@JordanLee:
At what level are T4 buy side funds now and after the purchase of 17,000 NBT?
(with the FLOT being installed, a look at the unspent output on the multisg address would do…)
@all
What to do with T4 reserves in excess?
What is considered “in excess” - or: how many USD in BTC will be needed on T4 buy side to mitigate “buy slow, sell fast” type of attacks; is a static limit of $80,000 appropriate?
Should the sell side reserves (NBT) grow if more NBT are in circulation - landslide effect and overwhelming success of Nu?
How long will Nu have to bear the volatility risk of BTC in excess and how to get rid of them if the illiquid NSR market doesn’t allow purchasing NSR at reasonable prices?
Is distributing a part of the BTC as PPC dividend the better or the worse option compared with sitting on BTC?
Would trading a part of the BTC to PPC (or bitUSD?) be an option to hedge BTC volatility?
The major drawback of @JordanLee handling the NBT sale on the one hand: single point of failure
is a big benefit on the other hand: he only need to find consensus with himself to act.
When do NSR holders realize that FLOT not only distributes the risk, but the consensus to release funds as well?
What do NSR holders expect to happen if Nu is need of action to have the peg protected, but the FLOT needs to discuss, because the members have different opinions what’s best for Nu?
As soon as the responsibility for the peg is in the hands of FLOT there should be a set of rules.
There will be need to adjust it, but I dare say that any set of rules is better than relying on the discretion of up to 7 people of which a majority needs to agree upon an action.
Those 7 people are all across the globe and it’s not very likely that they can discuss at the same time in a chatroom.
But they can see if a threshold has been reached and an action is triggered. Signing a multisig transaction to move funds can be done sequentially. Discussing across a lot of time zones is not easy. Finding a time slot to have the initial discussion about the fund management (-> FLOT) was hard.
If you want to know, I post the link to the doodle poll in which the potential members tried to find a time to discuss.
Do you think it will necessarily be better just because the peg is in danger? I bet most of us have day jobs. But our day is in different time zones…
Do NSR holders want to elect representatives that act on behalf of a clearly expressed NSR holder will or do the shareholders want to elect representatives who need to find out what they think is best?
I’m sounding frustrated, because I am. There’s a lot of ideas, but little participation; more or less the same people participate.
I’m just being a pain in the ass, because I think it’s necessary to sound things out.
You need to wake up and use the time while there’s still plenty!
