There are a few proposals for the next fork I will list a headline for each and state my position on it:
- Reduce inflation to 9.5% a year: ------- Agree
- Reduce top 19 witnesses pay: ----------- Agree
- Increase backup witness pay: ----------- Agree
- Increase pow miners pay* : ------------- Disagree
- Reduce SP lock period to 3/6 months: -- Neutral
- Auto cancel votes for inactive witness**: -- Agree
- Top 19 Witness protection program: ------- Agree
* The proposed increase to pow miners pay when one or two people have managed to control the mining queue is reason enough for me to disagree with that proposal, in fact until such time this issue is resolved with another mining algorithm I recommend to remove the pow completely and award that to back up witnesses or put it to good use elsewhere.
** witnesses who are no longer running an active witness node by choice or for unforeseen circumstances.
It is a general agreement that our hyper inflation model can no longer be supported for a long period of time. When this inflation is reduced to very reasonable rate, we should start to see a natural improvement on the markets. This improvement should handle our low inflation model much better and increase the value of our stake. I am not exactly sure what the shorter SP lock up period will do, but it will give market makers and speculators a better handle on things. A little more transparency from Steemit inc. is needed as well. I am also waiting on a road-map so everyone knows what we are looking for in the near future.
In the last few weeks, a number of projects adopted the DPOS model as introduced in Bitshares and Steem. Projects like Komodo, Lisk, and most recently Ark. These projects give Dan Larimer credit for introducing a great model that they themselves are adopting. Yet these projects are advertising this model aggressively, and we go from fork to fork and improvement to improvement and nobody is giving enough credit to this great project. It's a shame that we got lost in our disagreements that we do not take the time to advertise all these improvements. With the move to Graphene 2.0 I would like to see the news all over the place.
How will I vote with the next fork depends on the consensus reached by the witnesses and stake holders. This coming Tuesday the new version of Steemit will be on Github, I encourage everyone to read and comment on the proposed changes, what you have to say is important.
