I think until we get some system to prevent evil actors to submit liquidity info, it must be counted into risks.
Fair point.
Would be great to have such a system as it would allow anonymous custodians at least from a shareholders’ perspective. This would make it easier for custodians to enter the system.
Something should be possible with the use of the keys to control the custodial address, but I’m sure you have already figured out something similar or better. Just a matter of time I guess.
According to the votes, I think more action should be taken to convince shareholders to vote on me.
I am planning to publish my NSR addresses and prove their balance over 8 million and they are owned by me.
I am just not sure if that is enough to let more than half shareholders support on me. Or even as a 8M NSR shareholder, I still can not be trusted to be a LPC who will serve first paid later. If so, I’d better give up right away.
Any suggestions? thanks.
Hello, everyone.
Thanks to the shareholders’ support, my vote increased significantly this week (3,055 (30.55%) now).
I treat my proposal and shareholders’ support seriously. I am expecting to be the LPC very much.
I can afford the risk to be a LPC, such as dongshan mentioned:
Nubot will support multiple LCP serve one trading pair soon. So there is plenty need for LPC service.
So, please vote:
B5viA2YWcoLBvT8TWJywasQyAT9xkwhmWc, 1
Thank you so much.
@henry will receive payment only after he renders services, so there is low risk to electing him as an LPC. I support this vote.
3 Likes
i agrre with Chronos, risk is minimum. voted 
I neglected to voice public support, but yes I am voting for this proposal.
Tks @henry for your proposal.
The only risk as it was pointed out by JL is that the fraudulent LPC would broadcast possibly fraudulent liquidity information for 6m.
I trust JL he knows well Nu and I am voting for this LPC proposal.
The more liquidity Nu has the better it is.
The reward is higher than the risk, I feel.
Congrats, the proposal passed a few hours ago.
1 Like
The grant passed @ 22 Dec 2014 23:42
I will start operations as soon as the exchange and nubot is ready.
Update 09 Jan: I created my custodian account on Poloniex. I am running the Nubot v 0.1.4a with a small size of fund now.
I am going to start the LPC operation in a few days, with 10k in buy side and 10k in sell side.
??: Strategy - Submit order : SELL 50.0 nbt @ 0.00349492 btc
Jan 09, 2015 12:58:33 PM com.nubits.nubot.tasks.StrategySecondaryPegTask initOrders
??: Strategy - Submit order : SELL 50.0 nbt @ 0.00349492 btc
Jan 09, 2015 12:58:39 PM com.nubits.nubot.tasks.StrategySecondaryPegTask initOrders
Update 12 Jan: I have tried several configurations and played Nubot for a few days. It is quite stable. Here is the trade history:
Date Market Type Price Amount Total Fee Base Total Less Fee Quote Total Less Fee
1/11/2015 20:58 NBT/BTC Sell 0.00374656 16.30279058 0.06107938 0.20% 0.06095722 -16.30279058
1/11/2015 20:58 NBT/BTC Sell 0.00374656 16.30279058 0.06107938 0.20% 0.06095722 -16.30279058
1/11/2015 20:57 NBT/BTC Sell 0.00373707 32.60558116 0.12184933 0.20% 0.12160564 -32.60558116
1/11/2015 19:35 NBT/BTC Buy 0.00372034 3.9172259 0.01457341 0.20% -0.01457341 3.90939145
1/11/2015 19:35 NBT/BTC Buy 0.00372034 3.9172259 0.01457341 0.20% -0.01457341 3.90939145
1/11/2015 19:21 NBT/BTC Buy 0.00371341 0.06852845 0.00025447 0.20% -0.00025447 0.06839139
1/11/2015 19:20 NBT/BTC Buy 0.00371341 2.75375228 0.01022581 0.20% -0.01022581 2.74824478
1/11/2015 19:19 NBT/BTC Buy 0.00371341 6.44534702 0.02393421 0.20% -0.02393421 6.43245633
1/11/2015 19:19 NBT/BTC Buy 0.00371341 6.44534702 0.02393421 0.20% -0.02393421 6.43245633
1/11/2015 19:18 NBT/BTC Buy 0.00371341 6.44534702 0.02393421 0.20% -0.02393421 6.43245633
1/11/2015 19:18 NBT/BTC Buy 0.00371341 6.44534702 0.02393421 0.20% -0.02393421 6.43245633
1/11/2015 16:02 NBT/BTC Buy 0.00367352 0.02812224 0.0001033 0.20% -0.0001033 0.028066
1/11/2015 16:02 NBT/BTC Buy 0.00367351 0.02812224 0.0001033 0.20% -0.0001033 0.028066
1/11/2015 7:58 NBT/BTC Sell 0.00362853 8.06767038 0.02927378 0.20% 0.02921524 -8.06767038
1/11/2015 7:58 NBT/BTC Sell 0.00362853 36.85745632 0.13373838 0.20% 0.13347091 -36.85745632
1/11/2015 6:34 NBT/BTC Buy 0.00360021 1.8675843 0.00672369 0.20% -0.00672369 1.86384913
1/11/2015 2:52 NBT/BTC Sell 0.00358093 5 0.01790465 0.20% 0.01786884 -5
1/10/2015 23:42 NBT/BTC Sell 0.00362985 15 0.05444775 0.20% 0.05433885 -15
1/10/2015 18:32 NBT/BTC Buy 0.00357285 0.03 0.00010718 0.20% -0.00010718 0.02994
1/10/2015 18:32 NBT/BTC Buy 0.00357285 3.1 0.01107583 0.20% -0.01107583 3.0938
1/10/2015 15:11 NBT/BTC Sell 0.00358428 0.0281786 0.00010099 0.20% 0.0001008 -0.0281786
1/10/2015 14:53 NBT/BTC Sell 0.00361064 5 0.0180532 0.20% 0.01801709 -5
1/10/2015 14:18 NBT/BTC Sell 0.0036267 5 0.0181335 0.20% 0.01809723 -5
1/10/2015 1:07 NBT/BTC Buy 0.00346797 1.12767229 0.00391073 0.20% -0.00391073 1.12541695
1/10/2015 1:07 NBT/BTC Buy 0.00346797 0.60264278 0.00208994 0.20% -0.00208994 0.60143749
1/10/2015 1:07 NBT/BTC Buy 0.00346797 1.73031507 0.00600068 0.20% -0.00600068 1.72685444
1/9/2015 23:14 NBT/BTC Sell 0.00345412 1.89819983 0.0065566 0.20% 0.0065435 -1.89819983
1/9/2015 23:14 NBT/BTC Sell 0.00345412 2.80000695 0.00967156 0.20% 0.00965222 -2.80000695
and liquidityinfo
"B5viA2YWcoLBvT8TWJywasQyAT9xkwhmWc" : {
“buy” : 98.0069,
“sell” : 0.0
},
I will start operation soon.
Update 15 Jan: I need some more time to prepare the full size fund. The operation will begin in 12 days. I am committed to my proposal. Thank you for understanding.
Update 24 Jan: I will begin LPC operation on Poloniex in about 1 day. Thanks.
Operation started on Poloniex
**
The LPC operation just started ( 24 Jan 2015, 15:00 GMT ) and will run for 30 days.
My open orders:
Liquidityinfo :
“B5viA2YWcoLBvT8TWJywasQyAT9xkwhmWc” : {
“buy” : 10267.3183,
“sell” : 9999.9647
},
6 Likes
Henry,
What is your plan moving forward? I haven’t seen your bot online recently.
pb
I am sorry. I didn’t respond to you earlier. I am out of the town in last two weeks.
I just came back and checked My Nubot’ log files and found it is running all the time. But at the time span between Feb 15,2015 23:58 and Feb 21,2015 09:45. I doesn’t function right. It kept sending Liquidity Info : 0.68077141 0.0 {“submitted”:true}
I don’t know why. Maybe I can provide the log file in my VPS to help the analysis.
I will extend my operation for 6 days, and end it at 01 March 2015, 15:00 GMT.
Regarding my plan, I will participate the NSR auction held by Jordan LEE. I am also considering participate the liquidity pool operated by KTM or jamiller, or try to run my own liquidity pool in future.
Maybe you should consider reimbursing shareholders the fee you charge for this long period when the bot failed because you didn’t tend it?
1 Like
==
Perhaps shareholders ought to discuss how to handle MIA custodians. Personally, at 6 days (20% of the proposal) I would consider it nullified. BTER was hacked on the 15th so this is a big coincidence, we are to believe.
I think best practice for custodians who wish to modify their proposals is to propose a motion with the new terms and I think @henry ought to be forced to do the same.
I think the above is fair enough.
I am sorry to what happened in Bter and excoin. I am also scared and worried about the safety of my fund very much.
I am also sorry to let you feel I was MIA, But, I never withdrew any funds, and they stay at Poloniex all the time. In fact, I couldn’t provide much buy support during the crisis.
Because at 15th Feb, most of my fund was on sell side already, only about 3k left in buy side. those buy side fund was immediately consumed when the Nubot recovered again at 21st Feb.
Thank you for your understanding, cryptog.