Adjusting My Price Feed Bias
Following a few other witnesses, like @pharesim, @abit, @liberosist, @reggaemuffin I decided to slowly adjust my price feed bias, in an attempt to cope with the current SBD pumping.
Right now I'm at 200% from 0. I will monitor over the weekend other witnesses price feeds and adjust accordingly. @pharesim is over 1000% and @abit over 4000% but as other witnesses join they may decrease their bias.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):
what is bias?
It shifts the rewards towards more SBD to increase the SBD supply. This should help keep the SBD peg to USD.
Thank you, I think it is needed. Do you know why so many witnesses are not doing this? Just curious, are there any dangers?
I really don't know, and I don't think there are any dangers. But I'd rather follow in the footsteps of more experienced (and heavy) witnesses for now, probably others are also waiting for signals from top 19 / prominent witnesses.
Yeah have literally no fucking idea what your talking about.
Care to explain?
well I guess, just like me brefore reading this article, they didn't know what bias was
When I joined steemit, i had an impression that 1SBD would be pegged to 1USD, or the difference would be +/-0.20. But SBD has gone south😕.
Can you make a post explaining what adjusting this priced feed biased does?
so sbd coming down in few days ?