This discussion, hosted by @pennsif, with Steemit Inc's Executive Chairman Ned Scott, Managing Director Elizabeth Powell and lead blockchain developer Michael Vandeberg @vandeberg, along with Dan Notestein from @blocktrades was broadcast on MSP Waves on Thursday 31 January 2019.
Ned and Michael gave a full update on the RocksDB developments to reduce witness node memory requirements. This is now entering its final testing phase.
Dan from @blocktrades then joined Ned in an extensive discussion about the proposal for the Worker Proposal System for Steem. They are currently refining the proposal and looking for comment and input from the community.
Elizabeth gave an update on progress on advertising and other current activities in Steemit Inc. Ned finished with a brief commentary on the future powerdown plans.
The discussion lasted a little over an hour.
The interview was co-hosted by @teamhumble.
This took place in the hour immediately before the sixth State of Steem Forum covering Communities, Content, Curation and Retention.
The recording of the Forum is available here...
This recording is also available on YouTube
[ graphics from @pennsif // music from @davidfar ]
▶️ DTube
▶️ IPFS
8:44 - Worker Proposal System for Steem
https://steemit.com/blocktrades/@blocktrades/proposing-a-worker-proposal-system-for-steem
11:56 - How are we going to fund this
17:30 - Take it from the Authors/Commenters
19:17 - Enables Distributed Development
20:33 - Using Stake-Weighted Consensus in Various Ways
23:16 - Meetups and Trivial Proposals and Fees
28:03 - Can this River be Dammed?
31:19 - How does it go from here?
34:10 - Community Consensus Bulding
37:27 - Non-Profits and Escroe Entities
42:11 - RocksDB & steem DB history
48:53 - Hivemind
51:58 - Witness cost savings expected
56:09 - When though and what next?
1:01:00 - Elizabeth Updates
Great contribution, upvoted some of your other posts
Uau bro incredible that you connect with this people. You are the boss
Great move. Thanks for being a pillar of growth to the Steem ecosystem.
Good show @pennsif. Great to find out more about the 'Worker Proposal System'. I feel quite comfortable with a fund coming out of the author's share of the rewards. It is better than taking from curators.
Thanks for the recording once more!
Thank you @pennsif :) <3
Great show.
Taking 1% overall = 20% of author rewards is to much. I think 0.2% overall = 5% is a good place to start + any amounts burned.
This is a good starting place and if it works we can always increase the amount that goes to the fund AFTER it has proven a good use of funds and any bugs worked out.
Starting to big is just as bad, if not worse than, never starting.
The treasury fund could be easily paid and inflation reduced at the same time if we just fix the SBD to STEEM inflation problem.
https://steemit.com/steemit/@socky/it-is-time-to-stop-the-overprinting-of-sbd-to-decrease-steem-inflation
Hi @pennsif!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 5.570 which ranks you at #535 across all Steem accounts.
Your rank has improved 4 places in the last three days (old rank 539).
In our last Algorithmic Curation Round, consisting of 279 contributions, your post is ranked at #32.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
Dear @pennsif
I was wondering what was your first impression after you had a chance to engage with Elizabeth Powel?
Would you know what range of savings it will bring? Obviously Steemit has been always forced to cover costs by selling part of their STEEM holdings. So smaller costs = less STEEM dumped and less down-price presurre. Right?
Cheers, Piotr