If elected, I will deposit a BTC equivalent of 20,000 NBT to Exco.in and operate NuBot in dual side mode. Under this proposal, I will let the funds trade between the buy and sell side of the BTC/NBT currency pair for a period of 30 days, starting as soon as possible after the election.
In exchange for this service, I demand the 1 MIL NSR bonus proposed by @JordanLee .
Again, to vote for this proposal configure your client to cast for
Exco.in exchange is just a few days old, and despite the excellent platform and engine, this operation carries its risks.
Note : I have recently been elected for testing the NuBot multiple custodians feature, where I will try to fine-tune the bot to minimise the risk of wall collisions among custodians. This proposal is unrelated.
Unless something radical changes in the next few hours, the grant will pass.
As you might notice from another thread, Exco.in will the first to implement the NBT/BTC pair swapped, so that prices are shown in NBT .
While the API wrappers for Exco.in are ready, we are still working on the swap “logic” required . Should be done during the weekend and ready for testing on monday.
For such a straightforward proposal to have a challenge in crossing 50% seems to be indicative of a challenge – as NuShares expand, perhaps it is expanding to people that have likely less frequent interaction with the community or full understanding of their responsibility.
I’ll reiterate that the concept of having the protocol and client be able to “abstain” from votes, park rates, and motions, while still being able to mint, may be beneficial.
Having the client start up in an abstain mode as the default configuration, with sufficient messaging in the UI, would be a great way to direct new NuShare holders to understand their responsibility.
Data feeds will address the issue of shareholders not paying close attention. The first iteration of data feed functionality (in version 0.5.3) is developed and has passed basic testing. At risk of drifting off topic, I will mention we need people who intend to publish (provide) data feeds to help us test it further. Please contact @CoinGame if interested in providing a data feed. It isn’t something you get paid for, but it does permit you to have more control over the network, which can be meaningful.
Update : Exco.in NuBot integration ready and being tested. During this test period you’ll see small amounts of liquidity info submitted. Everything is under control, will operate the 20k liquidity provider as soon as tests passes.
Important Note :
Excoi.in BTC_NBT market is swapped : NBT is the payment currency and BTC is the order currency. Prices are therefore expressed in NBT. Sell side liquidity is provided through “buy BTC orders” (and vice-versa) . The bot has been updated correctly to report the correct liquidity info.
I am pretty amused on how the Exco.in team rapidly and professionaly responded to all our requests. Their trading engine is very advanced and solid, they have a beautiful UI, proof of reserve, streaming sockets … While this operation is pretty risky given the novelty of their system, I confidently say that the community should definitely give it a try and spread the word
I also hope someone buys my BTC with NBT so I can stop worrying about volatility .
