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Sherwood's initiative against the Elite cartel - 7 days later
Sherwood pool incentivises breaking up the Elite group by giving a bonus for unvoting their members. Now, 7 days later, I wanna share my little earnings comparison. Within one week I´ve received (rounded) 21 LSK from Sherwood (4 Delegates). During the same period I would have gotten ca. 4.7 LSK from Elite (54 Delegates).
This shows once more how much we're being exploited by this group whose main intention is "keeping most of the block rewards for personal gains". The Sherwood initiative is a good opportunity for a change, finally with prospects of success - Elite is clearly moving down. Just consider the latest Delegate Charts for Lisk. And/or learn more at https://medium.com/@4fryn/its-happening-lisk-elite-is-rapidly-falling-7266322a770b
By the way: Lisk reward "halving" (reward reduction from 4 to 3 LSK per new block) is almost here, around two weeks to go: http://www.liskdelegate.io/ After this happening, Sherwood will rise the share rate of their 50% delegates to 60% - which other delegate will do this?
Disclaimer: I´m not a Sherwood delegate or connected to them in any way. I just wanna support their initiative, cause imho it´s the best what can happen to change this current, disreputable Lisk DPos "cartel" situation.
Sherwood's initiative against the Elite cartel - 7 days later
Sherwood pool incentivises breaking up the Elite group by giving a bonus for unvoting their members. Now, 7 days later, I wanna share my little earnings comparison. Within one week I´ve received (rounded) 21 LSK from Sherwood (4 Delegates). During the same period I would have gotten ca. 4.7 LSK from Elite (54 Delegates).
This shows once more how much we're being exploited by this group whose main intention is "keeping most of the block rewards for personal gains". The Sherwood initiative is a good opportunity for a change, finally with prospects of success - Elite is clearly moving down. Just consider the latest Delegate Charts for Lisk. And/or learn more at https://medium.com/@4fryn/its-happening-lisk-elite-is-rapidly-falling-7266322a770b
By the way: Lisk reward "halving" (reward reduction from 4 to 3 LSK per new block) is almost here, around two weeks to go: http://www.liskdelegate.io/ After this happening, Sherwood will rise the share rate of their 50% delegates to 60% - which other delegate will do this?
Disclaimer: I´m not a Sherwood delegate or connected to them in any way. I just wanna support their initiative, cause imho it´s the best what can happen to change this current, disreputable Lisk DPos "cartel" situation.
As someone who followed the project since its ICO days, it is absolutely fascinating to see where it went. As far as I remember, pools weren't even a concept back then and the general idea was to vote for delegates who would use the rewards to fund projects working on top of Lisk.
Now, being a pool seems to be downright mandatory.
What I find also very interesting is that a lot of the hyped smart contract based projects, such as EOS and Tron, use variants of DPoS as their consensus mechanism, but I haven't seen a mention of Lisk anywhere. I am not completely sure whether Lisk(or Crypti, for that matter) was the first DPoS blockchain, but you'd think as the longest running chain with the biggest marketcap, it would be worth taking a look at it. I don't mean as an investment or something, just as a similar project, to see where the journey is going.
