BlogHide Resteemssmooth.witness (63)in witness-category • 4 years agoResigning as a witnessFor some time I have found that external demands have made it challenging for me to devote the time and attention necessary to be a conscientious and committed top 20 witness. With the recent sale…smooth.witness (63)in witness-category • 7 years agoSteem dollar policy update and warning to convertersI am in agreement with the thoughts behind abit's comments With the same goals I will be adopting a similar but slightly different policy, where I do not set the bias automatically, but I will…smooth.witness (63)in witness-category • 7 years agosteemCreated with Sketch.smooth.witness updateI've updated to 0.18.1 (0.18.2 on some non-witness nodes). Congratulations to @sneak and the rest of the team on getting the release out and working with the community to reach consensus on the…smooth.witness (63)in witness-category • 7 years agosteemCreated with Sketch.Witness updateI will be reducing my vote on SBD interest rate (APR) from 4% to 2.5% as of February 1 and reducing my account creation fee vote from 50 to 30, which is the current median. My price feed discount…smooth.witness (63)in witness-category • 8 years agosteemCreated with Sketch.Witness updateSeveral witnesses have agreed to routinely make any necessary SBD interest rate updates at the beginning of each month and I have joined this agreement. The purpose of this policy is to ensure that…smooth.witness (63)in witness-category • 8 years agoWitness updatePolicy changes In preparation for the upcoming hard fork I have reduced my feed discount from 8% to 3%. Separately, I have reduced by SBD APR to from 8% to 6%. Background The fork will…smooth.witness (63)in witness-category • 8 years agoWitness updateJust a small update. After further discussion with some other witnesses (mostly @clayop, @bacchist and @timcliff) I have been convinced to reduce my feed discount. Previously it was 12%. I will be…smooth.witness (63)in witness-category • 8 years agoWitness updateI will be upgrading my witness to the upcoming 0.16 fork assuming no technical problems are discovered before December 6. I have reduced my witness SBD interest rate (APR) setting from 13 to 9%. I…smooth.witness (63)in witness-category • 8 years agoWitness updateI have reduced my SBD APR to 13% from 15%. I have done this because SBD has been consistently a bit too strong, sometimes trading with a bid above 1.00 USD (and ask significantly above 1.00 USD).…smooth.witness (63)in witness-category • 8 years agoWitness SBD pegging policy update (and more)I have backed off a bit on my witness SBD APR parameter from 20% to 15%. This is the current APR on the network as set by the median of witnesses on the network. I believe 15% is possibly a viable…smooth.witness (63)in witness-category • 8 years agoWitness SBD pegging policy updateI have updated my witness SBD APR parameter from 15% to 20% following the lead of several other witnesses who have done this. I believe this is the correct policy to improve SBD pegging at this…smooth.witness (63)in witness-category • 8 years agoWitness SBD pegging policy updateI have updated my witness SBD interest rate to 15% from 10%. My feed discount is unchanged at -12% (1-1/1.136). I have done this because SBD is effectively debt to the Steem blockchain…smooth.witness (63)in witness-category • 8 years agoWitness price feed updateFollowing the lead of @abit I have begun adjusting my witness price feed to 12% below observed market price. Although not formally announced, I had previously been using a 10% adjustment. I…smooth.witness (63)in witness-category • 8 years agosmooth witnessI’m ‘smooth’, well known and active in the cryptocurrency community since 2011, core team member of Monero and lead developer of AEON. I have not been involved with Bitshares or other DPoS so…