Witness Update | Looking For Feedback on Fees

in blurt •  4 years ago  (edited)

A quick update here

First I want to say Kudo's to the Blurt dev team for their hard work bringing updates to the blurt world front end, and also to those working on longer term ideas and development such as next hard fork.

It's particularly helpful that we can now see the fee associated with each action on the chain, the transparency is good!

I also want to thank those that have voted for my witness, I appreciate the encouragement! 🙏

I'm an advocate for low fees.

With the introduction of fee's to eliminate the threat of mass spam attacks we're now seeing the costs associated with using the Blurt blockchain. I don't want the fee's to be a barrier to entry, and believe they need to stay as low as possible while still preventing the threat of spam. I realize that with the current setup all BLURT earned from publishing goes entirely to Power Up, meaning that it's likely some people will need to Power Down some BLURT in order to publish more frequently, or possibly at all.

I will tell you that the development team is very open minded and the current structure with 100 Power Up may change as soon as the next hard fork.

Actual Fees

Upvotes, comments are costing me .002 BLURT while a re-Blurt cost me .003 today. Then there is posting, for example this post which will likely be under 300 characters and contain one hi-res image will cost me around .023 BLURT to publish.

Feedback Needed

Everyone's experience is different and valid, please let me know below in a comment how the fee's impact your experience if at all. Are they too high or too low in your opinion.

I don't want to assume that because it works for me, it works for you. I have my own unique experience, I have very little liquid BLURT but it seems to be enough to work with for now. But I don't want to assume this is the same for everyone else.

Please let me know below how fee's are impacting your experience if at all? Are they too high or too low?


Please consider voting my witness here, every vote counts 💕

-Agr8buzz

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  ·  4 years ago  ·   (edited)

I have been noticing Lately with some bigger posts and photos that fees could be lower for sure. The rewards are coming up nicely and HF2 should bring 50/50 so that's a plus.

Issue I am finding is needing really high blurt power to vote and earn curation

  ·  4 years ago  ·  

also cost 0.026 BLURT to update my post & 0.003 to reply to your comment. I'll have to agree, it should be lower, there's room here to bring it down.

  ·  4 years ago  ·  

I'm a fan of low fees. I have my fees set the same as you.

I use the tool at https://witness.blurt.tools/ to check what parameters witnesses have set.

Pretty soon I'm going to start unvoting witnesses that don't update their fees. There are a few that still have it on the default of 0.050 for the operation fee and 0.010 for the per kilobyte fee.

  ·  4 years ago  ·  

That's a good tool worth keeping an eye on. Like i said to skybuds in my reply above, I agree it should still come down. Perhaps I'll consider adjusting my fee's lower to counter the witnesses that are still on default, at least until the average comes down. perhaps we start reaching out to individual witnesses this week and see what the hold up is..