I doubt it would be worth it to run a node if the rewards got diluted to too many witnesses. Also what happens if HIVE craters to a few cents, yeah it's unlikely but not impossible.
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I doubt it would be worth it to run a node if the rewards got diluted to too many witnesses. Also what happens if HIVE craters to a few cents, yeah it's unlikely but not impossible.
Did you do the math? It would easily work out if not only the top 20 would get the lion share.
So Hive isn't likely to get any more decentralised than it is now then sounds like.
Of course the current Top20 don´t want to change to a Top 30 or 40 scheme, because their passive income then would go down significantly!
And no, Hive isn´t really decentralized, check out how many Hive the top 10 hold! At least better then with many other chains.
Yes. That's what I was getting at although I don't like to be so direct for fear of the downvote mob. 😂 I wasn't aware of the physical implications of more witnesses though although how much the chain would actually slow down if there was a top 100 v 20 I have no idea.
If the top 100 would get votes like the top 20 now, that would probably be not so good, as further down witnesses (including myself) have no backup server yet (that would double the costs). But there could be a better way than now, here is the current reward distribution:
Definitely looks like there could be a better way. Intuitively you would think that best would be a curve that sloped gradually from left to right. Or at least had much less of a drop off after the first 20. But, as you say, there's not much appetite to change it.
I think it's decentralized enough. I would rather have speed and reliability rather than 100 witnesses receiving pennies if I'm being honest. Imagine having to manually vote for 100 witnesses. What a nightmare.
Not sure. Pro and cons of both. I'm keen on true decentralisation over money but I've yet to find any projects which work well and are truly decentralised. No matter what the majority of the power always seems to end up in the hands of the few.