Abit Witness Update 2017-04-01, and WARNING to Authors and Steem Dollar holders
Upgraded to 0.18.1.
Base account creation fee set to 1 STEEM (effective fee would be 1 * 30 = 30 STEEM).
Recently Steem Dollar is getting too strong, so witnesses are expected to take actions -- change parameters.
My interest rate is set to 0, so hoarding is not encouraged;
My price bias is set to -50% temporarily, and it's subject to change according to future market conditions.
//Update on 2017-04-03: because SBD price dropped back, I updated my interest to 0.1% and bias to 0.
//Earlier Update:
Changed the title a bit. Adding a warning below
WARNING: Consequences of The Parameter Changes:
* Total Supply of Steem Dollars will increase faster than usual.
* You will earn MUCH MORE Steem Dollars (+50% is expected) than usual by posting
* If you use the "Convert to STEEM" feature in your wallet in the near future, you will suffer a big loss (-33% is expected). If you want to cash out your Steem Dollars, sell them directly.
More discussion / explanation is here: https://steemit.com/sbd/@timcliff/attention-sbd-converters-please-read-important-information-about-sbd-steem-conversions
Well that is a positive seeing that you guys care about the situation. I am sure the whole community will appreciate this!
Thanks for the update. Awesome insights. Lost without 'em.
I was wondering, how witnesses would influence the supply of SBD.
thank you very much for notifications, good jobs :)
Thanks for the heads up, @abit.
Haha, it's great to see this kind of content 3 months after, to see the evolution. Cheers from Switzerland Mister Abit. MORE! Feel free to change your idea by checking my monkey content. =)