LeoFinance Witness Summer Campaign To Consensus Witness

in LeoFinancelast month

leofinance.png

A couple of month ago I started a campaign to bring LeoFinance Witness to the ranks of top 20, also knows as consensus witness status. The power of decentralized networks is in participation. One of the reasons I have been obsessed with Hive for the last four years is its idea to deliver a better network to the world. A world that doesn't rely on centralized entities. A decentralized network that empowers creating Apps, Games, Communities and beyond. We truly have something amazing here on Hive.

For me personally all topics of decentralization start with Bitcoin. I am obsessed with Bitcoin as well, how it provides an alternative to traditional financial systems without relying on any centralized entity. While Bitcoin uses prove or work algorithm to achieve its goal, Hive uses DPOS(Delegated Proof of Stake) algorithm to reach consensus. DPOS in its simplest form means that stakeholders (those who have Hive Power) get to vote and choose the rankings of the witnesses on Hive, which also means decide who will be the consensus witnesses.

Consensus witnesses are the top 20 ranking witnesses. They get to decide what protocol gets to be implemented on Hive, which hardforks are approved or rejected. Technically consensus witnesses are 20 + 1. One is from the pool of backup witnesses who rank 21 and below.

So, DPOS means people get to vote for witnesses (who keep the chain secure and make important software change decisions) and the influence of the vote is measured by how much hive power voters have. But at the same time Hive is unique compared to other blockchains with its social layer. This social layer allows us to network and influence each other and other stakeholders in making such decisions like voting for witnesses.

Fundamentally, Hive stands for free speech and exchange of idea. This makes us all Hive people be able to express our ideas, opinions, criticism about the our blockchain and also suggest ideas that may help us move forward. But most importantly it gives us the freedom to contribute to this noble ideas of spreading ownership of property, building communities in a meaningful way, and sharing this with everybody else. This makes Hive a beautiful place to be in and part of efforts to change the world for better.

Decentralization requires participation. More participation makes decentralized system stronger. For this reason I do like speaking up from time to time when it comes to the matters of governance on Hive. I am a small stakeholder. But I believe, the platform Hive provides gives voice to all stakeholder share their ideas with larger stakeholder and convince them to take or not to take certain actions.

When I first started the LeoFinance campaign a couple of month ago, LeoFinance witness was ranked 28th with 63,820MV votes. Today LeoFinance is ranked 24 with 72,782MV votes. I actually thought by now LeoFinance would be in top 20. Considering all the amazing things LeoFinance has been doing on Hive, it is no brainer for any stakeholder to have this witness among the consensus witnesses. Let's give it another try and bring LeoFinance to top 20. Shall we?

The beauty of speaking about LeoFinance is so easy. Their work speak for themselves loudly and clearly. In fact, many stakeholders expresses these thoughts, and thanked for reminding them about this matter. Because the would love to have LeoFinance in top 20. This includes several large whale stakeholders too.

Of course in a political arena there will be obstacle, misunderstanding, and differences of opinion. Some of the witnesses even told me why I am campaigning for LeoFinance in the first place. I find such thinking ridiculous in the first place. Because the answer is simple, I am a Hive Bee, and that's what we do or should be doing - participating in decentralization. Oh well. No, I don't get paid for campaigning for Leofinance. I simply believe it is a great witness, App, and a community that deserves to have a voice in making decisions where Hive is heading.

Why Vote for LeoFinance Witness?

Because it is AWESOME!

Ok, details.

Hive is a blockchain and network that empowers everybody to build communities and apps. LeoFinance has done both in an extraordinary fashion. Read my Hive Engagement And Rewards Distribution By Communities for 2021 and look at the stats. It is undeniable that LeoFinance beats all communities when it comes to engagement with 335,670 posts and comments. Second closest is GEMS community with 135,775 posts and comments. When it comes to Hive payouts LeoFinance comes second with paying out total of $251,443.95 in rewards for 2021. Highest Hive rewards payouts were by GEMS with $286,206.15. But the third place goes to Hive CN with $100,988.61 in Hive rewards. Do you see the difference? This doesn't even take into account all the rewards paid out in LEO tokens, which would at least be the same of Hive rewards if not more. Let's not forget Leo price was much higher than Hive for the most part of 2021.

LeoFinance made tribes cool. Hive-engine team did a great job delivering tools to build communities empowered with their of tokenomics. And LeoFinance showed how it can be done successfully. If you look at LeoFinance App, it is not your generic tribe front-end, it is more interesting, it has more features and tools to offer. @minnowsupport has an application process in approving witnesses. I was able to submit one and it was great to see they approved it with no issue and voted for LeoFinance, because they know how LeoFinance takes care of minnows of the platform as well. I would like to ask and encourage hive-engine and minnowsupport leader @aggroed and everybody who is involved with these projects to cast his vote for LeoFinance as well. Why not?

If I am not mistaken, LeoFinance has been a witness just less than a year or a year. In this short time this witness has achieved in Apps building and Community building that we all wish many Apps and Communities can do on Hive. We can proudly point to LeoFinance in making a pitch to other what is possible on Hive. LeoFinance is not just a leofinance.io front end for Hive. It has built Apps like LeoDex, Hivestats, LeoPedia, and the biggest one of all is CubFinance.

LeoFinance being one of the most dedicated witnesses on Hive, has been building Apps for Hive community and bridges to the other crypto world. First they pioneered WLEO (wrapped leo), so Hive users can participate in defi economies. Then they came up with mind-blowing platform of cubdefi. Just think about it. Cub is not even a tribe token. Cub doesn't even exist on Hive. But it originated on Hive and moved to its own platform. This process created bridges from Hive to defi platforms. I am sure Hive people like @edicted, @taskmsaster4450, @onealfa, and @nealmcspadden can explain this magic in better way. Read their blogs to see what how awesome these developments are.

Lastly, LeoFinance is a relatively newer witness compared to most in top 20. Most in the current top 20 witness rankings have been there for years from the beginning. Some got in there during the hostile take over times as a measure of defense. It is time to look for the future and consider all that has taken place within the last year since the birth of Hive and evaluate things accordingly. I understand we may get complacent and satisfied with status quo. We should also understand that decentralized technologies have competitions. We should participate in governance for better of our home, for better of our tech. So we can share it with the rest of the world and be proud of it.

There are million reasons you should be voting for LeoFinance as your witness and as a pioneer in a decentralized space. LeoFinance is dedicated to Hive, building and taking Hive to the next level. Its performance is all the evidence you need. It is on the chain and immutable. Moreover, many Hive people are also Leo people. Hive people really would love to see LeoFinance among the consensus witnesses. What do you think @blocktrades, @smooth, @gtg? You two can easily make this happen. And I also wanted to make a new pitch for summer times. Thanks.

Power is in community effort. If everybody who wants LeoFinance in the top 20 acts together and shares how awesome LeoFiance is, this will happen sooner. It is inevitable.

Since the post size limit doesn't allow me to include a large list of user who have not voted for Hive yet. I will be adding them in the comments. Please take a look and if you see familiar names, remind them to vote for LeoFinance. You will be surprised to see how many will appreciate such actions.

Remember, decentralization is about participation in governance and that's what makes Hive a great place and a pioneer in crypto space.

Let me know what you think in the comments.

Posted Using LeoFinance Beta

Sort:  

I'd prefer they don't move any higher till they can do the job. Update your price feed guys it's been 2 months now. I vote them currently, will unvote if they rise further without fixing this.
image.png

This is true and doesn't look good

Posted Using LeoFinance Beta

Will update every minute once consensus witness. They will get it fixed, don't worry. Why you hate high prices? :)
P.S. They can do the job the best. You know that.

I don't though .. I brought this up a week ago and nothing has been done still. They're failing at the job, right now. And once every 6 hours or after 5+% movement is fine, every minute would be spammy and pointless. This is asking for a promotion before you'll do the job :P

You know what I mean by every minute. Whatever is optimal.
By the way take a look at my previous post about Hive prices in exchanges. :)

All of the opinions in the post are mine alone, and doesn't represent LeoFinance directly. I am just sharing how awesome they are, and participating in Hive governance by doing so.

Fair enough, I'm doing the same. I fully expect this post to trend and thought a public comment might help sort the issue sooner ;)

Great post, bookmarked for a future project thanks

Once an hour at most is sufficient. The blockchain only reads witness price feeds once an hour so more than that is just spamming the blockchain.

I noticed the price feed hadn't been updated for two months, too. In fact, I went back and checked because I thought for a moment it was two months since they had submitted a block. You've mentioned that these are your opinions (which is good), but you're not in a position to commit @leofinance to do things which they aren't doing at the moment.
You've listed all the high ranking HP holders (including me) - I would have preferred to have seen a link to the rankings rather than having to scroll all the way through the list to get to the discussion. But that's a small point. My main one is this: I'm wondering how many of the accounts active on leofinance and, frankly, getting disproportionate rewards for the briefest of posts, are voting for leofinance as witness. It is the list of non-voting leofinance-using accounts that I would like to have seen displayed.
I have voted for leofinance as witness but, like @ausbitbank, I will be keeping an eye to see whether their price feed is updated.

Regarding the list. I was planning to upvote and push the comments/discussions up, so that there is no need to scroll through the list comments. The list is NOT leofinance using accounts. List is HIVE stakeholders with 10k HP and up that haven't voted for Leo yet.

My point has always been that decentralized networks require participation, especially in governance, to make the network stronger and more vibrant. So, saying LeoFinance is Awesome not only is a fact, but also participating in governance. We should al do this. That's why I posted the lists. Networking in the most decentralized fashion. :)

Thank You for the vote and participating in Hive governance. I hope price feed will be resolved soon, or even better Hive price will catch up to the feed. :)

Hello there @geekgirl, I know what the list was.

That's not how it works. And updating every minute would be a horrible idea.

They can do the job the best. You know that.

Based on what?

lol. That was my ignorant answer based on no knowledge of how frequently price feed should be updated. I simply meant that updates and all witness doings would be done in the bestest manner.

To answer your question, based on SKILLZ. Which super awesome leo skillz are you interested in learning more about? Perhaps I will make a special customized pitch just for you. I saw your unvote. Not cool. :)

You have missed 1059 blocks. How dare you to miss blocks? lol. joke.

I simply meant that updates and all witness doings would be done in the bestest manner.

But they are not. They are being neglected and I’d put money they won’t be present for HF25 when work is being done and discussed.

I saw your unvote. Not cool. :)

Actually very cool, I vote based on performance and my faith they can secure the chain by being knowledgeable, present, and moral. I don’t vote because I like someone.

You have missed 1059 blocks. How dare you to miss blocks? lol. joke.

I missed 900+ blocks during one hard fork that had issues completely out of my control. This is the result of consistently being on of the first witnesses updated. Outside of hard forks I miss fewer blocks than most everyone. The vast majority of my missed blocks (like 99.8%) are
at the time of hard forms. Many witnesses wait until all the work is over and then update, I’m there in the trenches every single time.

I was joking about missed blocks. You are one of the most knowledgeable, skillful, and responsible witnesses. I have no doubt about that. It is great to have you as a Hive consensus witness.

Regarding, everything else - we at LeoFinance building the bestest products on Hive blockchain for Hive people. We are busy building the killer apps that will take Hive to mass adoption and show the world how awesome Hive is, and share Hive network with the rest of the Earthlings. We are busy with super important stuff, who has time for discussions. (that's what I would say if I were Leo.)

LeoFinance for Hive President Top Witness - 2021.

"Take Hive to the Moon and Beyond"

This is so cool @geekgirl. Thanks for the reminder. I am going to let a few of my friends know about this so that they can vote for LeoFinance Witness. I am already voting for them since long back.

Posted Using LeoFinance Beta

I'd love to see that happen. LEO has done so much for Hive. Their expertise could be a great assets. LEO made some of the best financial decisions on Hive.
!PIZZA

Posted Using LeoFinance Beta

Connect

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@geekgirl! I sent you a slice of $PIZZA on behalf of @d-zero.

Learn more about $PIZZA Token at hive.pizza (5/10)


Your post was promoted by @jfang003

Leofinance is pretty awesome and deserves to be in the top 20.

Posted Using LeoFinance Beta

Very good effort in getting Leofinance close to consensus witness. I think your second try now maybe successful.

Posted Using LeoFinance Beta

@shanibeer might chuck the leofinance witness a vote if she's got any spare slots.

Posted Using LeoFinance Beta

Thanks for the tag and I have voted, but they're on probation: an ambition to be a consensus witness and you haven't updated your price feed for two months?

Well to be fair, the witness node has always been (to my understanding) only a side project for khal, mostly for awareness. He has never actively asked for votes or whatever.

But to be fair again, at #24 its a bit embarrassing that the feed is stale for two months 🤣

Posted Using LeoFinance Beta

Yeah, I take your point, maybe more to do with the post op, but I agree with you about #24.

Oh OK that is a bit crap

Posted Using LeoFinance Beta

I was also about to comment about their price feed update and I'm glad that someone already did. I hope someone who is responsible for the witness is reading about this. Currently, I'm also voting Leofinance but I also notice that I'm voting a few more witnesses who are not updating their feed price.

I guess there is a simple script available that is being used by many witnesses already to update price feed regularly. It shouldn't be very hard to keep that script running to do the task.

501david.steem14177014177
502maini14109014109
503rajib2k514089014089
504jessica.steem14028014028
505qwerrie13906013906
506trincowski13857013857
507sunshine13788013788
508bridgetbunchy13787013787
509steemchali13779013779
510tamiil13738013738
511pele2313722013722
512neuerko13713013713
513wwmiv13709013709
514orwellepitome13704013704
515beauty13623013623
516rockz13590013590
517mjmitche13539013539
518hivewatchers13512013512
519mauromar13504013504
520marketingmonk13481013481
521newigennity13480013480
522bowess13430013430
523heeyaa3513362013362
524nanosesame13351013351
525dougwhittemore13337013337
526ddrfr33k13259013259
527yehey13241013241
528johnlauderdale13160013160
529synrg13114013114
530noboxes13093013093
531yugen36913081013081
532catwomanteresa13062013062
533sandalphon13060013060
534jiff13027013027
535fijimermaid12993012993
536bondjamesbond12990012990
537msbc150912978012978
538intrepidthinker12953012953
539vollumc12915012915
540musicvoter212913012913
541brumest12871012871
542bossel12869012869
543pandasquad12800012800
544storyseeker12764012764
545steemitboard12696012696
546seoinseock12691012691
547cyberdemon53112672012672
548bitspace12581012581
549eroche12565012565
550counterterrorism12552012552
551dsc-r2cornell12493012493
552okotsteemit12484012484
553aabahee12469012469
554hattaarshavin12442012442
555bearone12441012441
556ned12427012427
557standingstart12416012416
558hiddenblade12396012396
559andrewmcmullan12384012384
560azabu12380012380
561mytechtrail12373012373
562valjeanne12351012351
563browery12327012327
564hooshang12322012322
565doitvoluntarily12319012319
566jgullinese12316012316
567tysler12298012298
568teammo12277012277
569acram6412261012261
570dmilliz12253012253
571steemit-jp12236012236
572willowwisp12223012223
573wimmetou12197012197
574steemitpresident12196012196
575steem-buzz12183012183
576bigbang12177012177
577amirl12166012166
578modemser12162012162
579spooks12159012159
580eric-boucher12112012112
581shmoogleosukami12104012104
582herzmeister12062012062
583cezary-io12061012061
584da-dawn12023012023
585dong26251411990011990
586jseomun11962011962
587ruth-girl11954011954
588elizabethbit11952011952
589alefa11930011930
590ctrl-alt-nwo11922011922
591stephen.king98911896011896
592green11895011895
593violetmed11893011893
594silvertop11866011866
595zahnspange11865011865
596barski11830011830
597cm-steem11804011804
598lemony-cricket11803011803
599justinw11801011801
600jaster11800011800
601simav711792011792
602blueeyes896011769011769
603inji11764011764
604admljy1911762011762
605artcentral11740011740
606activistpost11709011709
607vander11705011705
608jenn11691011691
609thelindvall11671011671
610loveforall11665011665
611wehmoen11659011659
612tookta11605011605
613kristall9711594011594
614hiverocks2311589011589
615irina-ari11575011575
616jrsteempower11552011552
617andyjaypowell11529011529
618theb0red111523011523
619lylm11514011514
620justclickindiva11460011460
621pladozero11428011428
622nasgu11414011414
623conformity11411011411
624clains11402011402
625zyx06611396011396
626r00sj311371011371
627chefsteve11364011364
628boddhisattva11352011352
629mantishands11331011331
630mrspointm11330011330
631dimimp11296011296
632jamesbattler11296011296
633reimu11273011273
634boxcarblue11271011271
635gammastern11269011269
636blumela11259011259
637sjarvie511234011234
638phusionphil11192011192
639riott11191011191
640alexandra-renee11189011189
641netuoso11187011187
642discohedge11187011187
643arthuradamson11175011175
644forecasts11168011168
645kalimdor11160011160
646blackrock11160011160
647university11160011160
648hauruck11151011151
649codingdefined11136011136
650freeforever11113011113
651jchch11093011093
652morkrock11090011090
653nicniezgrublem110855989470979
654mm10011084011084
655ph-fund11054011054
656bwd5711021011021
657bobba201911005011005
658docudai-jun10996010996
659pfa10969010969
660muyoung10952010952
661mrpointp10924010924
662koychev2210903010903
663iiuc3amkessq10897010897
664oceanplanet10893010893
665bartheek10870010870
666thatkidsblack10866010866
667relativityboy10846010846
668sports.guy5510843010843
669backdraft10818010818
670moon32walker10816010816
671jaybird10794010794
672devann10769010769
673mrrevilla10719010719
674sabrinax10718010718
675metzli10717010717
676accountsale10713010713
677elhazzz10703010703
678partiko10697010697
679ilanaakoundi10696010696
680ethansteem10690010690
681mr-altilis10684010684
682hauptmann10659010659
683tizswa10647010647
684kingephraim10646010646
685hillofbeans10635010635
686pedrocanella10629010629
687beast271110622010622
688sesises10617010617
689ltfund10610010610
690ireenchew10604010604
691benedict0810600010600
692iris-blue184710590010590
693altonos10565010565
694willowranger10562010562
695carsonroscoe10559010559
696compa8ke210507010507
697ecclestone110501010501
698mastermel10494010494
699fundurian10475010475
700davidke2010469010469
701byzantinehash10460010460
702kytka10450010450
703heimindanger10435272303282738
704n0name10396010396
705ultratrain10391010391
706lordnigel10386010386
707waivio.guests10385010385
708dalersilfver10377010377
709svamiva10368010368
710simonjay10361010361
711pollux.one10359010359
712jerjanjo10356010356
713amazon10355010355
714aluthra710354010354
715new-steemit10350010350
716kbeller10350010350
717gregsampson10337010337
718cryptokidd10321010321
719karamyog10318010318
720txatxy10316010316
721flipstar.sports10308010308
722enminers-vault10302010302
723denniskoray10292010292
724frozenelsa10270010270
725rachaelfinch10268010268
726atheistrepublic10253010253
727lacking10250010250
728steemmillionaire10228010228
729master-set10194010194
730danieltsao10185010185
731raah10183010183
732skenderbeu10168010168
733cabalcoffers10162010162
734pvblinda10109010109
735truce10094010094
736panql197910070010070
737steemgoat10056010056
738prinzvalium10050010050
739olumzy10049010049
740sponge-bob100421344323485
741lekhanh10017010017
742primalamusica10016010016
743smartsocial10013010013
744sofaking202010000010000

Posted Using LeoFinance Beta

I particularly know some names on this list, would feel like spam to tag them but then when I stop by their posts or on discord, I'll remind them to vote Leofinance witness.

#NameOwned HPProxy HPTotal HP
1freedom12276363012276363
2blocktrades8695810200624610702056
3darthknight334332503343325
4mottler245367902453679
5jamesc170666301706663
6trafalgar116340701163407
7roadscape104230601042306
8arhag8530920853092
9wackou7675630767563
10gtg66344326375273300970
11enki6512810651281
12self-power.com5815510581551
13recursive4912570491257
14blocktrades.com4654210465421
15neoxian4614700461470
16bitcube4555170455517
17altleft4239210423921
18hendrikdegrote4207740420774
19ramta3562930356293
20bhuz3541250354125
21systema3273250327325
22meritocracy3013470301347
23roelandp275294651986927280
24healthsquared2539190253919
25creator2533780253378
26arcange2460760246076
27therealyme2328120232812
28aggroed21655011187227737
29broncnutz2032150203215
30sean-king1845340184534
31alexna1834790183479
32investment021815210181521
33drorion1765930176593
34hasoon1718340171834
35ezrider1678400167840
36amityconcord1639200163920
37stayoutoftherz1607940160794
38someguy12315910911319170428
39dustindivitto1561190156119
40extrospect1542040154204
41penguinpablo1533110153311
42waivio.acc1519590151959
43spt-skillup1494660149466
44node11479100147910
45hanshotfirst1446680144668
46bitcointalker1243570124357
47moderator1235900123590
48daveks1233500123350
49temet-nosce1180650118065
50natsu1169440116944
51sepracore1128730112873
52coininstant1119470111947
53samantha-w1119120111912
54photoman1115990111599
55peakd1110790111079
56fw2061109410110941
57diggndeeper.com1078510107851
58pfunk10774711471119218
59shralve1074890107489
60node21074790107479
61gopaxkr1067480106748
62holger801065760106576
63cornucopia1057590105759
64plutus8881045460104546
65smasssh1020610102061
66steemik1019200101920
67biggest1004420100442
68joele99838099838
69mathfortress99259099259
70traf98030098030
71gregory-f97434097434
72vincentcestone96582096582
73jim88895751095751
74magicmonk94829094829
75b0y2k94783094783
76frot93803093803
77ubg92458092458
78eonwarped85221085221
79dhimmel85005085005
80oflyhigh8358321904762274059
81eeks83524083524
82iconode82279082279
83koinbot80857080857
84rocky179317079317
85gardenofeden79130079130
86geoffrey76400076400
87spanishgirl376397076397
88quochuy759721803194003
89kiemurainen73400073400
90cornerstone73040073040
91dragonslayer10972665072665
92larryphang70643070643
93sorin.cristescu69121069121
94luigi68556068556
95node368554068554
96solarwarrior67522067522
97r2cornell67496067496
98asgarth67062067062
99google66961066961
100marki9966565066565
101liondani66093066093
102kingfadino66044066044
103socky64885064885
104jesta64884064884
105algeorge64434064434
106flipstar62753062753
107cannonwar62256062256
108curie62000062000
109enable61384061384
110johannpiber61279061279
111ace10860605060605
112staticinstance60586060586
113livinguktaiwan60538060538
114delishtreats60343060343
115hbdstabilizer59720059720
116noaommerrr59400059400
117bestbroplayer59132059132
118lemouth586671909877765
119jl77758411058411
120gooddream57735057735
121timcliff56770056770
122ben156307056307
123jedigeiss56172056172
124administrator55568055568
125stephenkendal54850054850
126quinneaker54469054469
127diahla3153844053844
128shanibeer53754053754
129dan-bn53639053639
130whangster7953080053080
131c0ff33a5232963180115509
132rtytf52305052305
133jacuzzi52225052225
134jlsplatts515402034171881
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