I think your questions need to be answered first.
And I think we can learn from @JordanLee here.
He provided the NSR holders with an incentive to fill this role by requesting a compensation for that.
I consider this very fair. It’s a responsibility and might afford some effort to fulfill this role.
If the scope of the role isn’t even clear, I need to provide an incentive to make this role more clear by adjusting my (potential) commitment.
I’m willing to fulfill the role of being a member in the buy side custodian group for 100,000 NSR per month if
- no additional information that define the role of a buy side custodian and
- a “how to fulfill the role” as well as
- a tool set to transfer funds from the multi signature address to a destination address conveniently and reliably
is included in the motion on which the buy-side custodianship will be based on.
This value is intentionally high, because it should serve as incentive to work on such a motion and define the role.
Comparing it with @JordanLee’s offer for the first month of his custodianship in case no buy side custodians replace his/her role:
As the buy-side custodians would not only be responsible for the $80,000 in tier 4, but for up to 40M NSR as well (tier 6), this makes a total amount of give or take $150,000 (depending on the NSR amount and value).
0.5% of $80,000 equals to $400.
If the 0.5% apply to the tier 6 as well, this is another $350, totaling to $750.
So in the first month (November) it would be even more expensive to transfer the control to 7 buy side custodians if each of them charged 100,000 NSR (approx. $200).
In the second month this model could already be cheaper than @JordanLee’s offer (if the 0.5% apply to tier 6 as well…).
It doesn’t need to be that expensive!
But for that some rules need to be defined.
In addition to what @mhps already requested, I’d like to know whether it’s possible to define a destination address to send the funds to in advance - in order to prepare a script for the multi signature transaction.
I’m not always close to a computer to do that from there.
I might need to remote login to one of my machines to do my part of a multi signature transaction (btw. - something I’ve never done before!). I wouldn’t like to anything but execute a prepared a script in that case.
The custodians might be in different time zones. How time critical is transferring value from a multi signature address? Is it possible that the first people start with their part and some others do their part hours later?
Can it even work this way?
I’d like to put a test in which a test transfer of a small amount to verify the process is working on the list of things that need to be done.