Park Rate Voting

[mhps]

My own analysis is that there will be significant sell-side pressure from B&C Exchange contributors selling NBT in the next few months.

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.

[masterOfDisaster]

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" : 96.67216189

The liquidity situation needs further balancing:

Liquidity; ALix T1 + gateways (poloniex dual side, numerous sell side):

Mon Apr 18 06:50:07 UTC 2016

status of the gateways in total:
bid total 31797 USD, bid side ratio 47%
ask total 35362 USD, ask side ratio 52%

status of the ALP last 15 minutes:
bid total 30370 USD, bid side ratio 26%
ask total 85352 USD, ask side ratio 73%

status of the ALP last 4 hours:
bid total 31254 USD, bid side ratio 26%
ask total 87280 USD, ask side ratio 73%

status of the total liquidity; gateways and ALP (last 15 minutes):
bid total 62167 USD, bid side ratio 33%
ask total 120714 USD, ask side ratio 66%

status of the total liquidity; gateways and ALP (last 4 hours):
bid total 63051 USD, bid side ratio 33%
ask total 122642 USD, ask side ratio 66%

I propose sending another 47 BTC to NuLagoon Tube to move the liquidity to like $80k bid, $100k ask.

[mhps]

Park rates are still not really on the rise

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

[masterOfDisaster]

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.

[mhps]

how high is the minting participation?

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

[masterOfDisaster]

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.

[cryptog]

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?

[mhps]

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.

we have them steadily increasing it seems.

Yes. That means more than half of the voters are voting for 3-4% at least. Very good sign.

[mhps]

How do I find out how many nbt are parked atm ?

[cryptog]

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 mor

Right. I am gonna increase a bit then.

How do I find out how many nbt are parked atm ?

getinfo under nubits wallet

–> “totalparked” : 137.56,

[masterOfDisaster]

nud getinfo | grep parked
"parked" : 0.0,

[mhps]

“parked” : 0.0,

That is how many are parked in your wallet.

getinfo under nubits wallet

–> “totalparked” : 137.56,

This is right. It only shows when unit is switched to nubits!

[masterOfDisaster]

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” : “”
}

[mhps]

“totalparked” : -5640.0,

my client is 2.0.3 and agrees with @cryptog’s 137.56 . You might find a bug in 2.1.1 ? @CoinGame

[cryptog]

my client is 2.0.3

mine too.

[CoinGame]

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?

[mhps]

0.0 parked

You mean totalparked in B wallet mode?

[masterOfDisaster]

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” : “”
}

[CoinGame]

Correct.

[masterOfDisaster]

Strange. The restart “removed” the parked NBT!