I have been slowly acquiring some Nubits, and assuredly not because of the above reasons.
My motivation is that the quicker we can get the price moving northbound, the less we will need to dilute my NSR, and the less likely those shares may find their way into the hands of Phoenix to further ambitions that I am not comfortable with. In other words, I have already put my money where my mouth is.
As a long-standing Nu shareholder, I am increasingly alarmed at the push from Phoenix to acquire NSR and the reach for a lot of authority.
My thoughts break down as follows:
1- if Phoenix is JordanLee, then this masquerading is not behavior I would admire in the leader of a project that is attempting to be better than any crypto out there, become global at-scale, and an alternative to the establishment. Criticisms of the community are a sideshow from the flaws in the design already articulated by one’s own arguments. If people are the problem, then as the lead architect, the correct action is to architect a better technology that minimizes the ability for people to foul it up, not to centralize this flawed “people” approach into one person, who can act without any peer review or consensus.
2- if Phoenix is not JordanLee, then we have a new actor within our community. Like anyone new, to become a trusted member of our community, it will take time and efforts that have been proven positive (not just words) to gain the community’s trust. A rapid push to gain a lot of authority is suspect. Feel free to offer yourself to be a member of FLOT and offer yourself in a capacity that has limited power – one that can still help further the recovery of the network, so we can measure your actions.
The lack of JordanLee’s presence continues to remain a concern of mine, both as a member of this community as well as a developer whose future compensation is in question. In the absence of JordanLee, I’m sure we will determine new leadership, and I have faith thru the quality of the community, that the new leadership will do their best to take care of us to the limit of what we can afford.
Lastly, I don’t mind the 3:1 upside opportunity on Nubits. Get 'em while they are cheap.
