I wanted to make a short statement about the HP power down, which I initiated on the account @cryptocompany and @ccceo.invest a few minutes ago. This statement is important to me so that you know what, how, why; instead of wild guessing.
The power down serves to cover upcoming expenses for CryptoCompany CEO.
I have mobilized the maximum amount of HP, but I won't need that complete amount. The maximum quantity was only chosen so that the required amount will be available as quickly as possible. As soon as the required amount is available, the power down will be canceled.
The CCCEO Voting Service will not be affected by this, or only to a minimal extent, since the absolute majority of HP for the voting service is generated via HP delegations. The voting service will therefore continue to be highly profitable - no need to worry about.
The amount of Hive required depends on the exchange rate. If more assets become liquid during the power down than CCCEO actually currently needs, the liquid HIVE will be transferred to the HBD savings on @ccceo.wallet in order to cover future web server costs.
Why?
Of course, I would like to cover these costs from liquid assets - or alternatively from private funds (because I don't mind to use private funds for CCCEO - this is and was the case all the time). Since both are not available in sufficient quantities, I can't avoid organizing the necessary resources through an HP reduction.
Since the costs arise through and for CCCEO, I see it as legitimate in an emergency to cover these costs from the work of CCCEO - even if I would like to avoid a power down in order to strengthen the blockchain itself.
Costs for which the power down takes place:
• The domain cryptocompany.ceo must be renewed this month.
• My private residence and my workplace are in one house. Burglars are currently making my life difficult (breaking into the property and/or the house itself) on a regular basis (almost every day; at least every weekend) - so I have to invest in more comprehensive data backup to protect CCCEO in the event of an emergency. Furthermore I also need a few electronic components to expand the security technology and improve detection of unwanted persons. Necessary so that CCCEO can continue to run as smoothly as possible, if the worst comes to the worst - or to avoid it in the best case.
Any questions about? Please feel free to ask in the comments.
Now it only remains for me to say... Enjoy your day!
Thank you for being here. YOU. ARE. AWESOME!
See you later in the comments &
make the best out of the your day!
