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RE: Drakos Witness Update 2018-03-11
I don't understand the logic to set the bias to zero. If the bias is helping to drive the SBD to its intended value, and it is still 250% of its intended value, then why stop before it reaches the intended value?
It's a consensus parameter, we need the top 20 witnesses to do it in order to have any impact. You can consider my gesture as symbolic, since it had no impact whatsoever on the price. It was decided by the majority of the top 20 not to modify the bias and let the peg resolve on its own. A few months later, it is doing so, but that's because all the crypto market is downtrending.
Thanks for answering. I didn't realize that it is set by consensus. In that case it makes sense. No point in having a symbolic protest vote when the urgency for such a move is decreasing anyway.