The Bank of Neoxian: Update, November 2019, APR: 6.25%

Hello all,

It's that magic time where I give the monthly report on my Bank (and things in general).

APR: 6.25%

Tribe

My Tribe remains active. The City now exists in 3d space on a Minetest server:
https://www.neoxian.city/neoxian/@neoxian-city/there-be-treasure-in-thar

The Spi-Invest project has decided to invest in my tribe, with their new Spinvest-Neo initiative.
https://steemit.com/spinvest/@spinvest-neo/announcing-spinvest-neo-combining-neoxag-spinvest-securities
This has helped bolster the price very nicely lately.

Also, with the help of @eonwarped I have imposed a 20% neoxag tax to those posting on my tribe who do not use my app: neoxian.city. Those who do use neoxian.city are not taxed. The "tax" is burned (goes to neoxianburn)

Shortened Steem powerdown time = Potential Threat to Bank.

There is talk of reducing the powerdown time of Steem from 13 weeks to a mere 4 weeks. It's not 100% sure this is going happen, but it seems likely to happen, unfortunately.

I do not agree with this change. There is no real need for it. It will not moon the price. Stupid tricks like this will boost the price of Steem. We need actual innovation, not endless tweeking of dials.

I believe this change will hurt my bank and I will probably shut down the Bank if this change is made.

Taking accounts as collateral is the primary mechanism by which I secure 80% of my loans. The steem power being locked up for 13 weeks is a key part of this.

I'm going to have to keep a very close eye on collateral accounts if they can be drained in just four weeks, it's already a huge hassle the way things are now.

Also it will reduce the demand for my loans. Many people who were not willing to wait 13 weeks for their powerdown to happen might be willing to wait a mere 4 weeks (or less).

I see no need to keep running my bank in an increasing hostile environment. It's not like I make that much money now. Running this bank is a pretty big pain, with little rewards, and frequent defaults, so fuck it. I'm willing to keep doing it with 13 weeks powerdowns, but at 4 weeks, that's too much.

If I do shutdown, obviously depositor money will be returned. Anyway, we'll see what happens.

Depositor Report:

Depositor	Amount	Currency	Monthly interest	New Amount
jznsamuel	28.373	sbd	0.147	28.520
sevinwilson	85.119	sbd	0.443	85.562
sevinwilson	1362.802	steem	7.665	1370.468
ekavieka	29.508	sbd	0.153	29.661
runridefly	113.492	steem	0.591	114.083
legendchew	26.746	sbd	0.139	26.885
smitop	113.758	steem	0.592	114.351
darkflame	10.424	steem	0.0542	10.478
sames	27.734	sbd	0.144	27.878
theb0red1	15.555	sbd	0.0810	15.636
artgirl	45.302	sbd	0.235	45.538
loler555	32.671	sbd	0.170	32.842
khan.dayyanz	5.078	steem	0.0264	5.104
weedcash.rewards	64	neoxag	0.333	64.333
anarchy999	62.978	neoxag	0.328	63.306

• Numbers rounded for display purposes.

Best wishes and happy banking.