Witness Update - @cervantes - 10.03.2017
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Hard (fork) times.
Due to the up-coming hard fork, the activities of the steem-guild has been stopped. The main consequence for the spanish speaking community has been the (temporal) lost of whale voting power necessary to keep rewarding the good quality content.
All of this comes suddenly in a situation where, regardless the low price of the STEEM, the spanish community was gaining momentum with a average of 20 high quality original Spanish post written and rewarded per day. And a steadily growing spanish speaking user base in both, the blockchain (tag #spanish) and the steemit.chat channel "Hispanohablantes" - with 167 registered users.
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Still some hope
The Spanish speaking user base has not yet grown into millions and given the current distribution of the stake, the content will not gather the necessary voting power to make it worth writing. This situation has been understood by some supporting high stake users such as @smooth which have agreed to vote on spanish content based on our recommendations.
The result during the last week of curation is the following:
List of rewarded post since 03/03/2017
Summary of current witness parameters:
Price Discount: Our discount remains at 2%. The price for 1 SBD is just slightly below 1 USD but the SBD supply compared to the STEEM supply is too high (ratio is at 0.46%). The “debt” needs to be reduced and applying this price discount, will encourage the users to convert their SBD to STEEM.
SBD Interest Rate: My SBD interest rate remains unchanged at 1%. Increasing the interest rate, will increase the avaliable SBD supply and that is exactly what we would like to to avoid.
Registration Fee: My registration remains unchanged at 30 STEEM. Taking into account the actual STEEM market price, a fee of 2.86$ to open an account does not seems alot. Reducing this fee too much could result into mass creation of accounts without any existing user behind.
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Some more Information.
- Since the beginning of our witnessing operations the main node has been running flawless resulting on not a single missed blocked.
- Given the price of the STEEM and our witness position (51 at the time of writting) we are of course not even close the break even in terms of hardware cost. We will continue to do so, since we believe that the investment will payout when the user base reach the millions. Don't forget there are 450 million native spanish speakers needing to use steem/steemit (they just dont know it yet).
- We are preparing to upgrade our witness and seed node to the new version of steem engine. It is a hard fork and therefore if the majority of witness upgrade to this version, the remaining witnesses will need to update as well if they want to keep producing blocks. We also believe that the majority of the proposed changes are going to be useful for the community.
- We will keep curating post thanks to our supporters.
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How to contribute
If you want to contribute to the project you can do several things:
- (1) Vote the spanish post recommended by us. For that, the most easy way is to follow the votes made by @cervantes. You can do it manually or you can use on of the multiple existing bots (reach us, @pgarcgo or @gargon) out in steemit.chat, channel #hispanohablantes, if you want some explanation on how to do that).
- (2) You can, of course, vote this witness (@cervantes.)
- (3) You can join the chanel "HispanoHablantes" in steemit.chat (be careful: only spanish is allowed; but don`t hesitate if you are learning it, we will help you)
- (4) You can write "good" and "original" post in spanish (don`t forget to tag them with #spanish).
- (5) You can "spread the steemit word" around your known spanish speaking friends, relatives and work-coleages).
So far..
Your sincerely
and
Manu @gargon
Tenemos fe que todo se va a componer y volverá todo a la normalidad, solo palabras de agradecimientos para Pablo @pgarcgo , Manu @gargon, y todo el equipo que integran Cervantes,por sus constantes apoyo a nuestra comunidad.
Muy bien y weiter so - bist Du eigentlich Deutsch oder Spanisch @cervantes - wünsche Dir einen tollen Tag
Moin Uwe, Spanish, in Deutschland lebend. Also europer, so zu sagen.
Mil gracias por el apoyo @cervantes.
Gracias @pgarcgo y @gargon por todo el trabajo duro que hacen para seguir apoyando a los hispanohablantes!
Steem on !!!
Muy buen trabajo el que hacen, saludos
Gracias una vez más al proyecto Cervantes y a sus promotores!!
Una duda... Porque esta este post en inglés!!!!!! jajajaja que somos hispanos brothers!!!
Para que los hijos de shakespeare se enteren de lo que hacemos
Jajajaja entendido ;)
Y por que no me dio tiempo a traducirlo. Se aceptan voluntarios por cierto.
Mi nivel no es suficiente pero si necesitas algún diseño, no muy complicado, para el proyecto o a nivel personal para algún post, por supuesto, contad con mi ayuda
Gracias una vez más al proyecto Cervantes y a sus promotores!!
Una duda... Porque esta este post en inglés!!!!!! jajajaja que somos hispanos brothers!!!