RE: Guide to Being a Good Witness by someguy123

View this thread on steempeak.com

Viewing a response to: @liberosist/re-timcliff-guide-to-being-a-good-witness-20170908t033924751z

· @someguy123 ·
$4.21
I think the issue is, to do anything useful with a witness, you need the active key. But once you have the active key, you're now able to move funds at will.

Unless everyone transitions to "yourname.witness", then STEEM needs to have a new type of key. A key which lets you change your signing key, and publish a price feed, but nothing else. Right now, anyone helping out with your witness will often end up needing full access to all of your funds, as they need your active key to change the signing key in the event of a failure.
👍  , , , , , ,
properties (23)
post_id12,255,001
authorsomeguy123
permlinkre-liberosist-re-timcliff-guide-to-being-a-good-witness-20170908t062724877z
categorywitness-category
json_metadata"{"app": "steemit/0.1", "tags": ["witness-category"]}"
created2017-09-08 06:27:24
last_update2017-09-08 06:27:24
depth2
children2
net_rshares1,403,554,364,531
last_payout2017-09-15 06:27:24
cashout_time1969-12-31 23:59:59
total_payout_value3.162 SBD
curator_payout_value1.048 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length533
author_reputation87,543,160,636,924
root_title"Guide to Being a Good Witness"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (7)
@liberosist · (edited)
I agree that a witness key would be beneficial. However, it's not too much of an issue currently. 

a) Collaborate with people you trust. 
b) Since all rewards are paid in SP, you always have 7 days to react to any moving of funds. 
c) You can set a power down withdraw route to a different fund account entirely, so the witness account never sees any liquid funds. Should someone change the withdraw route, you once again have 7 days to fix the situation. That'd be enough of a deterrent so no one tries anything funny. 
d) Multi-sig. I don't really know how that works, but I know it's there on Steem and @steemit uses it.
👍  , ,
properties (23)
post_id12,280,322
authorliberosist
permlinkre-someguy123-re-liberosist-re-timcliff-guide-to-being-a-good-witness-20170908t131151583z
categorywitness-category
json_metadata"{"app": "steemit/0.1", "users": ["steemit"], "tags": ["witness-category"]}"
created2017-09-08 13:11:54
last_update2017-09-08 13:13:51
depth3
children1
net_rshares2,512,544,945
last_payout2017-09-15 13:11:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length624
author_reputation128,495,787,068,198
root_title"Guide to Being a Good Witness"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (3)
@markaustin · (edited)
@liberosist  I too just voted for you as witness and I appreciate your ability to express yourself about this topic.
properties (22)
post_id43,967,252
authormarkaustin
permlinkre-liberosist-re-someguy123-re-liberosist-re-timcliff-guide-to-being-a-good-witness-20180417t034600328z
categorywitness-category
json_metadata"{"app": "steemit/0.1", "users": ["liberosist"], "tags": ["witness-category"]}"
created2018-04-17 03:46:00
last_update2018-04-17 03:46:45
depth4
children0
net_rshares0
last_payout2018-04-24 03:46:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length116
author_reputation12,948,582,322,483
root_title"Guide to Being a Good Witness"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000