You are viewing a single comment's thread from:
RE: 3 reasons that hold me back to invest in STEEM
Witnesses are here to produce blocks and keep security and reliability of the platform. And yes, that's it. They can wear their developer hat on and contribute with code, or any other hat to do other stuff, but that's not the role of a witness.
(It was different before HF16, after which huge reduction in witness rewards was made).
There's SteemDAO now that can be used for funding other projects by chain itself.
Low volume these days isn't a surprise, we just had a HardFork (actually two), exchanges are in the process of resuming their wallet operations.
That by the way doesn't look bad at all
https://www.stateofthedapps.com/rankings
Thank you for adding perspective from the witness side. I agree that if the rewards are just enough to run the nodes it is getting difficult to do more than what is expected.
On the volume side I disagree. STEEM dropped long before the recent Hardfork. I still believe that there aren’t enough people interested to buy and hold, probably because not many people want to have their tokens locked for 13 weeks.
Posted using Partiko iOS
Before HF21 there was really doubtful reason to Power Up, given that one could milk author rewards (that are supposed to be in hands of SP holders) without having any of funds locked in, just by using paid voting services.
By the way, running nodes when it comes to hardware doesn't cost that much. It's experienced, skilled, trustworthy human beings that are of value.
Actually I was OK with 2 year vesting and no delegations possible :-)