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.
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.
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.
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.
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?
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?
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.
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.