[Passed] LPC grant request for supporting NBT/USD on CCEDK

[kschneezy]

I do not have any NuShares at present… still waiting for JL to answer my Bitmessage.

I do want to comment and say I am in support of this proposal as a potential NuShare investor. I would vote if I could

[JordanLee]

I’m glad to see cryptog is competing to become an LPC. I would like to bring everyone’s attention to the following proposal:

Proposal for LPC service in classical mode

There are lots of great discussions and great innovative proposals about how to improve LPC service these days. I really believe each one of them is making valuable contribution to Nu. Because there still will be some period of time before changes are implemented, I would like to submit a classical LPC proposal to continue my operation. My main purpose is to demonstrate how this mechanism works, and that it is sustainable. I do not have a clear thought about what the right compensate rate is,…

This was barely passed after two weeks of voting about a month ago. Because it is for NBT/BTC trading, that LPC is exposed exchange rate risk that cryptog won’t be. Also, I expect that as NuBot is trusted more and more that prices for providing liquidity will drop. My guess is the price at which this would pass is somewhere between 300 and 500 NBT.

Whenever a custodial grant proposal is edited a new NuBit/amount pair should be submitted so it remains clear what has been voted for.

Edit: While not used for voting, it is best practice to include the RIPEMD-160 hash of a custodial grant proposal to make it clear the proposal has not been modified.

[Cybnate]

Whenever a custodial grant proposal is edited a new NuBit/amount pair should be submitted so it remains clear what has been voted for.

Edit: While not used for voting, it is best practice to include the RIPEMD-160 hash of a custodial grant proposal to make it clear the proposal has not been modified.

To me it is not entirely clear what you are asking for. The network can’t provide you with NSR, you will have to ask JL for that. In that case it would be good to which of JL’s proposal you are referring to. When you accept NBT, the network can provide it similar to XJABC’s proposal. I think it is best to update your proposal with the NBT amount and a new address so it is clear what we are voting for.

BTW Given the low risk I wouldn’t vote for it when reward is >500 NBT for 1 month. You might try a longer period, e.g. 2 months if you are looking for a higher reward. 25%/month is a bit steep to me for a relatively low risk activity.

[mhps]

The network can’t provide you with NSR, you will have to ask JL for that.

Can such public distribution of NSR be executed by a group of trusted community members via a multisig address, according to voting results, so that JL doesn’t have to spend time on this mechanical work ?

[miner]

Honestly, I just saw the post today. Then I started to vote. Is there an fast and efficient way to pass the relevant votes to shareholders? Maybe a push message to the client?

[Cybnate]

Going a bit off-topic here, obviously NSR is more desirable than NBT. However one can buy NSR with NBT on the exchange, assuming NBT is trusted for that purpose. Or is the problem that NBT issued by the network is not backed by USD?

[seki]

voted.
i also want to see custodian proposals in my wallet like miner said.
It will make the reaction more quicker than searching in the forum.

[mhps]

Or is the problem that NBT issued by the network is not backed by USD?

Right. NBT issued by the network are not backed by any USD. They are “backed” by costodian’s work so economically they could be money well spent but financially they don’t have corresponding USD in the Nu net.

[cryptog]

Given the fact that my proposal got only 3.5% of shareholder’s votes after 5 days of being published and since it seems that it would be difficult to get shares (JL alludes explicitly to the fact that I should make a proposal similar to @xjabc 's one which asked for Nubits) this time, I will edit it and include a hash in it, within the next hours.

[cryptog]

I have modified my original proposal.
This is another proposal derived from the original proposal.
That is why I have decided to use the same thread and a new custodian address.

new custodian address: BTgryZQ1dQNJYMjm74K3ajdRnDfsCjh3c3
new quantity: 499 NBT

Looking forward to your votes!

[Cybnate]

Supporting this. We need liquidity on NBT/USD pair.

[Colin]

Voted for you, and thanks for the good work.

[wengone]

voted

[ronny]

Where can I see the new addres to be used or voting?

[cryptog]

it is mentioned as “custodian address” in the proposal: BTgryZQ1dQNJYMjm74K3ajdRnDfsCjh3c3

[ronny]

voted

[crypto_coiner]

BTgryZQ1dQNJYMjm74K3ajdRnDfsCjh3c3

voted

[cryptog]

I have 4.27% of votes right now.
My previous custodian address is still getting new votes.

If you believe that you have already voted, please remove the previous custodian address from your wallet and revote by inputting the updated address and grant quantity:

BTgryZQ1dQNJYMjm74K3ajdRnDfsCjh3c3, 499

Tks a lot.

[cryptog]

It seems that some people are voting for the modified proposal taking into account the new custodian address but with the incorrect NBT grant.
It has changed from 1 to 499 NBT.
Tks for your attention.

[willy]

Are you still asking for shares in compensation?