That is fine. We just keep voting for e.g. 1 month @ 20%pa rates for as long as the sell-side pressure is on. The control is in our hands.
Park rates are still not really on the rise. Most votes are for 0 %, except those for 1.5 months duration:
getparkvotes | grep estimated -B 2 -A 7
"11" : {
"blocks" : 2048,
"estimated_duration" : "1.4 days",
"votes" : [
{
"rate" : 0.0,
"annual_percentage" : 0.0,
"sharedays" : 6471.01346065,
"shareday_percentage" : 92.69971146,
"accumulated_percentage" : 92.69971146
--
"12" : {
"blocks" : 4096,
"estimated_duration" : "2.8 days",
"votes" : [
{
"rate" : 0.0,
"annual_percentage" : 0.0,
"sharedays" : 5314.81100694,
"shareday_percentage" : 76.13667469,
"accumulated_percentage" : 76.13667469
--
"13" : {
"blocks" : 8192,
"estimated_duration" : "5.7 days",
"votes" : [
{
"rate" : 0.0,
"annual_percentage" : 0.0,
"sharedays" : 5223.42928241,
"shareday_percentage" : 74.82759698,
"accumulated_percentage" : 74.82759698
--
"14" : {
"blocks" : 16384,
"estimated_duration" : "11.4 days",
"votes" : [
{
"rate" : 0.0,
"annual_percentage" : 0.0,
"sharedays" : 5219.80549769,
"shareday_percentage" : 74.7756849,
"accumulated_percentage" : 74.7756849
--
"15" : {
"blocks" : 32768,
"estimated_duration" : "22.8 days",
"votes" : [
{
"rate" : 0.0,
"annual_percentage" : 0.0,
"sharedays" : 3997.74186343,
"shareday_percentage" : 57.26916185,
"accumulated_percentage" : 57.26916185
--
"16" : {
"blocks" : 65536,
"estimated_duration" : "1.5 months",
"votes" : [
{
"rate" : 0.0,
"annual_percentage" : 0.0,
"sharedays" : 2831.84408565,
"shareday_percentage" : 40.56723591,
"accumulated_percentage" : 40.56723591
--
"17" : {
"blocks" : 131072,
"estimated_duration" : "3.0 months",
"votes" : [
{
"rate" : 0.0,
"annual_percentage" : 0.0,
"sharedays" : 3323.04719907,
"shareday_percentage" : 47.603906,
"accumulated_percentage" : 47.603906
--
"18" : {
"blocks" : 262144,
"estimated_duration" : "6.1 months",
"votes" : [
{
"rate" : 0.0,
"annual_percentage" : 0.0,
"sharedays" : 6738.51783565,
"shareday_percentage" : 96.53181265,
"accumulated_percentage" : 96.53181265
--
"19" : {
"blocks" : 524288,
"estimated_duration" : "1.0 years",
"votes" : [
{
"rate" : 0.0,
"annual_percentage" : 0.0,
"sharedays" : 6748.31508102,
"shareday_percentage" : 96.67216189,
"accumulated_percentage" : 96.67216189The liquidity situation needs further balancing:
Liquidity; ALix T1 + gateways (poloniex dual side, numerous sell side):
I propose sending another 47 BTC to NuLagoon Tube to move the liquidity to like $80k bid, $100k ask.
2 Likes
Half of the minting voters are sleeping. If we want the rate to be X, all the non-sleeping ones have to vote 2X X in order for the median value (the adopted park rate) to reach X.
Everyone should vote at least 10%pa @ 1week, 2 weeks, 1 month.and 0 for 1.5 months and longer durations
1 Like
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.
2 Likes
At least 34% of all nsr, according to how many my fraction of total nsr has minted in the last 20hr.
That means we need to have 17% i.e. 139 million NSR must vote for a rate above X in order for the rate to be X
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.
2 Likes
The park rates for 1.5m and 3m are 4% and 3%. So we have them steadily increasing it seems.
I am setting them to 20%.
Should I increase them even more?
It matters if one of your subscribers happens to be the median voter in a 2000 block window looking back, i.e. half of the voters are less than her/him, half are more.
Yes. That means more than half of the voters are voting for 3-4% at least. Very good sign.
How do I find out how many nbt are parked atm ?
Right. I am gonna increase a bit then.
getinfo under nubits wallet
–> “totalparked” : 137.56,
nud getinfo | grep parked
"parked" : 0.0,
That is how many are parked in your wallet.
This is right. It only shows when unit is switched to nubits!
Right!
Oops:
nud -unit=B getinfo
{
“version” : “v2.1.1-RC1-15-gcf6a10f-beta”,
“protocolversion” : 2000000,
“walletversion” : 1,
“walletunit” : “B”,
“balance” : 0.0,
“newmint” : 0.0,
“stake” : 0.0,
“parked” : 0.0,
“blocks” : 837228,
“moneysupply” : 1291595.0729,
“totalparked” : -5640.0,
“timeoffset” : -1,
“connections” : 8,
“proxy” : “”,
“ip” : “obfuscated”,
“difficulty” : 0.00019527,
“testnet” : false,
“keypoololdest” : 1460528227,
“keypoolsize” : 101,
“paytxfee” : 0.01,
“errors” : “”
}
mine too.
I’m seeing 0.0 parked in my production client. Can you try restarting the daemon and let me know what it says after that?
You mean totalparked in B wallet mode?
After the restart:
nud -unit=B getinfo
{
“version” : “v2.1.1-RC1-15-gcf6a10f-beta”,
“protocolversion” : 2000000,
“walletversion” : 1,
“walletunit” : “B”,
“balance” : 0.0,
“newmint” : 0.0,
“stake” : 0.0,
“parked” : 0.0,
“blocks” : 837356,
“moneysupply” : 1291595.0429,
“totalparked” : 0.0,
“timeoffset” : 0,
“connections” : 1,
“proxy” : “”,
“ip” : “obfuscated”,
“difficulty” : 0.00019687,
“testnet” : false,
“keypoololdest” : 1460528227,
“keypoolsize” : 101,
“paytxfee” : 0.01,
“errors” : “”
}
Correct.
Strange. The restart “removed” the parked NBT! 