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RE: Quick Update about the vote for the next release
or put it to good use elsewhere.
Good use elsewhere can just be disabling it. That rewards all stakeholders with reduced inflation.
That's what was done with the liquidity rewards which were monopolized, weren't accomplishing their intended purposes, and were difficult if not impossible to fix. However, mining is easier to fix by switching to a well-established algorithm that isn't monopolized.
Disable is an option, I do think a well established algo with available mining software for everyone is a much better choice.
I think disabling it might look bad but I also agree the current situation is not good. I think increasing miner pay should be postponed until a new algo is implemented, until then it could be used for other things as you say such as rewarding backup witnesses. I doubt most people would have a problem with that.
These bots are fighting for pennies.
PS not discrediting your post