Ive been voting 1% on those intervals for a month now. Im trying to argue for moderate park rate increases so we can experimentally test exactly that: what is the return on nubits parked for park rates offered? You can theorize, but this is such a new field that experimental evidence reins supreme. Even comparing to the last time rates were offered, Nu is in a stronger place and should have even better returns.
There’s also something to be said about how if you say 10% in the forum, parkers will wait for 10% on the blockchain even if they would have parked at 1%.
My own analysis is that there will be significant sell-side pressure from B&C Exchange contributors selling NBT in the next few months. Most of us live in countries where we can access investments that pay 2-5% interest with relatively low variance. We must pay a premium on our network due to the experimental nature of our product.
Half of the NSR holders are completely asleep - or how high is the minting participation?
And of half of those who are not completely asleep, half are only half awake and don’t configure appropriate votes.
That makes 25% of NSR in the hands of responsible shareholders (supposing my guess about the mibting participation is right).
There’s not much room for discussion about the liquidity situation at the moment.
The NBT supply needs to be decreased. Only 35 BTC are left on T4 after the recently started balancing is complete.
We need park rates and if NSR holders don’t wake up soon, FLOT once again needs to do what shouldn’t be their job: save the lazy NSR holders’ ass!
You find frustration in this post? You are right!
I seriously consider retiring from my FLOT roles.
This is not what the deal when proposing for a FLOT role was supposed to be.
That means 66% of NSR are in the hands of people who don’t care at all and 17% of NSR are in the hands of people who don’t care enough.
That leaves 17% to the hands of people who care.
What can 1/6th do?
Decentralized governance is a great idea.
Without FLOT Nu would be doomed.