Witness Update - Presenting Dustsweeper

Witness Update

It has been almost a month since my witness journey begun and things are moving along smoothly and slowly. Since my last update, I've moved from #152 to #141 in the ranking.

With the current rate, I'm producing a block every 30 hours or so. I'm still well in the red, but with a higher STEEM price and a few more helping votes, I could soon be breakeven. 😀

Hive account@dustsweeper - Helping minnows profit from dust

The idea for Hive account@dustsweeper came after seeing several minnows being frustrated that their posts/comments with low upvote values would not pay out. Comments with $0.01 and $0.02 would suddenly be worth nothing at payout.

dust sweeper
_{Designed by Hive account@charisma777}

This is a witness supported initiative and my co-joint project with Hive account@davemccoy.

The concept of Hive account@dustsweeper is simple, we want everyone to feel that their vote isn't wasted and turned into dust, especially for minnows, whose 100% vote might only be worth $0.01. So we solved the problem by creating a community bot, a subscribe service that will upvote your posts or comments if they have an upvote value of less than $0.025.

Please check out the Dustsweeper announcement post

After 3 days of operations, Hive account@dustsweeper is holding around 2800 SP and have around 100 users subscribing. Dave and I have delegated 2200 SP to get it started.

Other delegations are currently coming from: Hive account@abh12345 (200 SP), Hive account@tarazkp (200 SP), Hive account@preparedwombat (100 SP) & Hive account@simplymike (75 SP).

Thank you so much for your support!

If you are interested to help out but afraid to waste your SP, please check out Hive account@minnowbooster's lease request market: https://www.minnowbooster.net/market. There is currently 1 open request from Hive account@dustsweeper.

dustsweeper logo

STEEM_MIN_PAYOUT_SBD

This is the setting in the blockchain which defines the threshold for a valid payout. I understand that this was put there for a purpose. While I haven't been able to trace the origin I can only guess it is there to limit tiny claims and reduce spam. While the blockchain has other means of dealing with spam, I feel this measure is the most more harmful for normal operations, especially for new Steemians.

It is also very confusing and I can understand the frustration to see a post worth $0.02 suddenly be turned into dust. If the condenser(Steemit interface etc.) is using a precision of 2 decimals, it would make much more sense to have this threshold set to $0.005. A post below that threshold would then display a value of $0.00 throughout its payout lifetime, and in the end, it wouldn't pay out anything. Simple and less room for confusion.

Furthermore, the blockchain has already other means of dealing with spam, like the STEEM_VOTE_DUST_THRESHOLD setting and account bandwidth, which both will limit activities on the blockchain proportional to the size of the account.

While I think it is important to improve spam prevention, I feel the minimum payout threshold, due to the direct negative implications for new Steemains, is not the optimal vehicle.

Please let me know your feedback.

Hive account@hitmeasap delegation support

In the last week, I had some nice interactions with a fellow Swede on the platform, Hive account@hitmeasap. He was very generous to donate some SBD to the latest round of the Comment Challenge.

Hive account@hitmeasap is one of the people who is truly spending his time caring about others and with a mission to delegate 100% of his SP. One of his latest milestone goals was to get another 75 SP for a delegation to Hive account@asapers and Hive account@lynncoyle1. To show my appreciation for his donation and the work he is doing, I decided to fill that gap and delegated to missing 75 SP.