HF22 Tests on dev | The Witness price tests
As you might now by now, we are performing live tests of HardFork 22 on the DEV Server, and require your participation.
There have been fake rumors around, let me clear them, the chain is not being split, this HF will be implemented in the main website once we are all satisfied with the tests.
I would never participate in a splitting hardfork for ethical reasons, I came to weku to help get it fixed and decentralized, not to steal it from its founders. I have been pushing for change and real decentralization by building the strength weku needs to actually become that.
My main task had been to steer it toward the blockchain resilience and security philosophy than can help WEKU become a success.
If my advice is not heard the worse I would do is move on and be done with it. (A wonderful apartment is waiting for me in Spain i just need the time to find it)
Now for the real subject of the post.
Price feed tests:
Many believe that being a witness is to create a discord channel get a delegation and start voting a few authors and oh! yeah... Rent a server and farm WEKUS each block generated.
I suppose that recently seeing how all the work falls on the only witness programming, many have realized that is is a bit more than just renting a server and running WEKUD
Anyway, there is still an unexplored part of being witness that we don't talk much about, and this is the pegging of the debt asset.
I know many don't know or care what is a debt asset... Well it is the WKD and it is supposed to be pegged to the USD by desing, however Dan never found a way to fight the impossible trinity.
And the monetary policy of these platforms is a delicate subject because badly implemented the PEG either makes the currency of the platform worthless like the Venezuelan Bolivar, or creates too much scarcity and hurts the user base...
So far weku has had the WKD pegged to WEKU in a 1 to 1, so if we take the market price as reference, both 1 WKD and 1 Weku equal to = 0.004834 Dollars (or about half a cent of dollar)
The market does not have enough liquidity still as is not officially announced and it is too young, so it would be a mistake to try any sort of pegging on the live site, but we have a test environment that reproduces perfectly the blockchian (it is actually even better than the real site hehe) So I took the opportunity to try playing with the peg to see what effects it might have on rewards and the such...
Please go and do more shit posting and voting and lok at the rewards and see if there is any difference in vote value and post payout.