FLOT BTC Operations (buy side)

I signed the tx signed by @masterOfDisaster and I got the following signed tx:

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

Signed but have troubles broadcasting to the network:

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

Found why, the input of that transaction is byte-reversed. It shows as 17d4e377a3cab76e028bf8f6b18aeb6c0c8d71777b2aa9722f40c385fbf038e6 and should be e638f0fb85c3402f72a92a7b77718d0c6ceb8ab1f6f88b026eb7caa377e3d417

It was a mistake with the endianness on my end creating the transaction, this new signature should be correct:
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

@cryptog, @Dhume, @dysconnect, @masterOfDisaster, @jooize, @mhps, @woodstockmerkle, needless to say we need to sign this one again. At least this happened while “testing”, and now we are aware of it.

Just to be on the safe side: I need to check the output address and the amount - nothing else, right?
I’ve asked that before, but I’m not sure whether it was answered.
Here’s the tx signed by me:

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

Thank you for persistently improving cointoolkit!

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

And the fee!! (wich currently there is now way of knowing without manually checking the input tx in the blockexplorer or in the wallet command line)
If the sum of the inputs are 100 and the outputs sums 5, 95 goes as fee, and we lose/burn that money. If you calculate the fee for this transaction is 0.0001 BTC.
Not anymore.

That should be enough because right now we only have one multisig address, but in the future you may also want to check where that amount is coming from (the input tx) if we have multiple multisig addresses for different purposes.

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

The above transaction has 4 signers of the required 5.

@jooize @cryptog @dysconnect or @mhps would need to sign

Another thank you and kudos to @ttutdxh for the great work on the toolkit.

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

It seems that the tx went through, which implies that the necessary number of signatures has been reached.
I will sign the tx just for fun later on and for training purposes.

EDIT: signed the tx after it has been broadcast to increase the number of signers from 5 to 6 though the necessary number is 5.

Got the following signed tx:

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

I see three confirmations in 2 hours

The deadline for December payment for JordanLee uncompetitive fee of double each month is on 1 of December.

So I formally ask that half of the T4 funds in @JordanLee control are transferred to FLOT controlled address 3QDWJ2yqJ5iTUg6cSpAwxx95ba3NG97hzG

5 Likes

Fine with me.

After all that’s what the FLOT is here for and I think it’s in the position to do that.

I think he said something to the effect that when FLOT actually forms he’ll cut some slack in his fee, but I couldn’t find the post.

I also thought so, but couldn’t find it either. Maybe we wanted to believe that.

So how much do you ask to be transferred to FLOT? We need to be at least half

Strange coincidence - I remembered the same, but didn’t find anything related from Jordan when searching after “fee” or “compensation”.
Maybe @JordanLee can shed some light on this.

This one?

1 Like

Great find! Indeed:

To me, the important question is whether or not FLOT is providing tier 4 buy side liquidity as needed. If FLOT is ready to take on that role as December 1 comes and allow me to play a backup role only, then I won’t charge the fee permitted by motion on December 1.

So, if FLOT asks for enough funds to do that (needs to be at least 10% of tier 4 buy side) and agrees to take on that role today, then I will not charge a fee tomorrow.

As it stands, 3 of 8 FLOT members have asked for 50% of tier 4 buy side sides, which is one vote short of the required consensus. While I will do whatever a majority of FLOT members ask, I do have concerns about handling that much money to begin with. The biggest risk is that FLOT members will miscalculate amounts in a transaction and end up giving a large amount of BTC to miners. That is very easy to do in a raw transaction. This risk could be mitigated by using multisig addresses with smaller quantities of funds.

2 Likes