What is "Governance Vote Expiration"?
As you may or may not know, @blocktrades team has been developing a "governance vote expiration" system. This system will serve blockchain users to prevent inactive accounts (or even in situations where the account owner has passed away) having a say in the governance. Whether it be witness votes or DHF proposals. You can read the image below for an explanation on vote expiration, written by @blocktrades here.
Blocktrades's comments about governance expiration.
Currently, the plan is to have this feature released with the next hardfork, sometime later this year. (2021)
The way this code works at the moment (per repository inspection) that if you do not have any governance action, such as voting a witness, voting a proposal or setting on a proxy for a whole year -- all your witness votes, proposal votes and proxy will be automatically disabled.
Lets say you voted
deathwing as a witness on June 14th 2020 and after that, you never voted anyone as a witness nor participated in DHF proposals (you never supported/unsupported any) that means, your witness vote for
deathwing will expire on June 14th 2021. (Please note that this will happen after the hardfork should the period be 365 days (which it is at the moment))
If you don't want your witness/proposal votes to be automatically removed, all you have to do is keep track of what is going on around the chain and regularly updating your DHF and witness votes. Remember, voting for disabled or stale witnesses or proposals whose owners are not justifying their DHF payment, is a bad thing to do.
Vote Expiration Tool
To find out right now (or even at a later date) whether or not your votes will expire, you can check out governance.deathwing.me where you can input your username and see when was your last governance action.
If your last governance action is currently valid.
If your last governance action is invalid and has expired.
Governance Expiration Simulation
To see how the current Top 200 witness list would look like, myself and @rishi556 have simulated a "governance expiration" please keep in mind that this simulation only takes into account votes done on or after July 1st 2020.
If by July 1st 2021 (Deathwing's assumption of the hardfork date™) no one updates their witness and DHF votes nor set a proxy, Hive witnesses would look like the following list. Please do note that users marked with an "X" under Disabled/Stale column mean that their witness was disabled or consecutively missing blocks/on an older HF version (stale) as of when this post was written.
List of witnesses on July 1st 2021 With Vote Expiration Applied: (again, Deathwing's assumption of hardfork date™)
Please note that the following list does not take "30 day vote delay" into account.
This is the current status of witnesses.
When we look at our current votes, we can see that @blocktrades went fown from approximately 135 billion VESTS votes to 85 billion vests, same thing with @gtg moving from 135b to 83b @peakd (@steempeak) rose from 8th to 3rd in the simulated results as we can see other changes throughout Top 20 with @good-karma and @ausbitbank and others changing their spots while @emrebeyler becomes a consensus witness once again as @abit loses his spot.
Off-Topic: Remember to never click on any suspicious links you receive as a comment, promising you free money and airdrops. Do not give your private keys for airdrops. There's been a lot of these going around lately.
If you receive suspicious comments/Discord DMs/Telegram DMs from "Hive Official Accounts" of some sort, it is very likely that they are attempting to scam, make sure to verify on Hive Discord/Hive Telegram before proceeding with anything, for any official announcements, please follow @hiveio account.
Make sure to check your witness votes, proposal votes, recovery account ever so often to verify their current status.
If you like what I am doing consider supporting me as a witness, also, I'd be happy if you can support my friend, @rishi556 who has been working together with me in various different projects!
You can do so using the following links: