Hi Everyone,
I have finally returned to posting my Actifit Report on Saturday for activity on Friday. The weather here was good on Friday for a change. I went shopping and took Mango the dog for his walk by the lake. That sounds fairly normal for me but the experience was quite different. The Covid 19 panic shopping is now in full swing. Baby nappies and frozen potatoes were close to sold out at the local supermarket. There appeared to be about double the number of shoppers. Despite all the people panic shopping, I managed to get almost all my regular items. I think I only missed out on the potato wedges.
Content Update
Since my previous Actifit Report, I have written two posts about witness voting. In the first post, I discussed changing the current witness voting system to a weighted ranking system. This is the third time I have discussed ranking witnesses. I believe ranking witnesses has several advantages over the existing system. For example, it limits control of the blockchain by very large stakeholders without greatly restricting the number of witnesses a person can support.
In the second post, I discussed how reducing the number of witness votes an account can vote for reduces the ability of a large account to control the blockchain. I believe this an important post, as many people appear to be under the impression that reducing the number of votes has little effect as a user could spread their votes over several accounts. However, this reduces the stake per account and therefore the ability to control all 20 top witnesses. Weighted ranking has a similar affect as stake has less weight over the voting of many witnesses.
Other Work
I have updated my 'Collection of Work' posts. I have included links to all my posts from the past 2 months in the collection. It is exciting to see my content all in one place. Next step will involve determining, which content to include in my upcoming books.
I have also updated my 'Guide to the Steem Ecosystem' course with a few small changes to content and additional material. These include amendments to the witnesses video and inclusion of a document explaing DPoS.
My Badges
Over the past week or so I have been awarded several new badges. I obtained the community badge for supporting community witnesses when they needed it the most. I obtained three badges for downvoting Ned, Justin, and Steemitblog. The downvoting is in opposition to the hostile takeover and the misinformation they are spreading. The Steem community is putting up a great effort and I am proud to be part of that effort. Sadly, things are not looking great. It seems the original Steem witnesses are starting to get pushed out of the top 20 as Justin continues to acquire Steem. My last new badge to mention has been awarded to me based on posting videos to 3Speak. I need to make some more videos again soon. Oh yes, one more badge, that badge is not so new but I only just noticed it. It is a badge for posting 60 Actifit Reports. I believe I am about to hit 80 reports.
Wild Price Ride
Source: CoinMarketCap accessed on 14/03/2020
The price of Steem has been wild to say the least. Fears about Covid 19, users buying Steem to support witnesses and lack of liquidity caused by exchanges powering up has caused the price of Steem to jump and fall rapidly. The price of Steem has ranged between $0.08 and $0.23 in just one week. That is a lot of potential for profit. Many would have missed out by the lack of liquidity.
That brings me to the end of this Actifit Report and Update. It has been a crazy week. I wish you all the best. Have a good weekend and stay healthy.
