This operation is based on a grant.
Iām on the fence whether FLOT should have the discretion to terminate or at least pause it.
On the one hand this might be an advantage of having FLOT, being more agile than motions and grants - after all the question whether to withdraw funds is related to liquidity.
On the other hand it can be questioned whether FLOT is acting in the best interest of the shareholders halting this operation.
I recommend to act first (ask huafei to withdraw the funds until thereās more information) and discuss later, or make a motion to determine the will of the shareholders.
Nu funds are at stake!
Iām on the fence with this, I feel exposure to Chinese markets are a good thing for Nu but Iām not very fond of Bter their site feels outdated and shaky. I donāt feel comfortable trading personal funds on their exchange and quite frankly am glad we stopped doing NSR buybacks on them. But maybe Iām overzealous and spoiled by using āfancierā exchanges with better UIās.
I have no problem with the look and feel, but Iām worried about the funds there.
Bter already owes Nu some money since February 2015. Iām on mobile and donāt want to dig for that information.
I donāt want to add two more grand to itā¦
But it looks like itās only a DNS issue, which does limit the users to those with chinese DNS.
Iād still like to continue the discussion amongst FLOT members how to treat such a situation.
It might be worthwhile to have this discussion split from this thread - to keep this thread free from it and to prevent burying it here.
Please visit that other thread, which Iāve linked
I hope ronny starts moving and even more important: paying (the rest of the debt).
I have an idea how to provide him with an incentive if getting the debt paid isnāt enough.
That idea might require some work, but could once more show that a DAO has a lot of features of a corporation after all
Youād think a public business like CCEDK 100% reliant on customers (traders) would have incentive enough to keep their reputation the utmost cleanest as possible. Not paying your (long overdue) debts wouldnāt be very good publicity Iād imagine.
I donāt see that reason either, after it started looking like related to DNS only.
But what should we (FLOT, the LP) do, if it werenāt only related to DNS?
I donāt have slinging mud in mind when I speak about an incentive for ronny to pay the debts back