The current value of SBD is now $0.97 and maybe lower on other exchanges.
This means witnesses should take action. I have not adjusted my APR, but a few other witnesses have raised their APR.
I have however, adjusted my feed bias to 10%. Assuming top 20 witnesses follow along, this will protect the internal exchange rate from any downward volatility.
Not much else to report, my witness has been running perfectly smooth for months without any missed blocks.
I have however, become a part of the PAL project. You should join the Peace Abundance and Liberty Discord, the home of the Minnow Support Project ran by @aggroed, myself, @ausbitbank, @teamsteem, @thecryptodrive and many others! https://discord.gg/wzsaxvC
Do you like what I'm doing for STEEM/Steemit?
Vote for me to be a witness - every vote counts.
Don't forget to follow me for more like this.
Have you ever thought about being a witness yourself? Contact me on STEEMIT.CHAT, or just ask in the witness channel. I'm happy to guide you! Join in shaping the STEEM economy.
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I'm gonna wait it out and observe a little bit longer (<24hrs) before I make changes, but I agree and will adjust my bias and APR after that.
I'm going to watch it a bit before making changes. The whole crypto market is going down hard right now and if it turns around quickly, we could see a quick correction. There's already a mechanism in place to bring the SBD price up via those who are willing to convert it for STEEM, so (in theory) that might be enough to keep the peg stable as people destroy SBD to get cheap Steem.
Your post just raised my hope as a newbie. I was beginning to wonder, if the downtrend will/can not be corrected by some wit mechanism. Thanks for this post. And I just voted you as a witness.
Iv'e noticed this before. Seems to be a lag between price and witness action.
I just voted for you as witness. Could you point me to an article that explains how to transfer golos from bittrex to a golos account? I can't find it anywhere.
Great Job on all your work.
I'm glad to hear you're part of the MSP. Thanks!
thanks so much this makes my life so much more easy
Thanks alot !
great post, i love the APR system on steemit! made a good amount doing so!
nice post. very interesting.
I don't know if this helps but I've changed to doing 100% SP posts instead of the conventional 50/50.
Let's hope we can get SBD back to $1 and stop it lingering around $0.9
Thank you for your work!
Yes, I witnessed SBD lower then $0.97. You can count on me.
I have changed the FollowBtcNews witness to 3% APR for now.. I agree @someguy123
I am a huge tech noob and don't know nothing about all of the witness programs and I didn't understand a single word in your post (well, not totally true, but most of it anyways lol), so this is not why I am here on this thread. I just wanted to show my appreciation to you for being a witness together with all the others, because I couldn't be writing here without you guys. So, a big thank you!
Thanks you very much for this post
Let's see some 20%+ APR! That should do the trick!
Thanks for the update. I already voted for you days ago. I voted within days of joining. Trying to read and catch up as much as I can to remain informed. Keep up the good work!
Thanks for the update.
Upvoted, followed, resteemed and Voted witness
We gotta also get people stop selling off 1000's steem back dollar a day from here
Thanks for the support.
Awesome job sir casting you a vote!
@someguy123 Joke apart! Can someone explain to me what 'witness' is all about or if possible a link where I can understand it from. Thanks to all that cares.
This post I did a while ago may help. It links out to the Steemit FAQ as well.
Great man thanks!
Good call to action and thank you for taking action. Appreciate the effort and the work with PAL. I have gotten involved with that project as well issuing delegation and participating in the chat.
Thanks @someguy123
This downturn and the subsequent posts buy a few witnesses is making it super easy for me to cast Witness votes.
You being one of them.
Voted for you as a Witness. Cheers
You're very right @someguy123 kudos for the job well done 👍
Thank you for posting this. I just popped over to my feed, and saw TWO posts about this. I haven't been here for too long, but I did have concerns about how things are done if SBD drops below a dollar. And the community doesn't disappoint.
Now it makes much more sense. I did a bit more reading, and BAM, I now understand why this is necessary.
This is a good information. I just followed. I will like to see more of this. Thanks community mate.
I like your working on steemit. You are growing like a tree on it. good going man!
Thank you Chris, today I have started voting for Steemit witnesses and your continued support for the community has earned you my vote. Keep up the good work and leadership.
I don't know about APR... I think CPR might be in order!!!
i voted for everyone that GMUXX recommended, though i know not the ins and the out, the who's and the why's .. It's a little thing we can do for a good cause..... HolySmoke!
thanks for sharin. now I know