RE: WHAT IS A WITNESS FOR?

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gtg in #bbh • last month

Hello @bradleyarrow, I don't want to spoil the fun here...

But this method of gaining votes is ultimately a very bad idea and always ends the same way. I’d highly recommend reading @anyx’s post How Vote Incentivization Degrades Delegated Proof of Stake, It’s 6+ years old, which tells you this isn’t a new topic (and no, you’re not the first, the only, or the last to offer such incentives, but again: it’s the wrong path to take).

My advice? Focus on your witness operations. That’s the real value people are voting for when they support your witness. If you’re building a business here, earning trust because you can deliver, not because you’re paying for it, should be your ultimate goal.

Hive thrives on trust, reliability, and actual contributions. Good luck.

last month in #bbh by gtg

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bradleyarrow last month

I agree with what you said. But in my view I am not paying people to vote for me.
I am giving people an incentive to come to The BBH Project. To use my front end of my tribe. To invest in my income token BBH, giving them a reason to stake the BBHO token.

What does "focus on your witness operations" really mean?

I been on the block chain myself for 5 years and 4 month, I have never missed a day her. I have earned much trust among many people because I do deliver.

I don't understand why people have a problem with the fact that I want to give back to people. It is not a bribe, it is not paying people to support me. It is mutual support.

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gtg last month

I understand that you might feel that way, but think it’s worth considering how this approach might be perceived, and the unintended consequences it could have for the ecosystem as a whole. When incentives are tied to voting, even indirectly, it can create a dynamic where votes are valued for the wrong reasons. Over time, this erodes the integrity of the governance system, which is meant to prioritize network security, reliability, and trustworthiness above all else.

What does "focus on your witness operations" really mean?

Witness rewards aren't really high. And I'm saying it as a consensus witness. At some point once you are higher in the ranks it's like a full time job if you want to do it properly. You do it either yourself or you hire people to assist you. You need to be aware of what's going on with the code in the upcoming changes, choose whether to support them, make sure your upgrades go smoothly, preferably run a node in a mirrornet, a public seed node for a mainnet, maybe a full API node so the startup projects doesn't have to run their own, of course have a backup nodes, monitoring services, test environments.

If witness earnings are being shared or redirected, it’s always at the expense of these critical operations.

And of course - up to you :-)

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bradleyarrow last month

Thank you for further expanding for me. I do take and consider all advice given to me by everyone on HIve. So once again, thank you :)

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