Motion hash to place in the B&C Exchange client: cf6bbe0283ae44c842b8083cf605e658f9079548
This motion is stored on GitHub. To verify the RIPEMD-160 hash, the GitHub version should be copied using a RIPEMD-160 calculator like Browserling. When verifying, please ensure there is no white space before or after the body of the motion. The text is included below for convenience.
Phoenix, which should be understood as a brand providing a variety of services for Nu, shall be paid 180 US-NBT per hour for work performed for B&C Exchange and invoiced to the Manager of Liquidity Operations for NuBits, effective as soon as this motion passes. The type of work invoiced for is at the discretion of Phoenix. The limitation is work must be calculated for the benefit of BlockShare holders. The nature of Phoenix’s role at B&C Exchange is to facilitate work as needed in other areas of endeavor, including, but not limited to, development or marketing.
Compensation of other people, contractors, companies and entities is at the discretion of Phoenix and arrangements can be made without specific shareholder involvement. This is designed to remove bureaucratic obstacles and permit nimble solution of shareholder problems.
All transactions will be publicly transparent. Most organizations do not publicly release information about which contractors are being paid what, for their privacy. Consistent with this common practice, we will not publicly release information identifying which contractor or entity receives particular payments. This still allows the quantity of funds remaining and funds spent to be publicly audited. However, both Phoenix and the Manager of Liquidity Operations will have complete information about who has received payments from funds under their control.
The Manager Of Liquidity Operations for NuBits shall hold BlockShare holder funds in the immediate term, which is expected to consist mostly of 237 million NSR initially (a separate motion on the Nu blockchain is expected to establish this shortly). BlockShare holders are encouraged to replace the Manager of Liquidity Operations for NuBits in this role as possessor of B&C Exchange funds with a multisig signer groups as soon as practical. Both the Manager Of Liquidity Operations for NuBits and any multisig groups appointed to replace him shall be subordinate to Phoenix in the matter of how funds are spent and allocated. Phoenix has full discretion in how to disburse, spend and allocate funds (such as to assets other than NSR). This discretion is expected to be restricted as the organization grows, but any restriction on Phoenix’s discretion in spending and allocation must be passed by BlockShare holder motion.
If a custodial grant is passed on the B&C Exchange blockchain, it shall be understood that the custodian of those funds shall be responsible to BlockShare holders for the allocation and spending of those funds. Phoenix will have no authority over how subsequent custodial grants to others are spent, unless the custodial grant contract specifically states Phoenix has authority.