Witness clayop Update 2016/11/10

Given the upcoming hardfork with new economic model, I am presenting my opinions here(inspired by @joseph). The details of update is found Here

1. Reduce inflation to 9.5%/year : Agree
2. Allocate 75% of the created Steem to the Reward Fund : Agree
3. Allocate 15% of the created Steem to the Vesting Fund as interest on Steem Power : Partially agree - I prefer 17.5~20%
4. Allocate 10% of the created Steem to the Witnesses : Partially agree - I prefer 5~7.5%
5. Increase backup witness's pay : Agree
6. Increase miner's pay : Conditional agree - mining algorithm should be updated to Equihash or other with fair mining power distribution
7. Witnesses and miners would be paid in STEEM rather than Steem Power : Neutral
8. Votes for witnesses would expire after 3 months : Neutral
9. Reducing the Steem Power holding period to a minimum of 3 months : Partially agree - I prefer @officialfuzzy's Power Levels proposal
10. Reduce the SBD delay from 7 days to 3 (or 3.5) days : Agree

This week, my witness activities are stil focusing on SBD pegging, and it seems working now. I am buying SBD at $0.97 and SBD price is over 0.95 now. My SBD balance has increased from $7,200 to $7,600 with about $600 profit, and I will burn or donate the profit in the future. But now, I am thinking to put more fund (2.5~3 BTC) to fill a 2-day gap (due to lack of fund) in my conversion. The below data is my bot's activities on Bittrex, and conversions.

I wish to join Steemfest, but my daily job didn't allow... But I hope those who are attending have a great time

Best,
clayop

Bittrex Activities

Conversion

• Total amount in conversion: 7400 SBD, Bittrex balance : 160 SBD / 0.13 BTC