Shutting down my bank.

Hello all, it is with a heavy heart that I announce the closing of my bank. With all the chaos going on lately, there is no way I can responsibly continue to operate my bank. I had already been contemplating this with the earlier proposed 4 week power down, which would have made my life more difficult, but this decision was cemented when I read the now infamous Steemitblog post:
https://steemit.com/tron/@steemitblog/an-open-letter-to-the-community-hf22-5

Deploy in the next Hard Fork as soon as possible to reduce power down time to 1-3 days in alignment to other mainstream blockchains, while open for discussion for better economic implications.

1 to 3 days!!! This is completely crazy and shows a disregard to how Steem voting is supposed to work. It doesn't work with the 7 day payout window and would allow the same SP to vote 2 or 3 times before post payout.

Of course, we know why they want this change, so that the exchanges that colluded with Mr. Sun can power down the client steem that they powered up to help their hard fork to go through (and probably allow steem inc to also power down and spread out their steem).

In any case, a 3 day powerdown would completely destroy how my bank works, I would no longer be able to accept Steem accounts as collateral for loans, and indeed, there would be much less demand for them.

And sure, I can still accept Splinterlands cards for loans, and I probably will, but this was only a minority of my total loans, and would not support the 6.25 APR that I promise.

I am no longer accepting any new loans based on Steem account collateral.

Just making that clear.

All depositor money has been returned!

I want to make it crystal clear that I have already returned all depositor money. You can examine the blockchain to see that my words are true. No one has been defrauded. Everyone who trusted me and banked with me, has made the promised interest rate. Thank you for your trust and business.

Perhaps someday I'll return to banking, who knows..

My witness is down, and I'm probably out of the witness business

I haven't decided anything 100% but I may well be done with witnessing, will wait a bit before making that final decision. At the moment my witness is non-functional due to the hardfork madness.

If you want to switch your vote from me to someone else I can recommend @goodguy24, I hear he is a really good guy....umm, that was a joke, haha.

I remain commited to neoxian.city and the neoxag.

In spite of this bedlam, I'm still going to try to make my forum neoxian.city and my currency neoxag work. Whether it's still a steem-engine thing, or SMT or MST, or Tron, or EOS or whatever, I'll will try to maintain the forum and currency.

Final Depositor Report:

Depositor	Amount	Currency	Monthly Interest	New Amount
jznsamuel	28.818	SBD	0.150	28.968
sevinwilson	86.456	SBD	0.450	86.906
sevinwilson	1385.929	steem	7.795	1393.725
ekavieka	29.971	SBD	0.156	30.127
runridefly	115.275	steem	0.600	115.875
legendchew	27.166	SBD	0.141	27.308
smitop	115.545	steem	0.601	116.147
darkflame	10.588	steem	0.0551	10.643
sames	28.170	SBD	0.146	28.316
theb0red1	15.799	SBD	0.0822	15.882
artgirl	46.014	SBD	0.239	46.253
loler555	33.185	SBD	0.172	33.357
khan.dayyanz	5.158	steem	0.0268	5.185
weedcash.rewards	65.005	neoxag	0.338	65.343
anarchy999	63.967	neoxag	0.333	64.300

• Note again, all this money was returned.

Posted via neoxian.city | The City of Neoxian