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RE: pfunk PeerPlays Witness Proposal
pfunk, I think you're going to do a kickass job. I haven't claimed my stake yet, I was planning on it tonight into the weekend, so I could read through all the info I collected and set up.
I know the info is somewhere in those PDF's I have, but again I'm working crazy hours... do you happen to know how many witnesses can we vote for on the network?
Thank you for your vote of confidence!
Great question. It's actually unlimited, and there is a voting stake-weighted mechanism to determine how many witnesses will be scheduled based on the amount of concurrent witness votes stakeholders make. The minimum amount of witnesses the network needs is 11, but the cap is effectively unlimited at 1001.
It's up to stakeholders to vote on witnesses they can trust to be dedicated and act honestly. It's also up to stakeholders to vote on however many witnesses they would prefer to run the network.
Dan Larimer (@dan) has made some interesting comments on DPoS witness count, and how there is essentially a sweet spot between extreme decentralization and keeping the block producing incentives concentrated enough to have the better available people doing it. The neat thing about PeerPlays is that it's up to the stakeholders to set that amount. I'm personally very interested to see how it goes!
We need to work on this and find out more information to be sure!
Are you serious?! That is really awesome and you have my vote of confidence!
I'm putting my PPY stake out of my mind once set (except for wallet upgrades, etc) and buying more to flip up, especially for the run up to Bookie release.
Thank you for the information.
Pay attention to its page... @skypilot
@pfunk @hiimamazing @prufarcy I think @pfunknis doing a great job look forward to speaking more with all of you guys have a great day
@jimjam1210 thanks you too!