State of the Witness #2 - SBD in a decline, increasing SBD holding interest to 2%

last month
59 in witness-category

state-of-witness-banner-2.png


Well, Steemians.. I can honestly say I did not expect to be posting a Witness Update so soon, but the falling price of SBD kind of calls for it.

Screen Shot 2017-07-10 at 4.52.13 PM.png

The above graph shows a continuing downward trend of SBD/BTC for the past 5 days. As of right now, the price of SBD is hovering around $0.872557.

As witnesses, it is our job to monitor these prices and ensure SBD maintains as close to $1 value as possible. To do my part, I have increased my SBD holding interest to 2% on my Witness.


Vote @netuoso for Witness

  1. Go to the witness voting page on SteemIt.com
  2. Scroll to the bottom of the page and locate the vote box (shown below)
  3. Input my name (netuoso) and hit vote.
    Screen Shot 2017-07-08 at 4.49.38 PM.png
  4. Give yourself a high-five for making such an awesome decision

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Sort Order:  trending
46
  ·  last month

Well as we all know Bitcoin is the ocean in which everything else are just boats... If the tide goes out then the boats get lower... But we must remember the tide always comes back in raising all the boats again

58
  ·  last month

Nice job, way to be proactive. How long have you been a witness? Sucks sbd fell that far, wow!! I've been travelling and havent been able to keep up!

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59
  ·  last month

Announced my witness an hour ago and have been campaigning for votes. The support of @minnowsupport is helping me out.

Keep an eye on my blog for updates. I will try to keep them as frequent as needed but I plan for about one a week otherwise.

59
  ·  last month

Ug, I needed to cash to USD for bills! Grrr!

You have my witness vote :)

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59
  ·  last month

It will come back. Hopefully you can hold out

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59
  ·  last month

What goes up... Lol. Yes, I know. I'm stubborn, I'll hold out ;)

57
  ·  last month

Good move but I want to what the 2 percent will achieve. Did other witness do this as you did? Are you already a witness?

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59
  ·  last month

Other witnesses are choosing even higher interest percentages.

It incentivizes holding SBD because you will earn interest on your holdings. Don't sell SBD today if you can avoid it.

Yes, my witness is on the network, ready, and accepting votes.

41
  ·  last month

What is the best source that I can learn about SBD and how the interest of SBD works?

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59
  ·  last month

Not sure about a particular guide for that at the moment, however, SBD are basically an IOU that STEEM will pay back $1 worth of STEEM at some point. Witnesses can set higher or lower interest rates on holding SBD to encourage holding more.

45
  ·  yesterday

I have voted for you as my witness. Thank you for your support @netuoso