[Passed] Reimbursing shareholder

[Phoenix]

Below is a list of each transfer associated with quarantined addresses:

SYAxC194NgWoAqtGHHZ4GKXU6LT7mgqAq1 1800270
SYAxC194NgWoAqtGHHZ4GKXU6LT7mgqAq1 2400360
SYAxC194NgWoAqtGHHZ4GKXU6LT7mgqAq1 2900430
SYAxC194NgWoAqtGHHZ4GKXU6LT7mgqAq1 4500660
SYAxC194NgWoAqtGHHZ4GKXU6LT7mgqAq1 3900580
Sk2P6oj9VCC8VmCBQaRWK4iwTPbvPcGPsh 1000150
SQoAn2DmRPv2ypLcLR1NT3ciqfh8X9qbDQ 4000590
SQoAn2DmRPv2ypLcLR1NT3ciqfh8X9qbDQ 130030.11
SQoAn2DmRPv2ypLcLR1NT3ciqfh8X9qbDQ 980180
SWvFUTiJ2gvmUEGEszvXrdjkn6Uh9ZLbZe 8001400
SigAuqtYtigWZ8uVFG7iuLDYv9au9cK49L 15002460
SkNDumZBBbx5ygSRd7Nvbg32RoeUERoHrH 15002370
Sif3nJuoCZmG5zeahqAYy9jetRLAKfDawC 15002220
SYhzKRTPVR6PrqcHqZE1c2d7fWDQLqieba 15002220
SNi3zogpVvEGNLyxh6RLNHGU3PMPJBzgEY 15002210
SWxjKJ4m3U1X7h22yVDyDuHcdc5hwqxG6g 15002210
SYBAJJpoxwUBwyrLMud8B6FLibvZzbTCpi 15002210
Sbtxw5pC3y3QpepsWH5iAcra5a53ne6se9 15002210
SYxdao1Pyn92trMniivmw3UVLJ9wXbX6kz 15002200
SWVRAjpqjW4orkYmADPvQ1adUni9jVK7H8 10001460
SUJH1DLG2iLKHY3vXw4V5J1iLphCYAxg6n 10001460
ShQ4Rezxs3NKJHcRV6SVL1bvduT2n9P4bi 10001460
SewzCfwc36oFTXH9jL1VTUHsEPrJpnB2x2 10001450
SYy3bPPGqf3NipGyVRcgcu6rq7RKHoyh5Y 10001450.4959
SQ7JRP54iQeLCHR8tujDJsAndKeiuyAqbi 10001380.6117

The total is 224669631.2176 NSR.

As reimbursement to the shareholder, please pass this custodial grant of NSR:

Custodial Grant Amount: 224669631 (just over 224 million)
Custodial Grant Address: SdBW9GS8PaK7GCeSMGuvGZtG5gDLhJT66H

[cryptog]

what are we going to do with these 224 m NSR ?

[Cybnate]

Also a good idea to get them into a multisig address to prevent more losses maybe?

[jooize]

These NuShares were privately owned. They will not be used for Nu shareholder purposes.

[Nagalim]

It’s another 200 mil for the mysterious private investors to dump on the market. Just shut up and vote for it without all these questions.

[ConfusedObserver]

How could privately owned NSR be lost by @phoenix?
Or is this grant related to something different than the ‘loss’ of funds by @phoenix?

[MaVo]

Erm, wait, this is not the B&C shareholder fund? Is @Phoenix personally getting reimbursed for private shares which he lost? @jooize could you please one time ignore us and stay silent?

[ConfusedObserver]

SYAxC194NgWoAqtGHHZ4GKXU6LT7mgqAq1 1800270
SYAxC194NgWoAqtGHHZ4GKXU6LT7mgqAq1 2400360
SYAxC194NgWoAqtGHHZ4GKXU6LT7mgqAq1 2900430
SYAxC194NgWoAqtGHHZ4GKXU6LT7mgqAq1 4500660
SYAxC194NgWoAqtGHHZ4GKXU6LT7mgqAq1 3900580

I honestly don’t get it.
The address quoted here has a final balance of 1,770,300 NSR

It received in total 15,552,620 NSR

It was blocked in March by an urgently made update of the client requested by @phoenix and made by @sigmike without any shareholder participation. No motion, nothing. Just do it!

NuBits v3.0.1ban2 Release – Urgently needed Nu upgrade now available

Blocked addresses are:

SYAxC194NgWoAqtGHHZ4GKXU6LT7mgqAq1

I’m too lazy to research that for all addresses, but wouldn’t it convenient to ‘lose’ funds, sell most of them, let some be locked by an urgent client update and get a nice reimbursement a few months later?
Oh, that would require that the NSR haven’t really been lost.
What do I know…

[Phoenix]

Erm, wait, this is not the B&C shareholder fund?

I want to put the B&C Exchange shareholder fund in a multisig address. So, we need a functional multisig team first. @Cybnate has put some good work into organizing that for us recently. I am going to advocate that grant be at least 237 million NSR, currently valued at $319,000. There is some sensibility to the notion it should be higher because Nu multisig custodians didn’t maintain the value of the B&C Exchange development fund as they were obligated to, which was in US NuBits. It is undeniable this caused B&C a lot of loss. I am considering advancing a motion regarding the matter.

My hope is we will have one or two full time developers working on B&C Exchange within a number of months. To make that happen, it is important to keep the NSR value up.

[MaVo]

Multisig consisting of @Phoenix, @jooize and @Cybnate? That would actually be the funniest clown parade on the internet, but not a reliable multisig team to handle funds for investors. You failed big time, Mr. Scam Architect.

[ConfusedObserver]

There is some sensibility to the notion it should be higher because Nu multisig custodians didn’t maintain the value of the B&C Exchange development

The same old story.
Still a lie.

[Nagalim]

Please note that the question of whose nsr we are reimbursing was artfully dodged.

[Phoenix]

You failed big time, Mr. Scam Architect.

No MaVo, you failed in your persistent and open attempts to bury Nu and B&C Exchange. Demand for Nu’s products has grown about 800% so far this year. That is a big success, one which I am clearly more responsible for than any other individual. Which of our competitors is paying you for your lies and slander?

[lissajous]

You’re going to need to elaborate on the circumstances and show your work if you expect me to think anything other than this is your usual shenanigans, @Phoenix. Per usual you have created a situation where the entire network needs to trust your horrible reputation here.

[Cybnate]

, but not a reliable multisig team to handle funds for investors.

Right unreliable multisig team according to you. What did we have before? Multisig is as reliable as the underpinning contracts for the team participating in it. I believe we can do better than what has been shown previously.

At least it is better than having funds in the hands of a single actor with all its risks. Don’t let get the perfect in the way of the good I would say.

[lissajous]

My imagination tells me @Phoenix locked a shareholder out of their funds and now is claiming them for himself. We’ll never know the truth unless @Phoenix looks up what transparency means in the dictionary.

[Phoenix]

My imagination tells me @Phoenix locked a shareholder out of their funds and now is claiming them for himself.

That isn’t plausible. All the shareholder would have to do is come to the forum with a signed message and say so. That isn’t happening.

[lissajous]

That isn’t plausible. All the shareholder would have to do is come to the forum with a signed message and say so.

Prove it. This shareholder can explain to his peers what is going on with a signed message.

[MaVo]

I paid $20,000 for BKS. Where is my money? Did you “lose” it or did I “lose” it?

Oh, and btw: willing to purchase my BKS at $4 a piece?

[lissajous]

I’d also like to point out that any discussions and the fork that blacklisted the funds was not authorized by Nu Law. The scope of your authority is limited to Liquidity Operations until you voluntarily gave up the responsibility of managing private keys holding shareholder funds after you lost 300 million NSR. (allegedly)