How does it look like 48 hours after HF17?
On the list of 100 witnesses sorted by approval, there are top 19 spots for so called "active" witnesses that are scheduled every round for a block production.
Their role is crucial for the Golos security and reliability.
Witnesses are chosen to be the guardians of the consensus and reliable block producers.
A good thing is, that there's a really high approval for "active" witnesses, starting with exceptional 36.78% approval for @arcange (congratulations on that!).
As a comparison, on the Steem platform, top1 witness @jesta has less than 20% approval.
On Golos, even the lowest rank among top19 witnesses - @litrbooh - has more votes supporting him than top1 on Steem.
That is really great and I wish we will achieve that on Steem someday.
But that's all of the good news here.
6 among active witnesses have outdated price-feeds and nobody seems to care about that, not to mention that outside of top19 is even worse.
Why you, as a Golos user should care about that?
Because you are voting for them and you should expect them to do their job right.
Outdated price-feeds can affect your payouts and in the long run GOLOS/GBG prices, not to mention its reputation as a currency.
Another issue is that within top100 voted witnesses, there are only 40 that are capable of block production.
On Steem, there are 82.
That number itself wouldn't be a problem, 40 reliable block producers is enough for a healthy platform.
Unfortunately, that combined with the fact that significant amount of them are unable to provide a price feed,
or that disproportion among 20 runner-up witnesses is over 42x (on Steem less than 3x), makes this whole situation alarming.
And I'm not even analyzing amount of decentralization, i.e. case when one entity is running more than one block producer.
Yes, I know, I'm complaining a lot.
But it looks really bad.
What might surprise you, is that it is not a fault of witnesses!
It's the users who failed to enforce high quality standards and are voting for witnesses regardless of their engagement.
Or not voting at all.
Use your Golos, make a good choices while voting for witnesses
Approve those witnesses that you think are worth it.
Which of them are? You have to decide by yourself.
- Make sure you are not voting for those witnesses who are disabled for a long time (greyed out). It would be a waste of your vote.
- Make sure you are not voting for those with outdated price feed, although sometimes it might be just a temporary issue.
- Check their "witness url", usually it should lead you to their introduction page when you can get more info about them.
- Try to find out what they are doing for Golos as a platform. Sometimes that might not be obvious.
Not always the most talkative guys are best for the platform when it comes to maintaining infrastructure, but also just a running a witness node might not be enough.
Check if they are providing seed nodes. Maybe API nodes? Maybe running other services? Maybe involved in development or spreading a word about Golos?
You're telling the right things, but we have a little problem: big stakes, generally concentrated in the few hands, so even a troop of dolphins couldnt mightily change witness list.
You damn right, top witness have to fix their pricefeed scripts!
what a positive feedback after all
Ваш пост поддержали следующие Инвесторы Сообщества "Добрый кит":
vadbars, arystarch, vika-teplo, amelina.elena, kertar, ifingramota, brainmechanic, rastabandito
Поэтому я тоже проголосовал за него!
Узнать подробности о сообществе можно тут:
Разрешите представиться - Кит Добрый
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Инструкция по внесению Инвестиционного взноса
Вы тоже можете стать Инвестором и поддержать проект!!!
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Поддержите нас:
I just want to know how they got sold the bill of goods that is linear rewards.
Nobody was willing to keep the whales in line, or what?
The whale experiment was working.
The minnows mattered in the math and the price pressure from better adoption would have rewarded the whales the most.
As it is now on steem, 9.3 out of 10 new users tell us to take our game and shove it.
800k people bad mouthing steem as an insider's coin cant be helping the price.
The n2 was there for just this reason, but only abit and smooth had the balls to stop the reward pool from getting raped.
Its a damn shame what the greedy did to the coin.
Now theyve done it here, too.
Smdh.
Well.. it's all about the perception.
n2 can be perceived as rich will become richer
but I would rather think about it - it's worth to get bigger, do it!
Greed itself wouldn't be that bad. Healthy greediness means: lets together make this platform awesome so we will become rich.
(aka Generous and Greedy in Prisoner’s Dilemma)
Greed of a few + apathy of the rest is a dangerous mixture.
If steem is an example then what will happen is the vote bots will suck up all the rewards now.
They needed to cap votes at 100mv and left the n2.
This way minnows matter in the math and self voting is discouraged.
Ah well, they will figure it out soon enough.
@gtg Поздравляю! Вы получили личную награду!
С Днём Рождения - 2 лет на Голосе
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@gtg, поздравляю! Вы добились некоторого прогресса на Голосе и были награждены следующими новыми бейджами:
Награда за количество полученных голосов
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