Greetings fellow Steemians,
with the upcoming Steem Proposal System HF (no date set yet) and possible inflation-models, in addition with the EiP, many discussions have been sparked inside our community, which is a good thing.
We need different opinions from vested Steemians to make sure we're looking at things from all sides. We can't be blinded by yes-sayers and ignore constructive criticism. However, these discussions can also go out of hand, resulting in endless discussion, without any actual changes. And that's bad.
Getting things done? Yes!
Because we're currently at a point in time, where it's more important than ever, that we're getting things done. I'm not sure what will happen on June 1st with MEOS, but one thing is for certain: it won't get easier for Steem.
On the contrary, I'm quite certain that more and more technologically advanced competitors will pop-up. Time is simply the enemy of already existing technology and Steem is not an exception. Besides that, it's also statistically much more likely for a cryptocurrency to fail than to succeed.
Before you might get the feeling I'm trying to create FUD or bad energy, rest assured, I'm not. Instead, I'm trying to be as honest and transparent as possible about the challenges Steem might (probably) face.
And as someone, who is heavily invested in Steem, I want Steem to be victorious. This mindset is driving my actions and thoughts on the future of Steem, especially as a Witness; which brings me to the key point of this post.
Security, Prosperity and Innovation for Steem
Every decision I make and action I take as a Steem Witness has the vision of thriving for the attributes you see above.
I can very much understand that the changes (incl. SPS & EiP) sound risky and might also overwhelm some of you. But that doesn't have to be.
The main priority of a witness is about securing the blockchain by signing blocks, which is what stakeholders are primarily voting for. Or in other words: stakeholders are entrusting the witnesses they vote with securing the blockchain and being a good actor/person.
My Mission
Besides securing the blockchain, stakeholders are also entrusting witnesses to make correct decisions in accepting/declining hard-forks. This, of course, doesn't mean stakeholders should blindly trust witnesses.
It's important for stakeholders to still come to their own conclusions and un-vote witnesses in case they don't trust them anymore. Which means: if you're voting for me and think I'm not doing a good job or you have concerns, then let's have a discussion. I'm always open for constructive discussions, but in the end, I as well have to trust in my own wisdom. And then it's on you, whether you trust my judgement or not.
I would like to finish this post with a small statement:
My mission as a Witness is to be someone you can trust in making the right decisions for a prosperous Steem future.
If you're invested in Steem (or are going to) I have your best interest in mind. (This also includes small planktons and minnows, because if the big guys have no incentive to keep their Steem, why should the small guys want to get big anyway?)
We're all in this steeming ship together, some more than others, and I will not let it crash - not on my watch!
All the best,
Wolf
Do you believe that my work is valuable for Steem? Then please vote for me as witness.
As with every amazing thing in this world, Steem also has its own problems; but I sincerely believe it should succeed in the long run.
Posted using Partiko iOS
Investors, developers/businesses, users. All these are important for Steem, but what do you think is the highest priority now, and why?
Those are all very important groups. Right now, empathise should be on retaining stakeholders and incentivizing people to buy and hold Steempower.
Sheetz!! this looks like a nut very hard to crack. };)
Witnesses have expenses (such as servers, etc.) that need to be paid. No need to create FUD, but the author of said post is a nut-case herself, so nothing new there.
Yep, I noticed he's not a very popular author. But nonetheless, I've also found pretty coherent arguments within his tirades not so easy to refute. That's why I've used the link toward his post like a relevant remark to ponder further & better about that 'retaining stakeholders' pointing mark in your post. };)
Witnesses and stakeholders have made all the decisions that have placed us here.
So, they should take the paycut they've earned.
{ Steem Proposal System HF no date set yet} when do you think this will happen? weeks, months?
Max 1-2 months is my estimation. Maybe a bit less, it depends on how much time we want to give exchanges & co. to get their nodes ready.
Didn't the last interview with Eli put this in mid-June?
Shhhhh.
The SPS is ready for implementation, but it's about giving exchanges and other providers some puffer-time in order to get their nodes updated.
Hurry up! I'm getting restless, irritable and discontent. Starting to downvote myself! hmm maybe i just need to go to a meeting
during the last Witness Chat in the Ramble it was mentioned by the Steemit Inc reps they are shooting for June 21st for the next HF. BTW, the next Witness Chat is June 12th at 1pm EDT / 5pm UTC
Is there an update to how the Steem proposal system will be funded? Last I heard, Steemit Inc had somewhat gone back on their initial promise to fund it or at least short term fund it. Is that still the case?
If there is no long term plan to fund it through inflation or otherwise, I fear it will not be as successful as it should be. I really think it is important for the success of the chain. Like you said, we need to continually keep up with other startup chains, etc. Tapping into the Steem community to get stuff done if an absolute must in my opinion and move us more independently away from Steemit Inc.
What are your thoughts on this?
The initial idea was for Steemit Inc to fund with 6M STEEM. I'm not sure what exactly happened, but right now the SPS will be funded with 200k STEEMfor the start as a test.
I do think they will fund it afterwards with some more, but the idea is to redirect some of the already existing inflation towards the SPS. There were already a lot of discussions between witnesses and other stakeholders on what the best inflation source is and it seems that the majority (incl my vote) is for redirecting 10% of the rewards pool (author & curation) towards the SPS. (Nothing set in stone though)
Yes! People generally need structure and since Steem has a lot of decentralised leadership, the SPS will be a great tool & asset.
Awesome. Thanks for your detailed reply. I like the idea of redirecting 10% of the rewards pool toward the SPS. On face value, many will think that seems really high but imagine what could be accomplished in such a short period of time with that amount of Steem. Oh, it would be glorious. I would rather get less rewards but the price of Steem start to increase again and get more people and companies on the Steem blockchain.
Not that you need it, but you just got my witness vote.
Funds for the Steem proposal system which will pay individuals or comapanies to do work on behalf of the Steem blockchain. Someone has to pay for it.
Wr are open source, people should work to make their stake more valuable by bettering steem regardless!
Well at least I stopped delegating to the bidbots. O.K. Fine, I will stop vote buying and power it up instead. Starting now. (I did just throw a few bucks at the bidbot earlier), I quit this time for real! Cold Bid Bot Turkey! But you know what, this new deal will save me Time, all that bid bot buying was too much extra clicking, very unhealthy! Thanks for the good idea!
The Steem proposal system (Steem.DAO) is something that blocktrades developed and can first be seen here:
https://steemit.com/blocktrades/@blocktrades/proposing-a-worker-proposal-system-for-steem
The idea is to have an automated system built in the chain that anyone can “propose” something for funding. Then if enough stake holders vote for it, it will receive funding.
It’s a mechanism used on many blockchains and can fund community development, marketing, PR, or whatever the proposals the community brings forward.
It’s been discussed in line with the Steem community foundation since January. Blocktrades finished the code and now the Steemit devs have been preparing to merge it. This was the reason for scheduling HF21. Funding was still something that needed to be decided through, which is one of the current discussions.
I hope that helps clear it up.
Oh no, they will continue that. hopefully so other things can get done without total dependence.
Based on how this is going, it doesn't look like it.
Vote of Trust buddy... very well stated and I don’t think that even hinted at FUD at all!
Good to know we got a couple solid witnesses out there!
Posted using Partiko iOS
Hey @therealwolf - you are not creating FUD - the problem of VOICE is definitely a serious one. First impression of most people is though, that it isn't appealing - design and name of VOICE are not really amazing. But anyways, I think many EOS people will get in and B1 will do a lot of advertising. So actually Voice could be a success over time...
Therefore it is awesome that peeps like you try to do the best for STEEM and I am convinced, that it came to stay. Despite the whale-wars and other stuff which was going on here, the platform has potential and good base of devs.
Followed!
Thanks for the assurance on not to give up on Steem.
I just voted you a witness few minutes ago.
Thanks @therealwolf
Posted using Partiko iOS
Thank you!
Many witnesses are yet to declare their long term goals as a witness, or atleast update their voters of their continuing efforts and projects. 👨🏻💻
Posted using Partiko iOS
I have trusted you as a witness and continue to do so. I am interested in info about Meos but can't find much anywhere. I don't own eos at this time. I'm 100% in steem and that's a bit scary.
Thank you. Yes, that's a bit risky. Diversification is important.
You have faith and keep pushing to make this blockchain a great place.
Posted using Partiko Android
EOS won't hurt steem it will help it with the steemit2.0 income.
I liked your last statement about not letting the steeming ship crash, but it left me worried too. Are things looking bad?
Come for the picture stayed for the article... but still never heard anything about the picture
EOS didnt kill STEEM, meos wont kill steemit
Posted using Partiko Android
Nobody really knows what the impact of the EIP will be, despite how many prognosticators are out there calling it one way or the other. I think the EIP is analogous to Monero changing their hashing algorithm to stay ahead of ASICs. In the short term it's going to disrupt a lot of people who have become comfortable exploiting the system as it currently operates. In any case, it will create one more data point. I'm not sure how you could create them otherwise. Back to that same analogy, it sucks that there's no test net for human reaction to monetary and social incentives, as there would be on a traditional blockchain. It would make sense to try to identify the potential abuses under new regimes, and have mechanisms in place to minimize them prior to rollout.
You are definitely one of the more serious and productive Witnesses that we have on this Blockchain and I really appreciate your efforts.
What is your take on the new EIP proposal?
I'm not in favor of this ever changing discussion about the reward curve structure and this is my take on it.
Any thoughts about this?
is something planned to create accounts cheaper and faster? I ask, because nobody will build a super duper Dapp, where it is impossible to create 5k/10k accounts a day cheap and fast.
Fixed price of 3 Steem is not smart too imo.
With the RC, i dont think this is the best way to do it.
Btw, i think you do a good job as a witness.
New HF sounds overall good.
Hi, @therealwolf!
You just got a 0.34% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
How life should be
Posted using Partiko Android
how will this new EiP changes affect new users and users with 100-500-1000-2000SP?
do we want more people on the platform and do we want them to stay?