FLOT NSR Operations (buy side)

Liquidity
#73

I am standing by ready to jump in with Nusafe when needed, I do feel park rates should be the first option and I don’t understand why they haven’t been raised yet. If park rates fail to prove successful in increasing demand we should start selling NSR. Nusafe funds can be accessed on fairly short notice so I don’t feel we’re already at the “emergency” stage that warrants draining the funds without shareholder vote. However if there is a clear consensus for starting to drain funds now I would comply.

Edit: After the next tx is signed there should be about 35 BTC left in FLOT multisig and roughly 60 BTC held by Jordan + Nusafe right?

1 Like
#74

Jordan has 60 BTC left next to FLOT and NuSafe.
Shareholders already vote - against increasing the park rate.

#75

Oh, I didn’t know that when were those funds used? Is there a reason we’re not increasing park rates?

#76

Source?

#77

Thank you for correcting me.
I fixed my post.
I read the balance from the wrong line…

None that I’m awarw of.
My best guess is: NSR holders don’t follow or don’t care.

#78

So 95 BTC + Nusafe left, that is way to low and the lowest we’ve been in like a year I think?

Are there just to many “inactive” shareholders to get park rates up? Might be time to start thinking of a direct emergency messaging system through the clients (we could use one for BKS aswell) to reach minters who don’t pay attention to the forum.

[Passed] Proposal to fund development of NuBox (Peerbox port)
#79

There are too many NSR holders that don’t visit the forum, don’t visit ALix, don’t look into the broadcast liquidity.
I have a solution that is similar to this one: [Draft] BKS grant to bring protocol 4.0 votes above 90% :wink:

It’s just too convenient to have people working for free, liquidity pool operators working cheaply and some FLOT members working for peanuts compared to taking responsibility…

3 Likes
#80

Maybe we could do the decimation of shares (to make the numbers smaller) at the same time :wink:

#81

Yes, this parking situation is absolutely unacceptable. The more I think about your BKS proposal, the more I think it would be a good idea to get rid of the dead weight. The same should happen with NSR if this continues to happen. There need to be severe consequences to shareholder passivity.

Putting the majority of Nu and B&C into the hands of people who are constantly minting and paying attention would significantly raise the security of both networks, not to mention voting and participation, while downgrading the negative effect that passive shareholders have on operations. One thing is for sure, Nu CANNOT run correctly if it isn’t in control of people who care and take action when needed.

1 Like
#82

Those are consequences of underestimating influence of passive voting and Nagalim’s and creon’s efforts to address and solve the problem on time.

1 Like
#83

For the record: I won’t push the NSR sale any further, nor will I monitor the liquidity situation closely.
I will - of course! - be available to sign FLOT tx or explain why I refuse to do that.

1 Like
[Passed] Standard and Core
#84

people with wages by NU like a board of directors , aka FLOT.
And don’t tell that FLOT is only for signing!

#85

We need unspent transaction IDs for FLOT NSR Multisig #1 (SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC). How to get them without NuExplorer?

Ahh! We have NuExplorer at nuexplorer.ddns.net.

http://nuexplorer.ddns.net/address/SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC/1/newest

TxID for 25M NSR: 0b115dc70b27f90bf4a981466ed16ee80f65e8d3fe4a5ebf36c00de01eb1c194

Now I can follow https://daology.org/u/jooize/articles/79c9ae029a1a4006747be888ec70fdc8575f8441

Send NuShares

getrawtransaction 0b115dc70b27f90bf4a981466ed16ee80f65e8d3fe4a5ebf36c00de01eb1c194

01000000a1f57956010000000000000000000000000000000000000000000000000000000000000000feffffff00ffffffff01004429353a00000017a9147077487df91c0166d33ee6079b0c2229788f6ac2870000000053

decoderawtransaction 01000000a1f57956010000000000000000000000000000000000000000000000000000000000000000feffffff00ffffffff01004429353a00000017a9147077487df91c0166d33ee6079b0c2229788f6ac2870000000053

{
"txid" : "0b115dc70b27f90bf4a981466ed16ee80f65e8d3fe4a5ebf36c00de01eb1c194",
"version" : 1,
"time" : 1450833313,
"locktime" : 0,
"unit" : "S",
"vin" : [
{
"txid" : "0000000000000000000000000000000000000000000000000000000000000000",
"vout" : 4294967294,
"scriptSig" : {
"asm" : "",
"hex" : ""
},
"sequence" : 4294967295
}
],
"vout" : [
{
"value" : 25000000.0,
"n" : 0,
"scriptPubKey" : {
"asm" : "OP_HASH160 7077487df91c0166d33ee6079b0c2229788f6ac2 OP_EQUAL",
"hex" : "a9147077487df91c0166d33ee6079b0c2229788f6ac287",
"type" : "scripthash",
"reqSigs" : 1,
"addresses" : [
"SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC"
]
}
}
]
}

Input #1

Amount: 25000000 BKS
N: 0
Script: a9147077487df91c0166d33ee6079b0c2229788f6ac287

…

Great, now NuExplorer is up at normal domain. :smiley:

Liquidity Operations
#86

2,400,000 NSR to mOD’s Poloniex gateway account following the “Standard and Core” otion

Signed 1 of 3/5

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

I will put the funds on sale based on what FLOT agrees on.
I intend to use the BTC proceeds in the NuBot gateway at a considerable buy side offset.

Although there’s need for BTC, I suggest we start at 500 Satoshis or 450. That would translate in a price of $0.0025 or $0.00225 and would be 25% or 12.5% above current market price.
What do you think?

@Dhume, @ttutdxh, @cryptog, @mhps, please discuss if need be, make suggestions or verify and sign.

Addendum:
Just in case bockexplorer.nu fails again, here’s the tx created with @backpacker’s cointoolkit):
Signed 1 of 3/5

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

This might not be necessary at all, because broadcasting the tx can be done in other ways.
Anyway…

3 Likes
It is time for immediate use of tier 6 liquidity (NSR sales)
[Passed] Temporarily cap NBT supply with full reserve
[Passed] Temporarily cap NBT supply with full reserve
#87

Why are you using double the amount mandated by the standard motion?

#88

Because I can’t calculate. I’ll fix it. Fixed

#89

How is the fee calculated for nsr? 1 nsr / kB?

#90

I think so.
Do you think 1 NSR is insufficient, because the tx might be bigger than 1 kB?
Next time I’ll make it 2 or 3 NSR fee.
We could 1,000 NSR fee and it would do no harm…

#91

Verified and signed 2 of 3/5:

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
#92

your tx is only 660 byte. I think 3 nsr would be good.