The State of Period 1 Dividend Payments

[seki]

Another good about bter is that it gives daily interest in some coins. BTC and PPC are amongst them.
Thus if you plan to have those coins for some days in the exchange then BTER can give something extra
for example if i have 45 BTC in bter i get 0.002 BTC/day

[masterOfDisaster]

[…]daily interest in some coins[…]

I doubt that this can outweigh the risk of holding substantial amounts of BTC or PPC at an exchange…

[seki]

Yes, it is a risk. but it is the same risk as long as you have the coin amount there trying to exchange it. if it takes a day then it is not useful, but if it takes more than a day then it is a little bit interesting

[Yurizhai]

So are we to put it to a motion vote then?

[Yurizhai]

Does anyone know the status on this then? Most people seemed keen on option 1, but we never made it official via a motion vote. Are we going with option 2 then?

I know there is work behind the scenes to get the live custodian feed up for shareholders, I am just curious as no one has said anything in a few days.

[Cybnate]

Bit late to this thread, but for what it is worth option 1 (trial run) is my choice.

[Sabreiib]

I don’t need dividend at all, Kiara. Thanks for your hard work in this early days, I am just satisfied with the price of NSR, and that’s all.

Furthermore, I totally lose interest of Peercoin and disinclined to export/import private key of PPC address.

[Yurizhai]

As I understand it anyone holding NSR gets the dividend, Kiara does not choose.

If you don’t want the PPC, just sell it for something else.

[Ben]

As I understand it anyone holding NSR gets the dividend, Kiara does not choose.

Correct. The dividend distribution is sent to all shareholders who meet the minimum holding critiera (which escapes me right now, but it’s only holders who would receive less than the transaction fee in PPC) at the time that it is sent out.

Unrelated; I just messaged with @KTm to let her know about the critical update to Nu 0.5.1. I asked her if she’d have an follow-up about the dividend course of action. She said that some non-Nu items got in the way and made it difficult for her to get the time to draft the motions, but that she’d try to get it done in the morning

(I think I woke her up, so I expect that means in a couple of hours, depending on what her morning looks like).

[Sabreiib]

Dividend is small, NSR price is big.

I prefer our custodians keep as more fund as possible to provide buy wall. In future we if make enough profit by charging transaction fee or Nubitmessage service, dividend is welcomed.

[RobertLloyd]

I won’t be voting, but I agree with Sabreiib that the buying wall is paramount

[kschneezy]

I believe I read something previously that the dividend payments will go to all NuShares in existence whether distributed or undistributed. This is a matter of interest to me because I am still in the process of trying to secure undistributed NuShares from Jordan Lee. I am looking for clarification on this matter.

If the dividends are supposed to be paid to the undistributed NuShares how will the shareholders receive these peercoins in the future? Will it in some way come with a purchase of undistributed NuShares or will the peercoins be pegged to nubits at the time of distribution to reduce volatility?

[Yurizhai]

Dividends will be paid to undistributed NuShares just like other NuShares. These Peercoins will be used for development similar to the proceeds of NuShare sales.

From:

Undistributed NuShares

[cryptog]

Though undistributed NuShares minted blocks to bootstrap the network, they will never again be used for minting or voting.

Something I still do not get clearly.
The undistributed nushares correspond to shares that have not been distributed yet.
The voting power of those undistributed nushares was used at the beginning and has been frozen since then till they are distributed, that is, till someone purchases them.
Is that correct?

[Ben]

You understand it correctly.

[cryptog]

OK tks confirming.

[Chronos]

I asked her if she’d have an follow-up about the dividend course of action. She said that some non-Nu items got in the way and made it difficult for her to get the time to draft the motions, but that she’d try to get it done in the morning.

Looking forward to an update here. This delay is not good for the public image of Nu.

[tomjoad]

I agree with @Chronos. The market punished the price of NuShares because an announced dividend did not occur. At one point yesterday NuShares were the only top-25 crypto with a negative (double-digit) price change.

Complications sometimes occur, but to go a week without a further post from @KTm is troubling. Better communication is needed.

[Sentinelrv]

Agreed. Even if it’s bad news or no news, an update post is at least something people can latch onto. No update at all will lead people to make up their own reasons and start rumors. Reputation problems will then follow.

[pennybreaker]

Hey everyone,

I can’t speak directly for Kiara, but what I can tell you is that the final pieces of her live reporting tool are being finalized and tested. I believe she feels like this is a necessary piece to have in place before communicating the specifics of the period 1 dividend. Once this is done, her forum updates won’t even be necessary because you will all be able to visit a simple website for updates.

Please rest assured that we are in constant contact with her and working as quickly as possible to iron out all the details.

pb