Viewing a response to: @timcliff/i-submitted-my-first-hardfork-pull-request-to-the-steem-blockchain-updates-to-the-sbd-print-rate
Sounds interesting @timcliff although the technical bit is a bit above my pay grade. I do feel, however, that more people being able to contribute would be helpful. When you say 17/21 witnesses are you reffing to the 21 witnesses that appear at the top of the table? Do the ones with less power have no say in how the blockchain is developed? Thanks for the SBD/Steem payout ratio information. I was asking another witness about that today so now I don't need his answer. 😁
| author | gillianpearce |
|---|---|
| permlink | re-timcliff-i-submitted-my-first-hardfork-pull-request-to-the-steem-blockchain-updates-to-the-sbd-print-rate-20180528t211052627z |
| category | steem |
| json_metadata | {"tags":["steem"],"users":["timcliff"],"app":"steemit/0.1"} |
| created | 2018-05-28 21:10:51 |
| last_update | 2018-05-28 21:10:51 |
| depth | 1 |
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| last_payout | 2018-06-04 21:10:51 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.207 HBD |
| curator_payout_value | 0.017 HBD |
| pending_payout_value | 0.000 HBD |
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| body_length | 483 |
| author_reputation | 60,690,413,659,944 |
| root_title | "I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.)" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 58,172,983 |
| net_rshares | 56,048,327,521 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| timcliff | 0 | 56,048,327,521 | 7% |
For a hardfork to take effect, 17 / 21 of the witnesses need to vote 'yes'. The 21 witness votes come from the 20 top witnesses + 1 backup. Backup witnesses do get a 'say'. They can contribute to the discussions, and express the way they plan to vote. If a backup witness is voting in a way that the stakeholders like, and the top witnesses are voting in a way that the stakeholders don't like - then the backups may be voted in as the new top witnesses.
| author | timcliff |
|---|---|
| permlink | re-gillianpearce-re-timcliff-i-submitted-my-first-hardfork-pull-request-to-the-steem-blockchain-updates-to-the-sbd-print-rate-20180528t212209659z |
| category | steem |
| json_metadata | {"tags":["steem"],"app":"steemit/0.1"} |
| created | 2018-05-28 21:21:33 |
| last_update | 2018-05-28 21:21:33 |
| depth | 2 |
| children | 3 |
| last_payout | 2018-06-04 21:21:33 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
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| body_length | 456 |
| author_reputation | 272,954,445,077,789 |
| root_title | "I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.)" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 58,174,099 |
| net_rshares | 0 |
Thank you for the explanation @timcliff. >If a backup witness is voting in a way that the stakeholders like, and the top witnesses are voting in a way that the stakeholders don't like - then the backups may be voted in as the new top witnesses. Whilst this is true in theory, from what I've read about the amount of power the top 20 witnesses have and how they vote for each other, it doesn't seem very likely that this could ever happen in practice, as things stand currently. Until very recently I thought that witnesses got their spots in the table by number of votes. I didn't realise that power voting came into play. Given that scenario it's hard to see how smaller stakeholders could really get themselves heard. 😊
| author | gillianpearce |
|---|---|
| permlink | re-timcliff-re-gillianpearce-re-timcliff-i-submitted-my-first-hardfork-pull-request-to-the-steem-blockchain-updates-to-the-sbd-print-rate-20180528t213313159z |
| category | steem |
| json_metadata | {"tags":["steem"],"users":["timcliff"],"app":"steemit/0.1"} |
| created | 2018-05-28 21:33:12 |
| last_update | 2018-05-28 21:33:12 |
| depth | 3 |
| children | 2 |
| last_payout | 2018-06-04 21:33:12 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.253 HBD |
| curator_payout_value | 0.084 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 733 |
| author_reputation | 60,690,413,659,944 |
| root_title | "I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.)" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 58,175,348 |
| net_rshares | 84,156,563,496 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| timcliff | 0 | 84,156,563,496 | 11% |
> I've read about the amount of power the top 20 witnesses have and how they vote for each other, it doesn't seem very likely that this could ever happen in practice, as things stand currently. Donβt believe the FUD. It is definitely possible for hard working witnesses to work their way to the top by adding value. Iβm actually one example ;) as is @followbtcnews and @jesta. > Given that scenario it's hard to see how smaller stakeholders could really get themselves heard. If you read the whitepaper, that is somewhat by design. It is not necessarily that they have _no_ say, but the voice of the larger stakeholders is intended to have more weight.
| author | timcliff |
|---|---|
| permlink | re-gillianpearce-re-timcliff-re-gillianpearce-re-timcliff-i-submitted-my-first-hardfork-pull-request-to-the-steem-blockchain-updates-to-the-sbd-print-rate-20180528t232520690z |
| category | steem |
| json_metadata | {"tags":["steem"],"app":"steemit/0.1","users":["followbtcnews","jesta"]} |
| created | 2018-05-28 23:25:21 |
| last_update | 2018-05-28 23:26:06 |
| depth | 4 |
| children | 1 |
| last_payout | 2018-06-04 23:25:21 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.063 HBD |
| curator_payout_value | 0.017 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 655 |
| author_reputation | 272,954,445,077,789 |
| root_title | "I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.)" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 58,187,049 |
| net_rshares | 20,319,668,802 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| the-ego-is-you | 0 | 18,135,650,536 | 100% | ||
| gillianpearce | 0 | 2,184,018,266 | 10% |
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