I am a signing member of FSRT. The 4 million in funds at BhCnQrYrA5LZm871dtMQEXeU93gmqbhdrC require 2 of 3 signatures. I am ready and willing to sign transactions to bring NBT to market in a manner that places proceeds in tier 4 buy side funds eligible for share buyback.
The 2nd and 3rd of November was when I last received a communication from the other signers. Each indicated they were ready to sign transactions at that time. We discussed the risks of using a 4 million NBT output to send funds to other parties. To mitigate the risk of accidentally sending too much to the recipient, we agreed we should make three additional multisig addresses that we would use to hold much smaller quantities of funds, which would in turn be used to make transfers to buyers. A day ago I sent three public keys to the other 2 signers for the purpose of creating these three multisig addresses. I have sent several messages to the other signers over the last 10 days but have received no replies.
I suspect we will be able to sign transactions soon, but the question is what shall we sign? I will sign the burn mandated by motion within 13 days, but prior to that, what do shareholders suggest we do with funds?
My own opinion is that 3 million ought to burned immediately, with most of the rest left for 10 to 13 days to handle the current surge in NuBit demand. It should be sold as needed to NuLagoon. Because our response time has been quite poor, 100,000 NBT should be transferred to a standard single signer address and be used as a backup if we do not respond quickly. I’m not sure who should handle those funds. Shareholders probably prefer @JordanLee, so perhaps he should comment on that. I am open to comment on how to proceed when I can get another signer to cooperate.
I understand FSRT has not been a success and that we ought to wind down operations in the coming weeks.