Thoughts about @Phoenix

[MaVo]

really… [quote=“jooize, post:18, topic:4281”]
but I didn’t notice any scam accusations until now beyond the occasional “Ponzi
[/quote]

… And I 100% believe you!

[dysconnect]

B&C had a somewhat suspicious group of “seed investors” but it was arguably required to get the project funding going. Assuming we can do the accounting (e.g. ask core devs to report their income) at least the money was put in B&C. Also don’t remember Jordan surrendered all his BTC to FLOT. For his level of anonymity he did not have to play games to run away with the money.

Now my major concern is that he isn’t doing anything for B&C, and he might be holding an alarming amount of BKS. Has he abandoned the project? While I’m perfectly fine that sigmike takes his place, he might be holding as much as 40k BKS. If Jordan doesn’t explain his plans then extreme measures will be banning some BKS to reduce the exposure to the risk of Jordan’s defection.

[Sentinelrv]

If Jordan doesn’t explain his plans then extreme measures will be banning some BKS to reduce the exposure to the risk of Jordan’s defection.

How do you see this working? How would you go about banning BKS that might be his?

[crypto_coiner]

@MaVo & @ChrisS
Guys, be smart and do something that beats the situation like:

• create a fork
• write some motions and generate a general consensus around them
• fire @Phoenix

Crying over your investment will not get back your money – there is no legal recourse, because face it, yes @JordanLee is overtaking the network but that’s perfectly legit from the blockchain standpoint and from that point of view, he is (the) smart(est).

Looking forward to your proposals

[crypto_coiner]

I don’t see how it would make sense for an entity who’s invested that much to run Nu into the ground. I think they believe in the model most of us subscribed to but didn’t fully execute.

Insider trading exist to take over a company or organization –
Can we ask and interview @Phoenix ?

It’s the one I think has most potential at this time. If there is a new business model figured out and presented with the level of detail suggested necessary, it should always be profitable enough to switch to or build from anyway.

The model is interesting and the reason we have failed is still not determined, imho –
It is a way to re-run the experiment with the same model, tuning some parameters.

Regardless, Nu’s governance model was never a secret, and what is happening is that shareholders seem to be in favor of @Phoenix’s proposals

Not core discuss members.
That would be great to have a real distribution of who owns what. Any idea?

I think someone who presents motions and recommendations at the level @Phoenix does probably believe in the project long term.

That could be arguable the case –
But more than that, we dont have any other member that has presented motions with the same richness and clarity.
From that standpoint, @Phoenix is the one that knows best the motion system by far, I believe.

That the 20 M NSR are intended to take over the network is paranoia to me. If we can’t see on the blockchain whether that is happening, have him send the whole balance back to the same address every week to prevent minting.

Which 20MNSR are we talking about?

[jooize]

Which 20MNSR are we talking about?

[Passed] Grant NSR to Phoenix for liquidity operations

This custodial grant is being managed on Daology. Custodial grant address: SUrJhmYVeNThoG6oFWjY9pMawRJ3iCTHCq Custodial grant amount: 20,000,000

[crypto_coiner]

BTW, on https://poloniex.com/exchange#btc_nsr
SELL ORDERS total: 35467518.46953197 NSR

Where do these 35MNSR come from?

[jooize]

All I know is this:

• Nu has ~7 M NSR on the orderbook.
• 15 M NSR are at over 300 satoshi which price hasn’t been at since June 2.
• 13 M NSR.

[crypto_coiner]

Nu has ~7 M NSR on the orderbook.

For which purpose and regulated by which motion?

15 M NSR are at over 300 satoshi which price hasn’t been at since June 2.
13 M NSR.

Not Nu ownership? whose ownership?

[cryptog]

He destroyed a huge investment and sits on 100s of Bitcoins since his attack.

Any proof?

In any case, I urge shareholders to stop complaining and act (including me).

In any case, we ll know if @Phoenix is a scammer or not by looking at what he does with the 20m NSRs.

[jooize]

For which purpose and regulated by which motion?

Raising funds for liquidity provision.

• [Passed] NSR sale and NBT burn
• [Passed] Standard and Core

The Standard was calculated and FLOT NSR sent the equivalent value in NuShares to me who put them up for sale at Poloniex.

whose ownership?

Unknown traders.

[crypto_coiner]

The Standard was calculated and FLOT NSR sent the equivalent value in NuShares to me who put them up for sale at Poloniex.

Sounds good – now, is it to burn NBTs (reduce the sell side) or replenish the buy side in BTCs?

[jooize]

• Exchange sales of NuShares at Poloniex are for Bitcoins, which are intended for buying US-NBT. When and how rapidly these Bitcoins should be traded for US-NBT I haven’t learned yet.
• Auction sales of NuShares are for US-NBT, which are burned.

[mhps]

@Phoenix wants to execute the model most of us believed in,

Who are “us” ? I don’'t see most community members supporting.

[jooize]

My perception is that most community members did support the overall model until the crisis. Do you think differently?

[mhps]

My perception is that most community members did support the overall model until the crisis. Do you think differently?

Most if not all community member didn’t know the version described by @Phoenix before the crisis. Now the model is explained but the river has changed. Two main issues are recognized after crisis by the community’s: credible revenue and credibility of @JordanLee / @Phoenix.

[creon]

@jooize not sure if you believe what you write or are part of the whole thing (I don’t think so). You really should look more into the technical details of this technology and I am actually convinced that you will understand it.

20M is 2% of the supply, but roughly 15% of the staking weight. If you look at the voting then you cannot possibly imagine that this is a decentralized election. Then look at the NSR price, which got poorly pumped (not even professionally) a couple of days ago where JL took credit for several times.

You are being betrayed and @jooize, you are currently the executor. You have the real id account at Poloniex, and you follow blindly whatever JL says. Just that you know: What he did is illegal and consequences will follow, and you are right now his partner.

Looking forward to your proposals

But not on your blockchain.

[Cybnate]

20M is 2% of the supply, but roughly 15% of the staking weight

Not with the current difficulty. I still have quite a few shares and not making a dent with the voting for my own proposal.

[crypto_coiner]

What he did is illegal and consequences will follow

illegal in what sense?
Please elaborate the illegality of the deeds –

But not on your blockchain.

OK – let us try on ethereum + smart contracts –
this will cost much less and I have already a fair amount of followers on which we could pump the token.

[cryptog]

Not with the current difficulty.

What would be your estimate?