looks like someone has the wrong amount configured in their client. The amount associated with the grant should be 320, not 200 
1 Like
Added [Voting] in the title of this thread. Just to make clear this is open for voting.
Here are the details for the Custodian Vote on BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v:
##[BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v][1]
[1]: https://discuss.nubits.com/t/cybnates-datafeed-beta
###320.00 NBT.
Blocks: 883 (8.830000%)
Share Days: 245594210 (7.596605%)
###200.00 NBT.
Blocks: 3 (0.030000%)
Share Days: 1540964 (0.047664%)
Here are the details for the Custodian Vote on BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v:
##[BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v][1]
[1]: https://discuss.nubits.com/t/cybnates-datafeed-beta
###320.00 NBT.
Blocks: 1947 (19.470000%)
Share Days: 537610366 (16.782213%)
###200.00 NBT.
Blocks: 3 (0.030000%)
Share Days: 1540964 (0.0481%)
I think we should diversity the ways liquidity is brought to the users.
At the same time, we need also to make buying nbts via fiat easier.
I think this custodian vote is pointed into this direction.
Voted.
Thank you @cryptog, I agree with your points.
Iāve had some more communication with Marc at Bittylicious.
Once the NuBit integration is complete the ability to sell NuBits through the platform will be open to anyone. There are a few barriers to becoming a seller such as having to comply with KYC/AML and having a valid UK/EU bank account.
Even with that being the case, I would hope that we can get a few different sellers involved from this community. It is up to the seller to set the price of the crypto currency they sell so there would be scope for non-custodial liquidity providers to sell NBT for profit on the site by allowing a larger āspreadā. I think it would be important though to have at least 1 true LPC active on the site offering NBT for sale at $1 (or equivalent in GBP or EUR). The Bittylicious system matches traders on price so, as is the case with Dual and Sell side custodians opperating through NuBot, the ādual-sideā orders ($1 + fee) would get executed before the āsell-sideā orders ($1 + fee + spread).
Due to the centralisation aspect of needing a Bank account to trade, I still think the Pool idea could be a good one. My fear is that, with the strong regulation in the UK, by looking after and trading others funds through their bank account, ta pool operator could fall foul of KYC/AML legislation themsleves and put the pool fund under risk of seizure. If anyone fancies researching and giving it a go though, please feel free. Itās certainly more time consuming and seemingly of higher risk than I am comfortable with at the moment.
I would be interested to hear from anyone interested in becoming an LPC on Bittylicious. Just to clarify, you must be alright with going through AML/KYC clearance and have access to a UK or EU bank (UK is preferred as it offeres āFast-Paymentsā as opposed to the āSEPAā payments EU banks offer which are more liable to reversals)
I am interested in becoming an LPC myself as my location is ideal with regards obtaining a bank account and Iām happy with passing AML/KYC. My issue is that the quantity of funds I can bring to market is much lower than any custodial proposal we have seen to date. There would also be, to begin with at least, a manual aspect to the trades with checking bank accounts to ensure payment has been made before releasing the NBT. I would aim to automate much of this with the help of Marc but for the first few periods at least there could be a lot of time spent on providing the liquidity which in turn would demand a higher than average fee.
I have been planning a little bit and I believe that with careful management and using the bank funds to purchase new NBT when necessary, along with re-investment of Custodial fees, I could successfully provide liquidity through Bittylicious.
I still need to make the final decision as to whether this will be worth my time. It will be a bit of a gamble as there are quite a few unknowns at the moment (expected volume, automation capabilities etc.). Assuming I were to offer my services as an LPC, with my meager funds (compared to current LPC proposals) and potentially higher fee (due to amount of work involved), I would like to get some feedback from the community on whether such a proposal would gain votes from shareholders?
1 Like
I think we need to get started. So it sounds reasonable to me.
2 Likes
Given the news of the last 24 hours (plus the news of the last 2 weeks!) it is now vitally important for the continued health of the network for LPCs to come forward and start offering liquidity.
I think a large phsychological barrier to custodianship is the amount of liquidity that has been offered by LPC proposals to date. In the absence of any Liquidity Pools I think there can still be a role for smaller LPCs to operate and, at the very least, not make a loss.
I have decided that I will be opperating on Bittylicious when the capability to do so becomes available. I would hope that this sends the message that it is possible to help out the Nu network even with smaller amounts of liquidity and I hope that others follow.
@assistant custodian vote BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v
1 Like
Here are the details for the Custodian Vote on BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v:
##[BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v][1]
[1]: https://discuss.nubits.com/t/cybnates-datafeed-beta
###320.00 NBT.
Blocks: 2501 (25.010000%)
Share Days: 747338235 (23.457889%)
###200.00 NBT.
Blocks: 3 (0.030000%)
Share Days: 1540964 (0.048369%)
Here are the details for the Custodian Vote on BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v:
##[BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v][1]
[1]: https://discuss.nubits.com/t/cybnates-datafeed-beta
###320.00 NBT.
Blocks: 3320 (33.200000%)
Share Days: 970595683 (30.456846%)
###200.00 NBT.
Blocks: 3 (0.030000%)
Share Days: 1540964 (0.048355%)
Morning All.
This is still heading in generally the right direction but seems to have hit the doldrums of 40%. If anyone isn;t voting for this grant but thinks it is a good idea, could you add it to your client while you mint please?
@assistant custodian vote BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v
Here are the details for the Custodian Vote on BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v:
##[BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v][1]
[1]: https://discuss.nubits.com/t/cybnates-datafeed-beta
###320.00 NBT.
Blocks: 3987 (39.870000%)
Share Days: 1164385644 (31.925535%)
This vote seems to have stagnated.
If a shareholder reads this who isnāt voting for it, can I ask what has put you off?
@assistant custodian vote BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v
Here are the details for the Custodian Vote on BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v:
##[BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v][1]
[1]: https://discuss.nubits.com/t/cybnates-datafeed-beta
###320.00 NBT.
Blocks: 3940 (39.400000%)
Share Days: 1146843259 (30.396069%)
up for this!
Iām still on the Mac version 5.3, however I open up my wallet and voted for your motion. all the best @woolly_sammoth.
Thank you both @desrever and @SkullandHeadphones.
The vote is still hovering just under 40%. Iām hoping that the weekend will see more people minting and will push the vote those last few percent.
@assistant custodian vote BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v
1 Like