Hi @lukestokes,
Glad to see that you have reached top 10 now, from the 77th position as mentioned in the post. With a little more effort, I can see that you can easily reach top 7. I hope you will and I'll try to make that happen. I know a lot of SP is needed to move positions as the vote value depends on the amount of SP held by the voters and not just the number of votes. Also, you have missed the least number of blocks among the top 10 witnesses which is a massive positive in your favor.
Reading this post has been a very educational experience for me. I have learned so many things about Steem blockchain and its governance structure. While I think I understan I have some questions as well. Would you please answer them?
What does the bias in price feed do? Why is it important and why most of the witnesses have set it to 0 %?
How does the APR affect users? Does it apply only to SBDs or it also applies to interest paid to SP holders and the accounts having STEEM/SBD stored in Savings?
Thank you for always linking to your old content and also the content by other users. It helps people like me to connect the dots and understand the whole system better. I think the topic needs to be discussed more and I will cover it in detail soon.
Thank you.
The price feed allows for a bias so that the blockchain can undervalue STEEM in order to print more SBD to (in theory) when the price of SBD is higher than $1. It seemed to have some unintended consequences which caused more confusion (the primary concern being the smart contract from SBD to STEEM, but that issue was resolved by removing that option from the Steemit interface). Some witnesses still support using it, but in all the discussions about it a long time ago, I remember being unconvinced it was a helpful approach.
The APR is only for SBD. It’s a tool for helping increase the desirability if SBD when it falls below $1, but since that’s not the problem we have, the interest has been at $0 for a while now.
Thank you for your answers. :)