Park Rate Voting

[jooize]

That being said we really need some updates to the website, why is poloniex still on there? Why are some videos broken? Investors will only think that the project has been abandoned if they visit the main site which is not at all what we want.

That’s one of my top priorities, but just as has been all year other more important tasks appear. We have a developer working with us on the website now.

We didn’t had easy access to do updates to the website before

We did have access. I’ve made a few minor changes.

[jooize]

Right, but look at how stable the amount of NBT in circulation is unless an NSR buyback shall be triggered:

You are now directly spreading misinformation. For NuShare buybacks the NuBits in circulation has always been determined independently of what’s displayed at CoinMarketCap. I have contacted them a few times to update their data.

was a direct consequence of the massive sale of NBT on May 4?

You don’t know what you’re talking about.

That rise reflects them simply updating their supply figure. Circulating US NuBits was 133,855 US-NBT on January 27 and have not dipped below that in any supply count since. The 24h volume on May 4 was only $1,050.

Administrators @Cybnate and @woolly_sammoth: Where will the line be drawn?

[DavidMc0]

You don’t know what you’re talking about.

That rise reflects them simply updating their supply figure. Circulating US NuBits was 133,855 US-NBT on January 27 and have not dipped below that in any supply count since. The 24h volume on May 4 was only $1,050.

I know there’s a lot to do, but has any progress been made with any kind of live view of the amount of NBT in circulation, or a historical chart? I seem to remember there was talk of this being considered / worked on, but wanted to ask in case it’s already available.

[jooize]

Yes. @woolly_sammoth will be able to give a more detailed report.

[MaVo]

Administrators @Cybnate and @woolly_sammoth: Where will the line be drawn?

Are you nuts you idiot? You are the Vice Chief of Ponzi Operations. It is your job to explain what’s going on. Do you think that is how being the boss works? Call for censorship whenever you think it’s time? Even worse, it demonstrates how dumb you are. Let’s assume you disproved @ConfusedObserver’claims, wouldn’t you want that stuff to be public? My god…@cybnate and @woolly_sammoth, I think @ConfusedObserver really crossed the line by expressing his personal opinion. Could you please ban @ConfusedObserver? I know he didn’t use bad words like I do, but he is trying to work against @jooize’s economic incentives and that is indictable in Nu world. Ban him!

[ConfusedObserver]

You don’t know what you’re talking about.

Then I let mostly others talk.
Some quotes are not sorted chronologically to enhance readability. I think it’s just one by @DavidMc0, which I put in between .

Backbone Reserve Operations (tier 6)

A large number of US NuBits entered and exited circulation this week. We set higher walls to accommodate the demand.

Backbone Reserve Operations (tier 6)

Indicators of an attack being attempted include rapid purchsse of NBT once buybacks start in an attempt to pump NSR price before dumping. This may be happening, and the best defense is to raise the reserve ratio.

Backbone Reserve Operations (tier 6)

If the aim was to manipulate price, we should expect significant NBT purchases following equilibrium being met.

In the short time since equilibrium has been met, the circulating supply of NBT has increased by 70% (from 180k to 305k in 1 week)

Backbone Reserve Operations (tier 6)

A higher reserve rate or more diverse reserve funds is indeed the best response to these risks imo.

Backbone Reserve Operations (tier 6)

Why is there no such motion?
What are reasons not to increase the reserve ratio?
Who benefits from not increasing the reserve ratio?

Backbone Reserve Operations (tier 6)

Who benefits from not increasing the reserve ratio?

NSR holders who want to sell in the short term, including potential attackers are probably the only ones to gain from not increasing the reserve ratio.

Backbone Reserve Operations (tier 6)

I will repeat what I have said before: the only thing I want to discuss with @ConfusedObserver is the return of the 13 BTC he stole from NuShare holders.

Phoenix will no longer be holding keys to shareholder funds

The theft, which has taken place over a period of time of about the last week, has resulted in a temporary cratering of the NSR price. Stolen funds appear to have been sold at Alcurex at a rapid rate. It appears most have already been sold.

Administrators @Cybnate and @woolly_sammoth: Where will the line be drawn?

[jooize]

Are you nuts you idiot? You are the Vice Chief of Ponzi Operations. It is your job to explain what’s going on.

You two don’t have that card to play.

You two have for a long time been beelining any chance to spread your view of Nu being a scam.

Your posts are often summarized by (while not all applying to both of you):

• “Phoenix is majority shareholder at least counting voting or maybe even circulating NuShares.”
• “A majority-owned project is failed.”
• “Phoenix obviously stole the ‘lost’ NuShares.”
• “Phoenix, jooize, and everyone working for Nu are corrupt scammers because …!”
• “The Nu liquidity model sucks.”
• “Why aren’t you answering all of our questions after I didn’t research properly, made ignorant accusations, and rarely acknowledge being wrong or strengthen my statement but move on to the next circumstance that should be criticized for the interests of those who don’t have the same understanding as I do?”
• “I don’t care about Nu.”
• “I know how to make Nu profitable. I’ve told you how. It’s by not even trying to do what you’re attempting. Why aren’t you implementing my idea instead of what you believe in?”
• “Until you implement my ideas or other ideas this project is a scam.”
• “You will not succeed.”
• “What jooize calls for is censorship because what we post is what we think is relevant.”

This forum has seen respectable critics over the years. You are not, and do not appear wanting to be.

The forum prides itself on allowing dissent, which I absolutely agree with. However! In any fair neutral discussion group there must be a point at which exclusions are made. Otherwise it’s possible to shift exposure of views to any degree.

Fair moderation takes time, energy, and understanding of the topic. When a participant continually breaches the difficult to define reasonable amount of discussion space or the discussion conduct code, moderators must act to protect the ability for the rest of the participants to discourse according to what they believe and observers to discern every position.

I don’t expect opposition on those points.

That’s for a neutral discussion group. Any entity (project, company, individual, …) with their own discussion group can further limit and specify terms for what they allow and act on if the owners accept the risks to credibility.

Moderators can allow repeatedly offending participants to stay, and only remove posts after they’ve been reported and analyzed. I suggest keeping letting them have an impact is not philosophically fair even in a neutral discussion group.

Attention, forum administrators

These people say “there’s a problem”. They keep perpetuating “we have a problem”. What is the problem?

[…]

What is it? What is the narrative of @Phoenix’ reign of terror?

[MaVo]

Listen you little clown, go and provide an explanation why you bought Nushares at a too high price a week ago. You said there is no valid excuse. Did you reimburse shareholders? I can’t prove you bought your own Nushares, but seriously, what the heck did you do when your job is to compare two exchanges and buy Nushares wherever they are cheaper. If you fail at doing that, what do you want me or us to believe? What the heck is it that I should think about you? That you are dumb? That you are a scammer? Or what is it? Two exchanges and you bought Nushares at 16 satoshis while they were available for 10 satoshis at the other exchange. Should we believe that you simply overlooked the fact that Nushares could be bought at 10 sats? @jooize you are stealing money or wasting shareholder money, whatever it is, you suck.

[MaVo]

Your position isn’t “Vice Chief of Liquidity Operations”. It should be called “Vice Thief of Arbitrage Operations”, because that is what you are doing everyday, since there is no single person or board that controls your actions. You are filling your pockets on a frequent basis, asshole. And shareholders who can’t have a look behind the scenes but believe in the project simply swallow that pill, and that makes me angry, really angry.

[MaVo]

my god, I can’t calm down now because you are the ignorant person here, not me. What happens if you present us a story that 30 BTC were stolen from an address that you control? What then? Nobody is going to invest into this project as long as the control structure is as it is. Don’t you understand that? I believe that the idea Nu is pursuing is great. The way Nu tries to accomplish that is extremely disappointing. It MUST be ensured that funds can’t be stolen or lost. You are always saying that “failure is human” and at the same time you attest @Phoenix to be able to pull off an incredibly difficult project. Yes, failure is human. Be transparent right from the start, share the information you have, stop hiding because hiding is bullshit if you are honest. Look at all the projects growing to the moon right now. Do you think any of the developers is afraid to end up in jail? This is so ridiculous. There are reasons for @Phoenix / @JordanLee to hide. It is disappointing that B&CExchange’s Nushares are now gone. And shareholders simply have to swallow that pill. “I apologize for losing your funds”. Bam, that’s it. I am really shocked about your behavior, not mine. I am calling you names, you are stealing my money. And now you ask me to be more polite. This is fucking cynical. @phoenix converted all B&C BTC into NBT and used the proceeds for NSR buybacks. The B&C dev fund was gone within a blink of an eye. @Phoenix then decided to make B&C becoming an NSR shareholder with the funds that were left. Those funds are gone now. Who is to blame? Tell me who is to blame? Am I to blame? I trusted you guys a lot, or not you because you are a serious amateur scammer. But I trusted @JordanLee really really a lot. I threw money at him and said to others that he was a safe bet. @JordanLee turned into a maniac, “lost” funds three times, asked people who raised concerns to write their shit down on a piece of paper and flush it down the toilet. Nu really caught my eye you fucking idiot. But it disappointed me big time. The idea behind it remains compelling. The problem is not the idea, the problem is @jooize and @Phoenix.

[MaVo]

Listen you little clown, go and provide an explanation why you bought Nushares at a too high price a week ago. You said there is no valid excuse. Did you reimburse shareholders? I can’t prove you bought your own Nushares, but seriously, what the heck did you do when your job is to compare two exchanges and buy Nushares wherever they are cheaper. If you fail at doing that, what do you want me or us to believe? What the heck is it that I should think about you? That you are dumb? That you are a scammer? Or what is it? Two exchanges and you bought Nushares at 16 satoshis while they were available for 10 satoshis at the other exchange. Should we believe that you simply overlooked the fact that Nushares could be bought at 10 sats? @jooize you are stealing money or wasting shareholder money, whatever it is, you suck.

And I want a comment from that little sucker @jooize on this. Comment on this, please.

[woolly_sammoth]

@Mavo,
Could you try to just put your thoughts into one post. It is incredibly spammy the way you shout over 4 or 5 in a row.
@Cybnate had an idea that we create a meta thread where all the criticisms of Nu can be collated. I’m all for criticisms being aired, heard and acted on but not to have them splashed across every single thread on the forum. I’d be interested in your and others thoughts on that as a way to constructively address these issues and come up with solutions that can actually be worked on.
I’m leaving your posts where they are as I think you really hurt your arguments by posting as you do and I think that becomes obvious to onlookers as they read your posts. I do agree with @jooize though that there does need to come a line in the sand We should probably come up with some guidelines posted on the forum to explain what is and isn’t appropriate.
I agree that there should be more openness and accounting but, correct me if I’m wrong, @jooize has been completely open about the amount of funds he controls and the locations of them. He posts daily with facts and figures about the continued liquidity operations with addresses and fund movements. Beyond that there is a lot more to do, I agree again, but we few who are actually performing the tasks have our work cut out. We’re repairing the network and the reputation of the network while also trying to develop methods and infrastructure to do so in a more automated and transparent way, all part time (whatever hours I can spare outside of Full time Job, Family commitments, Going Outside etc.) and all in an incredibly hostile environment. I’d love nothing more than to just crack on with my todo list and actually get some software out but every-time I feel I may actually have that opportunity, the network provides an alternative path. I’m sure others feel similar

[MaVo]

Listen you little clown, go and provide an explanation why you bought Nushares at a too high price a week ago. You said there is no valid excuse. Did you reimburse shareholders? I can’t prove you bought your own Nushares, but seriously, what the heck did you do when your job is to compare two exchanges and buy Nushares wherever they are cheaper. If you fail at doing that, what do you want me or us to believe? What the heck is it that I should think about you? That you are dumb? That you are a scammer? Or what is it? Two exchanges and you bought Nushares at 16 satoshis while they were available for 10 satoshis at the other exchange. Should we believe that you simply overlooked the fact that Nushares could be bought at 10 sats? @jooize you are stealing money or wasting shareholder money, whatever it is, you suck.

And I want a comment from that little sucker @jooize on this. Comment on this, please.

Please, @jooize? And maybe @woolly_sammoth can comment on that as well. I would like to hear your thought on that @woolly_sammoth: what do you think is the motivation on failing at checking the prices of two exchanges at the same time? And if no motivation was behind that specific action, how would you justify that @jooize is in full control of Nu funds when he fails at comparing two prices of Nushares at the same time? Please provide your thought on that.

[woolly_sammoth]

My opinion? I can see how it could happen when you’ve got many things that you’re watching at the same time (and no I’m not talking about just checking two exchanges so don’t try and twist that into a new stick to beat @jooize with), accidentally placing an order into the wrong exchange is easily done and I believe @jooize when he says it was an accident. It does highlight the need for automation of the liquidity activities to try and reduce the human error factor. As I said before, I would love to just get on with that but currently other infrastructure jobs are my main focus (when time allows).

[MaVo]

Yes, it’s all accident. Everything is accident within Nu. Just everything. Placing opportunistic orders, theft, liquidity provision, a broken peg. Everything. And at the same time the actors are anonymous and refuse to leave even the slightest piece of a trail. I got you @woolly_sammoth, keep believing.

But let’s keep it fair here. Allow us to list all those “accidents” as often as possible. Newcomers should have a chance to understand how you guys are trying to suck money out of their pockets.

[woolly_sammoth]

So posting the price, date and amount of the sale on the public forum is not leaving any trail? Was that the accident?

As I said before, I’m all for irregularities being pointed out as that makes the network better so yes, please, do keep pointing them out, as long as you can do so in a constructive way that allows those actually contributing to the network to act on them rather, than just raging.

[MaVo]

How are you acting? You are discussing with those who point it out. Otherwise you are doing shit.

[Sabreiib]

@MaVo, I understand your anger, I bought 7500BKS in 2015, my loss is greater than yours.

Let’s move on, some people are not so smart, just watch their final result.

[excell]

Can anyone tell me the current parking rates and their time periods?

[Cybnate]

They finally have been set to zero by the shareholders. No park rates available.