RE: Witness Earnings Weekly Report - 2020-06-15

[udow]

Quite interesting report.
My question to you: How you stand to the witness voting system and the fact the the top-20-witnesses earn much more than the witnesses from 21st place on ?

Comments

[quochuy]

It's a tough question. Being outside of the top 20 I would definitely appreciate if my earnings were higher but I just see it as the top20 being managers with higher salary, because all 20 of them have the same responsibilities, they share the same salary so we can't really gradually lower earnings from the #1 witness to the #20 and so on both top 20 needs to have the same rewards. However, maybe things could be better for the lower ranked witnesses and to achieve this I can see two ways:

1. Increase their rewards without touching the rewards of the top 20 but that means increasing the global witness rewards off the reward pool which is a no go.
2. Decrease the rewards of all top 20 (still keeping each of them equal) and spread the extra to lower ranked. But this also has issues: when Hive price goes down low, the earnings of top witnesses wouldn't be enough.

So personally, I don't think there is any viable solution yet.

[udow]

OK - so what you think about the following solution:

Increase the blogs for the backup witness from 1 to 2 every round.

Effects:

1. For the top-20-witnesses: They earn every 66 seconds the same amount what they earn in the moment every 63 seconds - so they loose not really much I think.

2. For the backup-witnesses: They earn every 66 second double amount what they earn in the moment every 63 sesonds - so they earn nearly double.

[quochuy]

Increasing rotation for backup witnesses is an interesting idea to explore