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RE: Open Letter To Steem Community
What are the rules? In order to be a witness, first you have to be running a Steem node and secondly, you have to get a certain amount of votes? How many votes would be the minimum required?
The strength of the votes you receieve dictate how high your rank is, and how many blocks a day your server can create.
Here is a question. Does a witness earn Steem for mining blocks? I'm assuming that blocks are mined like Bitcoin blocks are mined by miners. I don't want to say Bitcoin and Steem are identical but this is my comparison. If I'm accurate, then that makes sense and I would prefer that over how Bitcoin does it I think.
Top 20 witnesses get 0.21 STEEM per a block. Backup witnesses get ~1.2 STEEM per a block.
This might be one of the advantages Steem has over Bitcoin. I wish Tron the best of luck. Things are getting better for Steemit. My fingers are crossed.