(Note: I am posting this thread in response to the the call for a new custodian at Bitcoin.co.id)
I am still available as a custodian. I have not posted in a long time, but I still watch Nubits and the forum closely. Here is a quick history:
I was elected as a custodian in December under the terms of Jordan’s 1M NSR bounty offer. As part of the proposal I had acquired 20k USD value in BTC at a price average of around $325.
At the time of my election, no uncovered exchanges were available and dual-custodians weren’t quite yet implemented. As I waited for an open exchange, the BTC plummeted forcing me to transfer more and more USD savings into BTC in order to rebuild the required $20k value.
I distributed most of my BTC holdings among the multiple NBT supporting exchanges so that I could test the APIs and become familiar with the exchanges. I also wanted to be ready to start running the NuBot as soon as dual-custodians was fully supported.
In February, approximately half of my $20k BTC was lost between Bter and Excoin. I hope to recover at least some of the value eventually from Bter, but tragically it appears that I will never recover funds from Excoin.
I accept full responsibility for my decision to store BTC on exchanges; however the losses caused me to seriously re-consider the risk of even a 1 month custodial term on less-than-well-established exchanges.
I am far from being a wealthy man… perhaps it was foolish for me to even attempt to become a custodian in the first place. However, my excitement about cryptocurrency and the possibilities for NuBits remains as strong as ever, and even despite my heavy financial losses, I still want to do my part to support the project and especially to honor the NSR-holders who elected me.
I am willing to consider taking a close look at Bitcoin.co.id and setting up as a custodian there immediately. As long as the price of BTC does not drop too much further, I can once again acquire $20k USD value in a very short time.
I have not spoken to @JordanLee or any of the other team or custodians in a long time, so I have no sense of their opinions on whether my election and/or terms are still valid. However, considering the long delay since my election on 25 December 2014, I feel that my eligibility should be a topic for public discussion. I could request votes for a new proposal, but the election process takes time.
I am very open to comments and suggestions from NSR-holders. I will PM Jordan and request his input on this thread.