Witness Update - DragosRoua
I'm happy to report that, as of last week, I'm on the 43rd position on the runner up witnesses queue. Thanks everyone for your support! It's a big leap from 50th place. It also means more responsibility as there will be more blocks assigned for production.
Technical and Economical
- kept my witness and seed nodes running smoothly with no incidents (i.e. no missed blocks)
- maintained SBD APR to 4%
- dropped my price feed discount to 2% from 3%
- kept the account registration fee at $5 (I use a script called steem witness toolbox, available for free on Github, for publishing the feed price and adjusting a few blockchain props)
Community
The 30 days writing challenge keeps going on steadily. I'm happy to see how this project has been received. Based on the data I will extract at the end of it (number of articles, topics, average number of words, incentives for writing, etc) I may continue the challenge in a different form next week. Looks like the main goal of this one, which was creating and maintaining the habit of writing every day, is about t be reached. Congratulations to all the writers and keep it up, we still have 7 days to go!
Steemit Roadmap Discussions
Last week was dominated by discussions related to the long awaited Steemit roadmap. I wrote my opinion about it in a separate article. TL;DR version: I think the roadmap is doable (which is the most important characteristic of a roadmap, it doesn't need to be spectacular if it's not realistic) and the impact of the changes will be impressive.
You can check out the article here:
Steemit 2017 Roadmap - The 7 Most Important Points.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
Sounds like things are going well. Thanks for all your hard work! I just gave you my witness vote today; hope it helps.
Thanks, I really appreciate it!
Thanks for all you do for the community!
I wonder if you could say something in brief about the "price feed discount" -- what the purpose of a discount is, and why you dropped it. Thanks!
The price feed discount has an impact on the SBD peg.
SBD is not really a currency, more like a smart contract: 1SBD always offers $1 worth of STEEM. So if 1 STEEM is $0.25, 1 SBD will buy you 4 STEEM, if it's $0.2, 1 SBD will buy you 5 STEEM. SBD can be converted into STEEM, internally, via this price feed, which gives a bit of control over the market.
Simply put, the back and forth between SBD, STEEM and the price feed (at which conversions between SBD and STEEM occur on the internal market) keeps a healthy balance at the currency level, taking into account all factors on the whole market.
There is a more in-depth explanation by another witness, @clayop, here:
https://steemit.com/steemit/@clayop/the-impact-of-price-feed-discount-on-the-market
This post has been ranked within the top 50 most undervalued posts in the first half of Jan 23. We estimate that this post is undervalued by $3.80 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jan 23 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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