Witness clayop Update 2016/10/31

The last week was very interesting for me. I had two interviews with two great authors and these were really enjoyable and invaluable experiences for me. My personal backgrounds and trajectories are described in @nextgen622's The Witness Files and my thoughts on Steem Dollar(SBD) pegging issue is explained in @infovore's SteemMag.

This week, I started to buy up SBD at fixed rate of $0.95 ~ 0.97(if elected as the top 19 again) in order to improve pegging (See here for details and picture below as a record). Although I have very limited fundm approximately $7,000 at the moment, I cannot effectively influence the market. But if you are going to sell SBD, please keep in mind that I will buy up at $0.95, so do not dump at a lower price. At the same time, I began to be doubtful about the effect of SBD converting, as mentioned in SteemMag. In short, while the SBD converting reduces SBD supply, it may boost Steem price decrease (SBD converting consisted of 31% (91k STEEM) of total net transfer to external exchanges that was 291k STEEM last month) and consequently will increase the debt ratio. When I decided to stop it, I will announce in advance.

At the same time, I removed my price feed discount because 1) I am not sure discounting works as expected, and 2) Since I am doing SBD converting and the discounting benefits me, I think I need to be self-opposite or at least neutral.

I will try the brand-new code, Chainbase, when it is examined by code professions (like @xeroc who already made three issues on Github). As always, I am supporting Korean community's growth, and my witness votes are on many new and active witnesses. Thanks for your time.

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