FLOT BTC Operations (buy side)

[mhps]

lexicographical order:

This means sorted by pubkey, right? that is what i see from the redeem script.

There are errors in the address. it uses my deprecated key. My current one starts with 0326. it has Dhume’s twice and missed ttutdx’s.

Are we sure 3 of 6 works?

the OP is a wiki. when the errors are fixed, could you copy it to the OP?

[jooize]

How many Bitcoins do we have on gateways?

@Cybnate @zoro @masterOfDisaster

[Cybnate]

Zoro has none, he transferred all the NBT back to FLOT two weeks ago.
My status is unchanged since this post: [Decommissioned] PyBot passive gateway on Poloniex and on Bittrex
Not sure about MoD status. From memory, his last post in this context told that there are still some NBT and BTC at high spreads in the gateways.

[jooize]

2016–06–06

Get NuBits' liquidity flowing

FLOT BTC has 35.74 BTC. How many Bitcoins do we currently have on gateways? @Cybnate @masterOfDisaster 10568 USD is ~18 BTC. 35.74 + 12.28 + 18 = 66.02 66 BTC is ~38,505 USD.

2016–07–03

FLOT BTC Multisig #2: 25.74296065 BTC

"B9gXptkoqAApF3AFrQyhUbhSzvuEudxupt" : {
"buy" : 9211.0609,
"sell" : 13323.1486
},

Gateway Poloniex @masterOfDisaster: 13 BTC?

Total: ~38.74 BTC

Anything I’ve missed?

[Phoenix]

As Chief Of Liquidity Operations, I request 12 Bitcoins be sent from 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe to @jooize’s Poloniex BTC deposit address. The funds will be used for our daily NuBit purchases, which are currently running about 4 BTC per day.

I have been elected directly by shareholders to do this. I campaigned on a platform of immediate and strong support for NuBits, and that is what shareholders voted for. I revealed what my policy would be far in advance of my election, and it was endorsed by shareholders. This includes the 10% daily purchase program I asking you to fund now. It is clear this is what shareholders expect of you.

Who are the signers for FLOT BTC?

[jooize]

12 BTC to Poloniex for US-NBT purchases

Address: 1ArtuYuSyGMtXwn38naZZ82qa3WJ9gV6CU (Nu Poloniex BTC @jooize)
Amount: 12 BTC
Fee: 0.002 BTC (1–2 USD)

Signed 1 of 5-of-8

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

@cryptog @Dhume @dysconnect @masterOfDisaster @mhps @ttutdxh @woodstockmerkle

[mhps]

Do shareholders want to reserve part of btc controled by FLOT for development?

[woodstockmerkle]

Signed 2 of 5-of-8

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

Verify

[Cybnate]

Do shareholders want to reserve part of btc controled by FLOT for development?

Not sure if this a useful question to the forum. It is best that @phoenix answers this. He apparently represents about two-third of the shares from people not on the forum.

[cryptog]

Well i guess it would be useful in that caee to write a proposal that would explicitly reserve some bcts to development but i guess phoenix s plan would be to restore the peg first by buying back nubits and then allow back nubits grants which would fuel development and projects, which looks logical.

[woodstockmerkle]

It does pose the question: What happened with NBT that were held by JordanLee in reserve for development? Should we consider them stolen at this point?

[cryptog]

Don t we need to have 100% reserve?
So on the one hand we need to buy back nubits by selling nsrs but on the other hand we need to build up reserves.
The nsrs sales are being executed.
I think we can use a part of the btcs in btc flot reserve to start the buy backs but not everything.
I would suggest half. Not more.
Would you be ok with such a thinking?

[cryptog]

Good question.
It is written somewhere that jordan lee intends to burn them.
But now he is gone.
Perhaps @Phoenix can put pressure on him.

[mhps]

i guess phoenix s plan would be to restore the peg first by buying back nubits and then allow back nubits grants which would fuel development and projects, which looks logical.

He wanted to be the Chief of Liquidity Ops, not the development manager. actually he has said he hasn’t been managng Nu deveopment for a while and not interested. It’s up to nushareholders to decide how much btc to be kept for development.

Shareholders can sell NSR to pay developers but I fear that @Phoenix will drive nsr price to ground for a while to liquidate his nbt holdings at $1 asap, when Nu needs fund to pay devs. I am thinking leaving 1-2 months dev fund which translate to $10-20k in btc (15-30 btc) might be good.

[Phoenix]

What happened with NBT that were held by JordanLee in reserve for development? Should we consider them stolen at this point?

They haven’t moved. NuLaw states:

Existing NuBits in tier 4 held by FLOT, FSRT and Jordan Lee must be held at their current address or burned.

Jordan Lee asked to burn them some time ago, but there was opposition at the time. He is doing what NuLaw requires.

[cryptog]

I think we should use 10% of the btc reserves not half for buying back the nubits.

[jooize]

10% of BTC reserve daily is what’s currently intended. Do you mean something else?

[cryptog]

Yes i meant that but 12 btc does not look like 10% of current btc reserve.

[Phoenix]

12 btc does not look like 10% of current btc reserve.

True. I asked for more than 10% out of consideration for FLOT members. I know we are asking you to sign transactions more often than is ideal. Asking FLOT BTC to hand over BTC daily for each daily NBT purchase is too cumbersome. With other funds we are raising, 12 BTC would likely be enough for nearly a week, maybe more, depending on how NSR sales go that @jooize receives the BTC proceeds for.

[cryptog]

Verified and signed 3 of 5-8.

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

Verify.