How were Nushares initially distributed?

[cryptog]

I see. Tks a lot.

[cryptog]

"Though undistributed NuShares minted blocks to bootstrap the network, they will never again be used for minting or voting. "

by the way, this is a precaution from the team for guaranteeing that no holder has a big stake, which could be dangerous security wise?
if yes, I am wondering now about the topology of the shares distribution…
i remember seeing somewhere here or in the forum than jordan lee set a fair distribution between founders and made sure that their voting powers will not be disproportionate compared to the remaining undistributed shares…
here he states [quote]These limits will facilitate the rapid decentralization of control of the network, which is more important than raising as much money as possible from the sale of NuShares.[/quote]

which shows how much he cares about decentralization.

[CoinGame]

The only shares that are minting/voting on the network are the ones that have been purchased. I think once all the shares have been distributed and we have lots of people offering to be custodians it will be very apparent how decentralized the ownership is. The diversity of votes will all be recorded in the blockchain. I really do believe in Jordan’s resolve to have a diverse group of NuShare holders. The more people who have stake in the health of the network then the more ideas and interest in building a healthy network we’ll have. This is why Jordan is looking for “business partners”. Passive NuShares holders who will not mint or vote will not move Nu net in a healthy direction.

[cryptog]

And the more shareholders there are the more secure the network should get…

[masterOfDisaster]

As the security depends on the “minting rate” the network should be very secure from the start. As long as the majority of all shares that are in fact able to mint do so, it is not important that there are shares that have not already been distributed.

Only distributed shares are used for minting and voting. This is no technical limitation, but a decision:

Undistributed NuShares

The following rules regarding the use and sale of undistributed NuShares will be followed:

1. Though undistributed NuShares minted blocks to bootstrap the network, they will never again be used for minting or voting.

As long as the NuShares are still owned by the “Nu DAB (Distributed Autonomous Bank)”, Nu would be allowed to do as it likes; they could be used for minting and voting and I wouldn’t consider it unfair (because they would still be owned by Nu).
Nu likes not to use them for minting and voting and I like that even better

[cryptog]

The network is secure as a decentralized trustless network as long as no entity has more shares than 50% of all shares…
I saw somewhere that there are still 60% of undistributed shares…
That means 40% of all shares are minting.
Now the questions is how many independent entities own those 40%…
I would not be surprised if it is only a handful of people but Jordan said that the distribution among founders was fair and equitable…
So even at that stage, we can speculate that the network is secure.

[masterOfDisaster]

The network is secure as a decentralized trustless network as long as no entity has more shares than 50% of all shares…

…that are available for and actively minting!

[cryptog]

indeed.