Witness Update for @bacchist (2016-11-21): 4.20 Edition
I have achieved 4.20% support for my witness!
In other news...
RobinHoodWhale
I am working to revive the RobinHoodWhale project. We are expanding the curation team, and implementing a new set of policies and procedures that will make the effort more effective.
Preparing for the Fork
I'm generally supportive of the new changes that will be enshrined by Hard Fork 16... with a couple of caveats. I think that the reduction in power down time is far too severe. I would prefer this particular change be phased in over a period of a couple months. The impact of a possible sell off could permanently cripple SBD due to the haircut at 10% (not to mention the fact that a sell off would represent a huge amount of lost equity). And I think the sheer number of major changes is far too large. It's hard to predict the effects of all the changes, and it will even be difficult to determine the causes of those effects. We are experimenting with too many variables and not enough controls... But on balance, the changes do need to happen (particularly the reduction in the inflation rate).
And the boring stuff...
SBD Interest Rate: Unchanged at 15%. I am happy with the results since witnesses raised APR.
SBD Discount: Unchanged at No Discount.
Resteemed
SBD interest rate says 13%
Yes, that is because other witnesses have begun to report lower interest rates. My witness is still configured at 15% for the time being.
Ah... got it :)
Been missing your posts. Glad to see you pounding away at these things. I do agree that changing so many things at once is very risky. When something happens it becomes speculation as to whether it was caused by A, B, or C, or any combination there in.
Especially when they have opposite theoretical results... The lowered inflation will theoretically lead to a higher price in the long run. But slashing the power down period could potentially crash the price.
Yes, I am concerned about that as well. It fuels itself too. If the price is crashing that might be incentive to power down briefly NOT to cash out but to convert to bitcoin, wait for a bit, then buy steem, and power back up. If it is crashing you'd likely end up with a lot more steem power than you had when you powered down, but such activities would tend to ADD to the problem with the crashing price.
That's the most obvious trading strategy in my head. There will be significantly more selling pressure, but lots of liquidity at lower prices. Get out those who don't want to be long term and give those that do a chance to get in lower. Seems good to me :)
Good point.
It might be best to change ONE THING at a time.
Unintended consequences and like that.
If only one thing is changed then there's a pretty good idea what may have caused it to happen...or not happen.
This post has been ranked within the top 50 most undervalued posts in the second half of Nov 21. We estimate that this post is undervalued by $7.74 as compared to a scenario in which every voter had an equal say.
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It is not inconvenient. I appreciate the contribution to the platform. I just see this a lot, on many of my posts. It kind of bums me out. :P
Hi @bacchist - I also believe going from 104 weeks to...what is it, 13? is very extreme but we're still in Beta and now's the time to test those limits, right? Anyway, thanks for the updates. I was wondering if RobinHoodWhale was active anymore. All best with it.