[Passed] Reimbursing shareholder

[jooize]

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[jooize]

@jooize, are you sure you want to censor my posts?

Yes.

[jooize]

8anqJTJBayjuxLj8gELnTZAbQboh8csExd

Let’s wait and hear what @sigmike says, then go ahead with a grant proposal. Sorry you haven’t been better taken care of for the great service you provided.

[jooize]

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[jooize]

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[sigmike]

@sigmike: Would you like to attempt getting the multisig funds out the right way? I created a transaction, but signing using Cointoolkit seemed to take days or more if at all.

@Dhume asked me for a solution about a year ago in a private messages. I sent him 10 raw transactions ready to sign and told him that if it was still too big for cointoolkit I could split them more.

If cointoolkit doesn’t work you should be able to sign these raw transactions with the client RPC.

[jooize]

@Dhume: Post those in the NuSafe thread and we can attempt to have them signed by the multisig group.

[lissajous]

This grant has passed. How shameful of jooize and phoenix for not empowering shareholders in the discussion of this grant and instead voting for it with their own majority stake. Nu is the antithesis of the decentralized financial movement.

I wish @jooize would spend more time answering legitimate questions than starting drama by heavily editing the discussion. Go ahead and exert your proclaimed authority over the discussion and you will further prove my point.

[Sabreiib]

And I’m sure the distribution of B&C is probably just as bad by now. I would never entrust my money to B&C. I can see it now, significant funds will be deposited over a period of time and then at the right moment Jordan will cash in by draining all depositor funds to his accounts. It’s a disaster waiting to happen.

Jordan/phoenix and jooizy have negtive reputation on B&C projects, of course that’s probably because they are not using their shares to vote for themselves.

Anyway, Jordan is not a good leader, he even has no courage to use his ID.

What a pity we missing the bull market by choosing nubits/b&c! I will continue to fight for hayek money in the rest of my life.

[Phoenix]

What a pity we missing the bull market by choosing nubits/b&c!

Are you aware that NuShares are up about 1200% since the beginning of the year?

NuShares haven’t missed the bull market, although they were pulled down a great deal in 2016 by the misconduct of several multisig signers.

NuShares have historically done well in Bitcoin bear markets, as Bitcoin owners seek refuge from losses in Bitcoin by converting to stable NuBits. Bitcoin bull markets tend to be short and Bitcoin bear markets tend to be long. We are currently in a mature Bitcoin bull market. No one can predict the future of NuShare pricing, but there is good reason to believe NuShares are in a better position to gain value than most cryptoassets.

As for B&C Exchange, shares remain mostly illiquid at the moment. Since several Nu multisig signers destroyed the B&C funding in June 2016 I have been saying that progress in B&C Exchange would need to wait until Nu was stabilized and growing well. That growth is now well underway with NuBit demand up around 800% and NuShares up around 1200% this year. I have spoken publicly about my support for granting B&C shareholders 237 million NuShares, currently valued at around $400,000. There are some implementation issues to work out, like who will take custody of those 237 million NSR. It won’t be me. I intend to propose a motion on the Nu blockchain that will authorize Liquidity Operations to fund a 237 million NSR transfer to BlockShare holders. BlockShare holders will need to determine who is to have custody of that. I will be recommending that we use a multisig team for Nu that is in the process of formation.

While NuShare volume is very thin and its price is quite volatile, we are quickly reaching a place where it makes sense to begin B&C development and marketing in earnest again. Specific plans for this are being discussed and I expect to say more about this soon.

[jooize]

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[jooize]

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[jooize]

What we know is that Phoenix lost NuShares. It’s from what I see not impossible that he stole them himself, and it is impossible to prove either way for any party. Owner or thief could sign a message with the addresses to prove that they’re one of those. My opinion is that the accusations don’t seem to make enough sense, and the primary accusers have lost their credibility by crying wolf at every opportunity.

1. Someone reported via Phoenix over 200M personal NSR stolen in March 2017.
2. Phoenix lost both personal NSR and 237M NSR belonging to B&C Exchange in April 2017.
3. Phoenix lost 200–300M NSR belonging to Nu in June 2016.

(numbers are approximations)

Other than these incidents, what’s happening on this forum is (minority) shareholders being upset over their lack of power. It is easy to complain, and lazy to harass. I love to complain, especially when I know what I’m talking about, and over time I’ve learned to forward those complaints with reasoned arguments to the people who can implement change. If those people are not interested, I may be upset if I love the thing, and indeed try to argue with them, but in the end it’s not up to me and I’ll have to accept that.

We’re a business and not a public free speech venue. Even such a venue might not be useful for its purpose if everybody were allowed to speak however much and loudly as they wanted.

Tell me what the legitimate questions are.

[Sabreiib]

Glad to see you still try to make Nu successful.

In future, we should find a way which is effective and immune to any suspect, i.e. an effective decentralized governance. If we cannot find it now, it’s because we are not smart enough, it doesn’t mean it is nonexistent！

[lissajous]

Tell me what the legitimate questions are.

Why can’t this shareholder explain what happened to the community themselves?

How do we know @Phoenix isn’t taking advantage of the death or disappearance of another shareholder for his own personal gain?

[lissajous]

@jooize??

[MaVo]

B&C custodians? What's up?

When shareholders speak this way without any other communication into the forum or elsewhere I believe it is clearly a fraud. Will tag the shares which vote for this. If not, then front up and tell who you are and what you want.

@Cybnate?

[Cybnate]

@Cybnate?

Are you looking for obvious answers again? Short answer is we don’t and if no one speaks up we will never know.

[MaVo]

You are inconsistent as hell. You know it, but your financial position does not allow to deviate from the greedy route to the morally correct route. The “shareholder” never showed up here and explained us all the details and why he or she exactly wants to get reimbursed. No proof, no nothing. Are you going to tag everything here as well? Did you vote for this grant? What about @lissajous’ theory? How do we know that there is no crime involved here? Are you proud of being a braindead lemming?

[MaVo]

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

This is just insane, absolutely insane. And you are part of this, @Cybnate. Congrats!