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RE: Regarding Backup Witnesses & Witness Pay
For the entire steem to run on just 21 witness seems more like a bad idea and points to centralization. the algorithm should be modified to include more witness , then only more people would participate. Incumbent always have an advantage due to voter apathy. With respect to running cost , steem used to be 10 cents a year ago, so why would this be a problem even if steem price fall to 20 cents!!!
True.
With respect to costs, when steem was 10 cents, top witnesses made 1380SP per day due to the high inflation at the time. Which was changed at a later HF.
If your server cost was $200 a month for example, you'll need to make enough blocks to cover that cost and if you need to withdraw that SP to pay for it you'll need to wait a while to be able to power down and withdraw. So it's not great for lower ranking witnesses to be running a server at lower prices.