The Reports from the Witnesses 2018-03-18 by timcliff

View this thread on steempeak.com
· @timcliff · (edited)
The Reports from the Witnesses 2018-03-18
The _Reports from the Witnesses_ aims to provide the community with a summary of what all the witnesses have been up to. Every week, I collect all of the reports from the individual witnesses and assemble them into a single aggregated report. New witness announcements and witness retirement announcements are included in the report as well.

Witnesses can continue posting their posts to the witness-category and/or witness-update tags, and I will assemble everything I find there. If I miss any reports, just let me know and I will correct it. If you want to direct message me a report via chat, that is fine too.

Historic Reports from the Witnesses can be found here:
https://steemit.com/created/reportsfromthewitnesses

So without further ado, I bring you the sixty fifth edition of 'Reports from the Witnesses'!

<HR>

https://steemitimages.com/0x0/http://i.imgsafe.org/122e67dd67.png

# Reports from the Witnesses 2018-03-18

## @ausbitbank - Witness Position #7
- <a href="/witness/@ausbitbank/ann-new-512gb-full-rpc-node-is-now-online-backup-witness-in-finland">ANN : New 512gb full rpc node is now online + backup witness in Finland</a>

## @lukestokes.mhth - Witness Position #9
- <a href="/business/@lukestokes/i-sold-my-half-of-foxycart">I Sold My Half of FoxyCart</a>

## @cervantes - Witness Position #27
- <a href="/spanish/@cervantes/cervantes-magazine-vol-25">Cervantes Magazine Vol 25</a>
- <a href="/cervantes/@cervantes/cervantes-magazine-number-25">Cervantes Magazine number 25</a>

## @blockbrothers - Witness Position #35
- <a href="/steemdev/@blockbrothers/59oyazu4">Dev update - Sneak preview Steemify Android.</a>

## @steemgigs - Witness Position #56
- <a href="/witness-category/@surpassinggoogle/the-steemgigs-witness-is-now-on-a-64gb-ram-server-and-how-https-steemgigs-org-help-the-steem-ecosystem">The "steemgigs" Witness Is Now On A 64GB RAM Server & How https://steemgigs.org Help The Steem Ecosystem.</a>

## @dragosroua - Witness Position #58
- <a href="/witness-category/@dragosroua/2stetm-witness-update-dragosroua">Witness Update - DragosRoua</a>
- <a href="/witness-category/@dragosroua/adjusting-my-price-feed-bias-down-to-50-from-250">Adjusting My Price Feed Bias Down To 50% (From 250%)</a>

## @krnel - Witness Position #63
- <a href="/witness-category/@krnel/witness-server-offline-for-hardware-upgrade">Witness server offline for hardware upgrade [back online now]</a>

## @adsactly-witness - Witness Position #66
- <a href="/witness-category/@adsactly-witness/adsactly-witness-report-2018-03-12">ADSactly Witness Report 2018/03/12</a>

## @jacor-witness - Witness Position #80
- <a href="/witness-category/@jacor-witness/sportspodium-witness-report-2018-03">SportsPodium Witness Report 2018-03</a>
- <a href="/steemit/@jacor/have-you-used-your-witness-vote-you-have-30-votes-to-elect-witnesses">Have you used your witness vote - you have 30 votes to elect witnesses ?</a>

## @felixxx - Witness Position #83
- <a href="/witness-category/@felixxx/quick-witness-update-felixxx-32g">Quick Witness Update @felixxx (32G)</a>

## @emrebeyler - Witness Position #84
- <a href="/witness-category/@emrebeyler/witness-update-emrebeyler-march-15-2018">Witness Update - @emrebeyler - March 15, 2018</a>

## @jatinhota - Witness Position #90
- <a href="/witness-update/@jatinhota/jatinhota-witness-update-17th-mar-2018">@jatinhota Witness Update 17th Mar 2018</a>

## @yehey - Witness Position #96
- <a href="/steemit/@yehey/yehey-up-voting-40-to-authors-with-quality-content-report-13-in-witness-category-open-mic-shopping-veteran-support-and">@Yehey Up Voting 40% to Authors with quality content. Report #13 in Witness Category, Open Mic, Shopping, Veteran Support, and Photography</a>
- <a href="/steemit/@yehey/yehey-up-voting-40-to-authors-with-quality-content-report-13">@Yehey Up Voting 40% to Authors with quality content. Report #14</a>
- <a href="/steemit/@yehey/yehey-up-voting-40-to-authors-with-quality-content-report-15">@Yehey Up Voting 40% to Authors with quality content. Report #15</a>
- <a href="/steemit/@yehey/yehey-up-voting-40-to-authors-with-quality-content-report-16">@Yehey Up Voting 40% to Authors with quality content. Report #16</a>
- <a href="/yehey/@yehey/yehey-up-voting-40-to-authors-with-quality-content-in-arts-statistic-and-introduce-yourself-report-17">@Yehey Up Voting 40% to Authors with quality content in Arts, Statistic and Introduce Yourself. Report #17</a>
- <a href="/witness-update/@yehey/council-community-bot-another-service-provided-by-yehey-witness">@Council - Community Bot. Another service provided by @Yehey [ Witness ]</a>

## @mahdiyari - Witness Position #98
- <a href="/witness-category/@mahdiyari/mahdiyari-s-witness-update-or-2018-03-12">Mahdiyari's witness update | 2018-03-12</a>
- <a href="/witness/@mahdiyari/steem-witnesses-what-is-a-witness-or-how-to-become-a-witness">[Steem witnesses] What is a witness? | How to become a witness?</a>

## @anarcho-andrei - Witness Position #102
- <a href="/witness-category/@anarcho-andrei/anarcho-andrei-witness-update-15-march-2018">Anarcho-Andrei Witness Update: 15 March 2018</a>

## @jackmiller - Witness Position #124
- <a href="/witness-category/@jackmiller/witness-report-jackmiller-truth-democracy-and-the-steemian-way">Witness Report @jackmiller - Truth, Democracy and The Steemian Way.</a>
- <a href="/witness-category/@jackmiller/witness-jackmiller-sharing-thoughts">Witness @jackmiller - Sharing Thoughts.</a>

## @davinci.witness - Witness Position #126
- <a href="/witness-category/@davinci.witness/davinci-witness-update-2">DaVinci Witness Update # 2</a>

## @isnochys - Witness Position #129
- <a href="/witness-update/@isnochys/witness-update-2018-03-13">Witness Update: 2018-03-13</a>

## @enginewitty - Witness Position #134
- <a href="/thealliance/@enginewitty/frustrating-witness-update">Frustrating Witness Update</a>

## @quochuy - Witness Position #147
- <a href="/witness-category/@quochuy/witness-report-2018-03-16-my-first-few-days">Witness report 2018-03-16 - My first few days</a>

## @bobdos - Witness Position #153
- <a href="/witness-category/@bobdos/witness-weekly-update-18-march-2018-18-03-2018">Witness Weekly Update 18 March 2018 - 见证人项目周报18.03.2018</a>

## @cryptohazard - Witness Position #164
- <a href="/witness/@cryptohazard/witness-report-my-witness-is-down-because-of-the-32-gb-wall">Witness report: My witness is down because of the 32 GB wall</a>

## @grzegorz2047 - Witness Position #188
- <a href="/polish/@grzegorz2047/nocny-update-dotyczacy-wpisu-witness-node-i-32-gb-ram">Nocny update dotyczący wpisu "Witness node i 32 GB RAM"</a>

## @yanosh01 - Witness Position #235
- <a href="/witness/@yanosh01/incentive-to-steem-users-part-5-how-to-support-minnows">Incentive to STEEM USERS Part 5 - How to support Minnows</a>

## @name - Witness Position #285
- <a href="/witness-update/@cloh76/cloh76-witness-update-a-new-server-for-a-growing-steemit-blockchain-3-14-2018">cloh76.witness Update - A New Server for a Growing Steemit Blockchain [3.14.2018]</a>
- <a href="/steemit/@cloh76/psa-alert-be-aware-of-new-apps-being-used-to-steal-your-steemit-dtube-information">PSA Alert: Be Aware of new Apps being used to steal your Steemit/Dtube Information</a>

# New Witness Announcements:

## @intelliwitness - 3/16/2018
- <a href="/witness-category/@intelliguy/understanding-the-steem-blockchain-helping-to-run-a-legitimate-witness-intelliwitness">Understanding the STEEM blockchain. Helping to run a legitimate witness. @intelliwitness</a>

## @valorforfreedom - 3/17/2018
- <a href="/witness-thread/@valorforfreedom/3skbohqp">My Official Witness Declaration Video & Post</a>

<HR>

# Some Notes:
- Many witnesses do not report every week, and prefer to only report when they have updates.
- I recommend that you include communication as one of your criteria for evaluating witnesses, but keep in mind - it is not the only criteria. There are some witnesses that prefer to work "behind the scenes", and do not do much as far as reports.
- For witnesses that are not currently posting any reports, I would encourage you to provide the community with at least some insight into what you are currently working on :)

<HR>

**Remember to vote for witnesses!**
https://steemit.com/~witnesses
If you aren't sure who to vote for, check out this <a href="https://steemit.com/witness-category/@timcliff/witness-voting-guide">Witness Voting Guide</a>.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 26 others
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@dailyxkcd ·
I don't know why.. but this post made me hungry for pizza
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@penking ·
$0.05
Today's report is very comprehensive and easy to peruse trough. It must have taken a lot of effort to put this down. Thank you @timcliff
👍  
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@psos ·
$0.05
Thanks for the report! :)
Easier than try to find everyone 👍
👍  
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@moemanmoesly ·
$0.38
I wonder how much it would cost to be a witness...
👍  , ,
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@timcliff ·
$0.17
Other than time, the server rental costs are really the main expense. You can discuss with the people in the witness channel of steem chat to get more info on the required specs. Rough ballpark it is probably around $80-100/month for a single witness server.
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@intelliguy · (edited)
$0.03
We should focus on the time cost, vs each server cost that @timcliff mentioned.

It's a wealth of time, labor, and it becomes like a new ball and chain.  You must constantly monitor your servers, provide updates, follow steem progression, install software updates...

**...and even after all of that, you have to be popular and trusted in the community. Getting enough whale votes is extremely hard.**

I should also mention, you should expect to lose money for several months (or even a full year or more) before you break even.
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@moemanmoesly ·
$0.03
Thanks for the information guys.
👍  
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@doodlebear · (edited)
Hey,

I took from the chart below by @seven seals that the supply of SBD has been increased massively in December 2017:

https://steemitimages.com/0x0/https://steemitimages.com/DQmZ4ffHaa2vSndQNRYPGExjnJbD8aQ2sBfGXXyJjZNYRcA/1114.jpg

Assuming he got that right, do you know what happened there? Have a couple of whales decided to sell off SBD to push the price down, or was it the witnesses who increased the inflation of SBD, or did this come from Steemit Inc or maybe someone else?

I can hardly imagine this happened on its own..

And also: Was this announced somewhere? I mean, it was basically the confirmation that the price peg of SBD to the US-$ is a good thing and should be restored via dumping SBD on the market. Those who knew on time surely made a nice cut not buying (or maybe build up a few short positions..).
👍  
👎  , ,
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@timcliff ·
The SBD generation formula is explained in the whitepaper and bluepaper. It is based on the STEEM marketcap, so if the price of STEEM goes up - so does SBD generation.
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@leprechaun ·
Oh, it was us always choosing a 50/50 payout.  Now the sbd supply is getting cut yet it is still way over 1 USD each.
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@doodlebear · (edited)
Where exactly do I find the formula? The bluepaper is a bit very vague, but whitepaper has a few more specifics where it states:

> The blockchain prevents the debt-to-ownership ratio from getting too high, by reducing the amount of STEEM awarded through SBD conversions if the debt level were to exceed 10%. **If the amount of SBD debt ever exceeds 10% of the total STEEM market cap**, the blockchain will automatically reduce the amount of STEEM generated through conversions to a maximum of 10% of the market cap. This ensures that the blockchain will never have higher than a 10% debt-to-ownership ratio.

~~Perhaps~~ Quite likely, I'm not getting it, but according to Coinmarketcap, the total market cap of SBD is currently ~22 Million US-$ while Steem has a market cap of ~505 Million US-$. The debt-to-ownership (dto) ratio (SBD/Steem) is therefore 22/505 = 4% and given the relatively narrow price ranges per token between SBD and Steem and the much higher amount of Steem on the market, the ratio probably never exceeded these 10%. At the current number of tokens on the market, SBD would have to be 2.5 times as expensive as Steem to get to these 10% and if you consider the SBD supply being even smaller before this massive (and lasting!) increase of the inflation, the dto ratio must have been even smaller than it is now. I remember only a few weeks where you got 3-4 Steem for 1 SBD.

Therefore technically, this automatic decrease of generated Steem could have never been activated and if the dto ratio exceeded these 10%, it would have been shut down after the ratio went down again, which happened fast. At least right now, from the side of the system, there shouldn't be this kind of SBD inflation.

Or maybe...
-  it is in fact the price per token that is targeted by the dto ratio instead of the market? In that case, the whitepaper is talking about the wrong figures.
- it is only tokens on the platform and not outside of it that are relevant and there it might look completely different? If this is the case, are the platform only figures publicly available?
-  this mechanism is not a built-in feature of the blockchain, but something somebody can pick and click by convenience. Which begs the question: Who, what and when?

I mean, the results look pretty neat when you consider the SBD chart since December. It's close to a straight line the way it is going down and if you set the parity to the US-$ as goal, this is how you do it.

But since the "literature" doesn't offer a justification for an automatic mechanism to trigger this as I explained above - and in case the three maybes don't apply - I see no other explanations for this development than the ones I propose in my first comment: Either it was whales or it was Steemit Inc. who did it in a concerted effort and everyone who knew about it could make/save a ton of money on the expense of the bulk of Steem/Steemit users who trust(ed) the system.

And don't worry, I am not a saint. All I want is to be in on this deal;-)
👎  , ,
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@abdulmanan ·
$0.05
All these people are working hard to make steemit better place! Best of luck to every witness
👍  
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@ulqu3 ·
$0.05
Thank you for the comprehensive feedback. Good to know which witnesses are active in order to vote for those pushing the platform ahead. 
Maybe next time accept post rewards and send to me if you don't need them? Haha joke... I think. < Insert serious face>
👍  
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@tarazkp ·
$0.05
Thanks mate.
👍  
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@sathyasankar ·
$0.06
Best wishes to all witnesses..How many witnesses are there in total?
👍  ,
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@intelliguy ·
$0.26
There are 400+ active and non-active witnesses, but only the top 20 get most of the blocks to sign.   1 "backup" or alternate witness is chosen per round.
👍  
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@sathyasankar ·
Thank you.
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@peakreal1 ·
$0.05
Please how do we vote for a witness, I guess none if my votes count. Thank you
👍  
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@intelliguy ·
All votes count.  Just some, more than others, depending on how much steem power you have.   But it is good to learn how to do it.  I did a howto for intelliwitness you can [see here](https://steemit.com/witness-category/@intelliguy/understanding-the-steem-blockchain-helping-to-run-a-legitimate-witness-intelliwitness)
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@peakreal1 ·
Ok, thanks for the clue
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@joanstewart ·
$0.05
Thank you for collating this report, it helps keep up to date with what is happening in the world of witnesses @timcliff
👍  
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vote details (1)
@acromott ·
$0.18
Thanks for the update! It  is always nice to see what everyone is up to. I just went through and added a for more votes for witness.

Have a good day!
👍  
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@intelliguy ·
Glad to see you are actively voting @acromott - please take a look at the [announcement](https://steemit.com/witness-category/@intelliguy/understanding-the-steem-blockchain-helping-to-run-a-legitimate-witness-intelliwitness) for intelliwitness, I could really use your vote.. I've been here since 2016 and very responsible.
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@stimialiti · (edited)
$0.32
How do I read a deleted comment?
Not sure if it used to be readable in steemd.com, but now it is not.
If you know how, does it apply to pre-edited versions of comments too?
👍  , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (24)
@timcliff ·
It should be on steemd.com, but you will likely need to find the original transaction where it was made.
👍  
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@stimialiti ·
$0.06
And how do I find it?
👍  ,
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vote details (2)
@steemdiffuser ·
<p>This comment has received a 33.33 % upvote from @steemdiffuser thanks to: @stimialiti. Steem on my friend!</p>

<p>Above average bids may get additional upvotes from our trail members!</p>

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@greengrowth ·
re-stimialiti-re-timcliff-the-reports-from-the-witnesses-2018-03-18-20180321t050212344z-20180322t223255288z
You got a 100.00% upvote from @greengrowth thanks to @stimialiti! You too can use @GreenGrowth by sending your post URL in the memo field to the bot. Minimum bid is 0.01.

If you feel this post is spammy or not worthy of @Greengrowth you can contact a moderator in our Discord Channel https://discord.gg/6DhnVTQ.
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@cryptoguru1 ·
Great information here, i am following your work
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