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RE: Ned Scott and @theoretical of Steemit Explore Oracles on Steem
What will be the new incentive for Witnesses? Steem Power and influence is a very powerful incentive and now that SP will no longer have the power it once did, what will witnesses receive for their efforts in maintaining the network?
There's no reason to believe SP will be less valuable or useful. It will actually be needed by the SMTs, to give them the bandwidth to operate smoothly on the blockchain.
I see. Thanks! I'll have to read up some more I suppose. :)
See your bandwidth remaining is at 100%, so the SP you hold would let you do heaps more here. (upvoting, commenting, posting).
If you launched distantsignaltoken and had millions of tokens being transacted thousands of times a day, you'd find that green bar would shrink pretty quick.
The more SP you hold, the more bandwidth that gives you on the chain and the more transaction volume your token can support.
You can see it at steemd.com/@distantsignal
These are spot on, thanks for helping to educate @mattclarke
@andrarchy
Explainer posts to along with new announcements will be immensely helpful.
Maybe the tech experts needed no real explanation but a lot of people were left guessing , as you can see in the comments.
Thanks for taking time to explain things in comments though !!
Great idea ;)