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RE: @TimCliff's Updated Witness Application
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.
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.