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RE: @TimCliff's Updated Witness Application
Thanks for good sources to read.
Is such witness node similar to one I had when I was mining? Is this same process of making blocks or my mined blocks was somehow different kind of blocks? It's still not really clear to me.
Yes, it is very similar. The main difference is that the amount of blocks that you get is 100% based on the number of witness votes that you have.
That's what I thought.
So in "proof of work" way of making blocks I was using my cpu power to be able to generate block while in "proof of stake" way of making blocks I would use stake "power" of those who votes for me.
And now when I finally have my silly amount of stake am I still mining with what I had defined as
witness = decentralas proof of stake in contrary withminer = ral001miner = ral002etc.Because it was (proof of stake + proof of work) and now it is only proof of stake.
I'm sorry. I'm still so steem-stupid.
Yeah, that sounds exactly correct :)
Thanks :) So there's still hope for me :)
Goodness. I think I need a download to get my head around this.
A witness vote is also a block? (Where does the rest of the Steemit community come in? Or does that mean witnesses just have huge voting power for posts?)
Witness votes and author/curator rewards are separate. There is a lot of good info in the FAQ.
Maybe I should have worded my question like this:
"If you as a witness upvote a post. Would your vote have more power compared to if you weren't a a Witness (with the same 72 --- reputation level)?"
Is that Better?
:)
No. Me being a witness, and my reputation score (72) have no influence on the amount of influence I have over rewards. The influence over rewards when I upvote is 100% based on the amount of SP that I have.