Right. It is more akin to stock options than a salary or fee for service, because it is tied to the future value of Steem and can't be cashed out (more than 1% per week). This is a good thing because it means the interests of witnesses are aligned with the interests of Steem in terms of long term value (and increasingly so as witnesses are more vested). However, it does mean that you can't reasonably say to witnesses, "You are being paid all this money, so you better go and spend it every week" because no one is receiving that in actual, spendable, payments. Expecting strong qualifications, competence, engagement, attention and effective representation are entirely reasonable expectations however.
Right. It is more akin to stock options than a salary or fee for service, because it is tied to the future value of Steem and can't be cashed out (more than 1% per week). This is a good thing because it means the interests of witnesses are aligned with the interests of Steem in terms of long term value (and increasingly so as witnesses are more vested). However, it does mean that you can't reasonably say to witnesses, "You are being paid all this money, so you better go and spend it every week" because no one is receiving that in actual, spendable, payments. Expecting strong qualifications, competence, engagement, attention and effective representation are entirely reasonable expectations however.