is a DPOS - Distributed Proof of Stake based blockchain, all governance matters are decided by the top 20 witnesses, who achieve that position by being voted there by accumulating the most cumulative, added up people's stake in the form of their staked votes.

      You can sort of see how this works out by looking at the data on this page, and seeing who votes for who and how much stake they have total supporting the witness and how much stake support the witness has in total.

      This is why its CRITICAL for the minnows to vote enmasse as cumulatively their voices add up and matter.

      A million and one 1hp minnows can overvote the single whale with 1 million hp by being 1hp higher in total voting power together, that 1 hp makes the difference.

      You can also search for more about how witnesses and votes work on hiversearcher.com

      $0.00
        Reply