[Passed] Re-evaluation of RSOT Implementation

[ConfusedObserver]

Maybe I misunderstand you, but isn’t it good that the RSOT motions find support?
I mean all, but this one.

Having the dev funds under control of an organization like RSOT is helpful to get control and transparency.

[backpacker]

support for phoenix motion abruptly stopped at #693,033

[Cybnate]

Maybe I misunderstand you, but isn’t it good that the RSOT motions find support?

support for phoenix motion abruptly stopped at #693,033

It just doesn’t bode well.

[ConfusedObserver]

I agree.
One can question the “Jordan infiltration level” of B&C and even Augeas…
It’s hard to get rid of Jordan, if you don’t even know who he is/they are.
Do you have a clue what account here in the forum is a sock puppet of Jordan?
I don’t, although I have some suspicions.

[MaVo]

I agree 100%. It is not unlikely that Jordan plays a huge role in AES already. Some signs now popping up are really weird.

[backpacker]

such as?

[cbe]

If we secure them I don’t believe we need another blockchain.

In this community of distrust, are these words worth anything?

If you don’t make a strong and credible commitment to not forking him and his supporters out, then securing the development funds is unlikely.

be loyal to the interests of shareholders.

Honour and respect every single shareholder equally regardless of identity or voting behavior.

[backpacker]

c’mon, Jordan, why would anyone let your shares corrupt yet another POS blockchain? i think dev fund (what’s left of it in NSR form) is a small price to pay to have a fair distribution of power.

[cbe]

dev fund (what’s left of it in NSR form)

That’s just another point to add on to the list of considerations to be taken into account. Handling over the development funds in NSR form to Augeas supporters would be the ultimate deathblow to Nu.

[ConfusedObserver]

Handling over the development funds in NSR form to Augeas supporters would be the ultimate deathblow to Nu.

What exactly does Augeas in your opinion have to do with B&C?
Why should the dev fund of B&C have anything to do with the fate of Nu?

[cbe]

What exactly does Augeas in your opinion have to do with B&C?
Why should the dev fund of B&C have anything to do with the fate of Nu?

You have to think as if you were Phoenix. Then it becomes clear that a compromise is needed that satifies both.

He’s got the money. He’s got interests.

[ConfusedObserver]

He’s got the money.

It’s not his money. He keeps it on behalf of the shareholders.

He’s got interests.

We can agree on that.

I still don’t see the relation to the fate of Nu.

[cbe]

It’s not his money. He keeps it on behalf of the shareholders.

No shit!

I still don’t see the relation to the fate of Nu.

Here, have some quotes:

[Passed] Motion to establish Reputed Signers Operations Team (RSOT)

And we need it back in something that still holds some value (i.e. BTC).

No dev fund in NSR…

[Passed] Motion to Empower Motions

B&C will continue being B&C, but have the money to finish development and Augeas will most likely end up being a replacement for Nu.

[ConfusedObserver]

Why should other NSR holders (e.g. Nu) be preferred to B&C?
Do you say that B&C shouldn’t sell NSR to remove sell pressure?
What good are the NSR for, if they can’t be sold?

Augeas and Nu may be competitors.
If you consider a potential competitor, that doesn’t even have its first product a deathblow to Nu that speaks volumes for the health of Nu.
What a crazy move of Augeas to care about accounting, revenue and stuff

[cbe]

Why should other NSR holders (e.g. Nu) be preferred to B&C?

Because Jordan wants so.

Do you say that B&C shouldn’t sell NSR to remove sell pressure?

I say that B&C ex Jordan would sell NSR which would be the ultimate deathblow to Nu (and Jordan doesn’t want that).

What good are the NSR for, if they can’t be sold?

They are good for voting for Jordan’s motions.

[Tony]

B&C ex Jordan would sell NSR

It would be suicidal to do that now. The dev fund of B&C relies crucially upon the recovery and success of Nu.

[cbe]

It would be suicidal to do that now. The dev fund of B&C relies crucially upon the recovery and success of Nu.

Tony actually got something right - support Nu or kill B&C (and Nu).

Thanks, Jordan.

[woodstockmerkle]

It would be suicidal to do that now. The dev fund of B&C relies crucially upon the recovery and success of Nu.

My understanding is that the B&C dev fund was in BTC, PPC, or NBT. Is there any information that these funds have been used to buy NSR?

[ConfusedObserver]

[Passed] B&C Exchange should trade all US-NBT for NSR

This motion has been finalized on Daology. Motion Hash: 94c2541e909b1240ac478571305809cd23295a21 Please note that voting is taking place on both the Nu and B&C blockchains. Please offer your constructive suggestions and observations. If you have something negative and counterproductive to say, please kindly write it on a piece of paper and flush it down the toilet.

As far as I understood the funding, all BTC and PPC were converted to NBT.
Those NBT have been traded for NSR (and a part of the NSR to BTC, although Phoenix had no mandate to do that).
Needless to say, but important to note that this question

[Passed] B&C Exchange should trade all US-NBT for NSR

on base of what b&c motion did you convert development fund from NSR to BTC?

hasn’t been answered by @Phoenix.

[Passed] B&C Exchange should trade all US-NBT for NSR

40 million NSR belonging to B&C have been exchanged for BTC. The BTC is in the process of being exchanged for US-NBT. I will give a US-NBT total when the exchange is complete.

This was prudent to do because a considerable gain (around 45% as a guess without seeing the final figures) could be secured when park rates and US-NBT appreciation are considered. It is better to have some B&C funds in stable US-NBT collecting 20% interest than all in the most volatile cryptoasset: NSR.

Details about the dev funds are largely unknown - at least to me.
I don’t know the addresses at which NSR and potentially BTC, PPC are.

[Nagalim]

rofl at how the B&C IPO was basically just an NSR buyback.