[Voting] Motion to express that shareholders prefer dividends instead of NSR buybacks

[mhps]

I just meant that whenever Peercoins are bought with NuBits and issued as dividends the NuBits are no longer part of the liquidity pool and unless buy side liquidity is adjusted to continue matching these an imbalance of solvency is created which pushes us closer to the definition of a fractional reserve. [/quote]

I think if we only distribute dividends in [the situation I posted][1] (i.e. we made money by selling NBT) there is no problem. We are not buying PPC with NBT.

[quote]If you really think that the tiered dynamic reserve is enough to buy every NuBit back, I would have to disagree,

Ask a random person why he/she would trust a currency to hold value, the answer would be “someone will buy it back at face value”.
[1]: [Voting] Motion to express that shareholders prefer dividends instead of NSR buybacks

[cryptog]

No, and I am not even claiming insider trading is the main issue here per se.

Got it.

[GreatScott]

@Phoenix, you weren’t around when this motion was proposed. Perhaps you should read through the discussion. I’d appreciate your comments.