After all of these years of it mostly trading around $1...a witness that never does anything with his witness parameters for HBD and otherwise makes zero effort to assist the soft peg still wants to just get rid of HBD because he thinks it's a failure.
When SBD was spiralling out of control a couple years ago, I was among the few who actually tweaked their parameters in order to control the peg. But I wasn't top 20 and certainly didn't have any impact. So why bother if none of the top witnesses weren't willing to take any collective action, except wait several months to let it do its thing and magically re-peg itself.
"So why bother if none of the top witnesses weren't willing to take any collective action..."
The easy answer is: Don't be like them.
I was in the same boat and set my parameters accordingly, as did a couple of others. Run your witness how YOU think it ought to be run, not just based on what everyone else is doing.
If you think the thing ought to be done, then do the thing!
Be the example of excellence and integrity. If you don't believe other witnesses are operating in that manner, then why would you simply want to do what they're doing or not doing?
After all of these years of it mostly trading around $1...a witness that never does anything with his witness parameters for HBD and otherwise makes zero effort to assist the soft peg still wants to just get rid of HBD because he thinks it's a failure.
Sad.
When SBD was spiralling out of control a couple years ago, I was among the few who actually tweaked their parameters in order to control the peg. But I wasn't top 20 and certainly didn't have any impact. So why bother if none of the top witnesses weren't willing to take any collective action, except wait several months to let it do its thing and magically re-peg itself.
The easy answer is: Don't be like them.
I was in the same boat and set my parameters accordingly, as did a couple of others. Run your witness how YOU think it ought to be run, not just based on what everyone else is doing.
If you think the thing ought to be done, then do the thing!
Be the example of excellence and integrity. If you don't believe other witnesses are operating in that manner, then why would you simply want to do what they're doing or not doing?
Well said - glad to read your post - like it :-)