Discussion of a motion outlining how Nu will handle BCH funds from the blockchain fork

[MaVo]

Everyone using NBT as a parking mechanism for their assets must be nuts! Apart from the fact that you are a huge scammer @jooize, there is always the chance that you get hit by a car (chance is a funny word in this respect) and the party for Nu is over. DO NOT STORE YOUR MONEY WITHIN THE NU NETWORK! Thanks folks!

EDIT: for anyone who doesn’t understand, @jooize the scammer is in full control of any and all of Nu’s assets. Well, have fun trusting that piece of shit! I told you!

[jooize]

You’re conflating historical events where decisions were made for different unrelated reasons to today’s situation about Nu reserve assets.

chance is a funny word in this respect

Not OK.

[MaVo]

You’re conflating historical events where decisions were made for different unrelated reasons to today’s situation about Nu reserve assets.

This is complete bullshit. You are talking about chance. Either you want to gamble, or you want to know what you got in your pockets. The funny thing is that whether or not you decide to gamble, you gamble anyway, since Nu is run by scammers and they can disappear or destroy the network within seconds, as we have seen a year ago. Front-running and suspicious payments are part of the daily business of Nu till today.

Not OK.

Not okay? Do you know that people lost serious money while you are cashing in big payments and deny to answer how much you actually earn? If @Sentinelrv, who put a large amount of money into the project, killed himself because of scammers like @jooize and @Phoenix / @JordanLee, would you care? You piece of shit wouldn’t care. You would keep cashing in at the cost of those who have not yet learned the lesson that @Sentinelrv had to learn. My god, anyone visiting this forum should know that Nu is a huge pile of shitty scammers! @Cybnate included because she behaves like a bribed priest. So funny to read her messages

[jooize]

I will ignore you now.

[MaVo]

that hurts! Anybody who is not on the payroll of Nu won’t ignore me. That feels good!

[Nagalim]

You say discussion, yet it was a prominent statement from phoenix that discussion is irrelevant and that the people on this forum are the enemies of the shareholders. You alone ask for discussion, then say you will ignore the first person that disagrees with you.

[jooize]

That’s a curious interpretation. Phoenix said we’ll make decisions unless shareholders guide us, and that discussion can have an effect on our decisions. @MaVo didn’t discuss this nor how to handle BCC funds, he only attacked past decisions in unrelated scenarios and the current governance. His posts contain literally no relevant discussion.

Had I suggested selling the BCC, I’d probably have been attacked and accused of taking all funds I can get my hands on to put toward my front-running of the NSR buybacks. Do you not see that @MaVo is by now only here for destruction?

Real discussion doesn’t happen magically by asking for it. Where are all the quality posts from people who know so much better? Outline what we can do, and argue for what we should.

[Nagalim]

Augeas share sale

Nu is moving beyond this destructive community

This took me about 15 seconds of searching. I’m sure there are plenty more examples. It is quite clear that the forum community was intentionally disempowered, so it’s not a surprise that “quality posts” are hard to find.

[jooize]

How do you figure that, or what do you really mean? What prevents quality posts? Even trolls are allowed here. Just because we don’t change our minds as soon as someone provides an angle doesn’t mean we’re resisting influence.

[Nagalim]

Empowering a community can indeed be a complex and multifaceted thing. Charismatic leaders are important, especially in a pseudoanonymous atmosphere like this.

[ConfusedObserver]

I for one have no desire to contribute any more than I already did.
To me this game is over. Phoenix made his exit move.
What’s left is little funds, payments in the thousands (USD), where no one knows what for and still no revenue worth speaking of.
Have fun with the most transparent business of all.

[jooize]

Bitcoin Cash has halved in value since last evaluation three days ago.

Nu owns in total 114.04982436 BCC. Valued at $214.82, it’s $24,500.

[Cybnate]

Bitcoin Cash has halved in value since last evaluation three days ago.

Nu owns in total 114.04982436 BCC. Valued at $214.82, it’s $24,500.

Tough call and I believe mainly a bet. If it was me I would sell half, just hedging a bit. On the other hand BTC has increased over 15% in last week so there is no real loss even when it goes to zero what I don’t expect. Every BCC is just a bonus anytime. I believe now is the worst time to sell as there is a lot of sell pressure. In a few weeks that will wear off and than it will be clear whether it can stand on its own feet around the $200+ mark.

[MaVo]

Every BCC is just a bonus anytime

Same applies to the raised B&C funds - just a bonus for Nushareholders. Thanks.

[lissajous]

It’s discouraging that the default answer from the liquidity team is that, ‘unless shareholders pass a motion, we will just decide’.

At the very least you should craft your own motion. I am all but certain it would be trivial for the both of you to pass it.

[lissajous]

How will Nu handle a situation where Bitcoin Cash and Bitcoin engage in competition for market share? It’s gotta be scary to own a lot of NuBits right now.

[Cybnate]

I understand from the reports that Nu kept the BCH so that would alleviate some of the concerns. Even if BTC devalues further and BCH increase in value at a similar rate the network is safe I believe as the reserves won’t devalue against both BCH and BTC. On top of that I believe there need to be a trading pair BCH/NBT established when BCH will get over approximately 25% of the BTC value and continues to match or exceeds the volumes in BTC.

[lissajous]

It’s worth noting that in the past 6 hours BCH was over 25% of BTC market capitalization with around $11 billion in volume, an all-time record high for trade volume of any crypto currency.

[Phoenix]

Nu has not sold any of its Bitcoin Cash yet. In light of recent market activity, we are considering selling some, most likely for Ether.

[lissajous]

… without any discussion or input from minority shareholders as per our governance policy.