I'm considering a witness campaign - would I have your support ?

6 months ago

I've been completely obsessed with this network since I first joined back in July last year.

Over this time, I've watched it evolve from a tiny niche community into a thriving social network made up of individuals from all walks of life, political affiliations and interests.

The entire time - I've been developing tools for Steem, promoting it and doing my best to help out users in need of assistance within the network, and on the greater interwebs - I've already been acting as a sort of Steem ambassador to the best of my ability.

I'd like to take a more active role and formally campaign to become a witness because I believe the future looks blindingly bright for Steem and Steemit.

I've felt this way for a long time already, but it's only recently that I've felt that I might just have the support behind me to run a successful witness campaign.

I don't expect to make it to the coveted top 19 witness positions - however I'm confident I can do a better job then certain witnesses within the top 50 that no longer even seem to be active on the network at all.

I've already had years of experience maintaining a large network of webservers, VPN servers and even mining pools around the world for previous employers and my own personal projects - I have no fear about this side of the job.

My only real worry is if I were to spend my savings on multiple high end witness and seed nodes, and to not end up getting any witness votes - money is tight here. I'm not doing this seeking profit - but I simply can't afford to pour my limited savings into equipment for it to go unused.

So I'm testing the waters first :

If I were to start a witness campaign - can I count on your vote ?

When the time comes, I'll give all of the details up front.
My plans, my opinions on the various network parameters decided by witnesses, and how I plan to use any funding I receive .

I promise to participate in the weekly witness reports, and be far more accessible than a lot of the current backup witnesses who seem to have dropped off the face of the earth. I'll continue to develop, promote and assist Steemians in need, and continue to do what I see as best for the future of the network.

I've already been taking my responsibilities as an early adopter and Steem ambassador seriously

What do you think ? Should I become a Steem witness, and would I have your support ?


Adam aka @ausbitbank

Aaaand it's 4am again, I'll be back to answer any questions in a few hours time
Update: Alright I'm sold, I'll start setting up my node over the next week and do an organised campaign once it's all tested. Thankyou for the support! Watch this space ;)

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Thanks your majesty :P

As far as I have read and heard of you, you can only have my vote, go for it! All for one and one for all! Namaste :)

Okay... I will vote for you ! :)

I would vote for your witness.

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Thankyou :) I actually already have the witness node setup tonight, but I'll test for a few days and make sure its all good before I do a post about it

Hi @ausbitbank - I would support you. I think you already do a great job with community involvement, and it sounds like you have the technical side under control.

One thing to keep in mind is that even if you don't get into the top 50 right away (or wherever the current break even point is) that you could start out with just a single witness node and no seed. Usually if you are actively posting, the one server is easily affordable with a month worth of posting rewards. I was able to do this for several months until I moved up high enough to break even.

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@timcliff knows. There is a loss to experience at first... take a lot of time and devotion (and let down). It isn't recommended for those that aren't ready to jump two feet in, and if a loss is experienced over multiple months..

When @ausbitbank said:

money is tight here

...thats why I wrote what I did up in my previous comment.

Also @timcliff mentions he's at a "break even" point. I imagine that means server costs... not time. If you add in his time... he still hasn't broken even yet.

You can make more money in general, by this post, than you did running a low level witness. Which is bizarre... People see popular names high up on the witness list, and go "aha! That's how they became whales"

...that is true.. last year, when STEEM was new. I don't know of any new whales created from witnesses these days.. So the witness list can be misleading.

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Thankyou Tim that means a lot coming from one of my favourite witnesses :) I've considered you the community manager for a while now, you've done a great job communicating changes behind the scenes and with your changes on GitHub etc..

My recent success posting is the main reason why I feel like I should be able to afford at least a single node with my posting rewards with the way things have been going, but ideally I'd like to be able to run multiple full nodes to feed my sites like steemviz and not be reliant on other people's nodes..

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Thanks! :)

Here's a post on witness pay if you haven't read it yet:
https://steemit.com/witness-category/@timcliff/til-how-much-witnesses-and-miners-make-per-block

Also, the https://steemdb.com/@witnessname/blocks page will show you how many blocks witnesses are getting based on their position.

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Thanks Tim that's a really handy post and I hadn't noticed that section of steemdb either.

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Okay, I will follow timcliff. I vote you as my witness ! :)

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Cool, thanks! :)

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Sorry, it is sound stupid question. How do I to choose a witness ? I had tried many times to put @austbitank on the option "box" but failed. Thank you ! :)

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Here is a guide on choosing: https://steemit.com/witness-category/@timcliff/witness-voting-guide

As far as voting on @austbitank, it will not let you until he has actually declared himself as a witness on the blockchain.

Once he has done that, you can vote on him here:
https://steemit.com/~witnesses

By typing his name (without the @) into this box at the bottom of the page:

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Thank you ! :)

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Thanks for your enthusiasm - I've decided to go ahead with this and I should have my node up within about a week tops and it should work then. Also, theres a typo in the username ;)

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Nice, could you sent announcement when you have joined as witness, so I can see on my feed page, and vote you as soon as possible. :)

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Sure thing, I'll make a proper announcement post as soon as it's all good to go :)

Sure!

I'd have to figure out who to drop, but Papa will support you.

Also, I was going to invite you and @krystle to join my current contest as a team if you want. Minimum 200 STEEM prize pool so far.

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Thankyou papa! I actually just announced my witness is live now https://steemit.com/witness-category/@ausbitbank/my-witness-is-ready-to-go

Will check out your contest properly tonight, it looks interesting :)

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Then I'll have to vote for you! 😎

Hmm, support your witness campaign? Let me think... how about..

HELL YEAH! :)

You've been a big part of the community and I hope many others will see it the same way and support your witness!

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Thanks for the support mate - I hope so :)

I heard an alt witness talk about it. If you're not in the top 19 witnesses, you basically operate at a loss.

So either you put all your eggs into one basket to get to the top 19 (definitely not easy)..... or you do it as a hobby and keep paying your electric bill or server bill...

Now on the other hand, if you were a witness when steem was well over $1.00, you could make money. Just not at these prices..

Edit: See @timcliff comment it explains it better.

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I'm happy to cover it with my post rewards, I really wish I'd done this earlier before the witness pay changes but I'm confident we'll get back to $1 and beyond eventually..

The tech is amazing, and the marketing is getting more organised now so it's only a matter of time imo

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That's exactly the right attitude going in.. Go ahead, I think you'll be good at it. :)

I would support you.

"I'll continue to develop, promote and assist Steemians in need, and continue to do what I see as best for the future of the network."

Sounds good! :-)
I have already "witnesses_voted_for": 30 + one candidate in queue. You would be second.
Good luck.

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Thankyou gandalf! I've decided to go ahead with this, will be setting up and testing my node over the next week :)

I will vote for you.

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Thanks! Give me about a week and I should be good to go :)

Yeah, I'd vote for you - not that my vote's worth that much.

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Hey every little bit counts, thanks!

All the things you ever do will not be in vain, believe me.

I strongly support you @ausbitbank to be a witness trusted by the SteeMit community, I really like the way you start it.

Yes! I love your work❤️

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You will have my support, not only because of that beard that now starts to look like your profile thumbnail but because, you are you, sharp and are consisting looking for ways to make people's lives easy. Too, becos you username, though looks all easy ended up being hard for me to spell when i was doing search for you and saw google search results showing that people usually spell your username wrongly when the mention you. all this i found out really recently!

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Lol! Thanks for your support mate :)
Out of curiousity I went and googled myself for the first time in years and it's kinda interesting how many places I'm turning up now that I've never even seen before - the pizzagate posts have been copied everywhere it seems :P

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Yes. But i was refering to like wrong spellings for your username. i can't remember how i was spelling it but i was looking for you profile recently and was using google search with the word steemit and one would think photographic memory has captured you username, because looking at it, it is really easy to capture until you try to spell it and you see you are doing it wrong. During those times, i saw several posts and comments with wrong spelling of your username and i would say oh i found it, only to click on it and be led to broken link. Anyway, i don't know if my vote is of much value yet but i will give you my vote if you do witness!

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aha I see - I get all sorts from ausbtibank and austibank and google keeps wanting to correct to austin bank lol ..
All votes are appreciated either way :)

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And i forgot to thank you for joining the discord server. it is still setting up and not much activity on there yet. I wonder how i will organize it when it is time really. It is growing and disorganized. there are many automation stuff that i don't know how to do. Do you know things about discord? Is there bot that can stay active in the voice segment, like may live radio or music or something?

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I don't know a lot about discord yet , but if you were to ask in the steemspeak discord they might be able to help you as they stream music and run bots etc. If they don't wanna share the knowledge let me know and I'll see if I can help :)

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Okay, i will! There bots to add from the internet but they are not very steem-related! I will give you feedback!

Just tell me when!

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Thanks rich, will do - it'll probably be 1-2 weeks from now that I'll officially start. Should give me time to get funds together to prepay for servers + get everything setup and thoroughly tested

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You know you can count on me! Did you see my post yesterday? They busted a Maj. Gen. who was a VP at DynCorp for child rape (6 counts)

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Sure did :D
But I'm sure its all a total coincidence he got busted doing the exact thing us pizzagate researchers have been screaming about for months now ;)
I'd like to celebrate it, but its not really a good feeling to be right about these things when you think through the implications..

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You're right of course... But there's always "One down 15,000 to go" lol!

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Aha I can only hope this signifies the beginning of the higher-ups getting busted instead of just the low level sacrificial arrests we've seen so far. NEXT! :)

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Trump seems determined! It would be great payback for all the flack he got from both sides during and after the election.

You have my support and I resteemed. I think that we as a community should adopt better ways to follow up on witnesses and be more active on voting and devoting witnesses.

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Thanks igster! I agree, I think basic things like witness update posts should be taken more seriously by some of the backups - it bugs me to see so many people in the list that haven't posted or been active in chat for months. I've watched a mini "gold rush" come and go back when witness pay was higher, and heaps of people seem to be in it for money alone - when that went they just dissapeared but very few people noticed or unvoted :o/

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Thanks mate, I'll be ready to go in a few weeks time - will let you know when its time :)

Go on and be a whale after that and upvote me always!

You will have my vote, Adam! Good luck!

Can you explain exactly what being a witness means?

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The way I see it, witnesses are trusted members of the community that are responsible for validating transactions and maintaining part of a decentralised network of servers like traditional miners - but with additional responsibilities such as:

  • tweaking economic parameters (interest rates, registration fees, tracking steem value in order to maintain the sbd peg etc)
  • keeping their nodes updated, reliable and fast so as not to ever miss blocks
  • engaging with the community about the pros/cons of changes to the protocol (hardforks) and working to achieve consensus about the future direction of the network
  • being a general representative and ambassador for steem the network and working to promote it in new markets
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Awesome, thanks for the reply! Sounds great if perks are offered and you have the time.

errm, can you explain DPOS in a binary format multiplied by the block size in a non technical way ?

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I know the words, but the order makes me think you're trolling :P

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lol, good. Ya got my vote then :)