Why bother when Jordan hasn't shown for days?

Phoenix 2016-07-03 03:05:52 UTC #28

By raising the NuBit price 150% in the last week or raising the NuShare around 40% in the same time? Which do you think is more destructive to the community’s potential, raising the NuBit price or increasing the NuShare price?

ChrisS 2016-07-03 03:05:56 UTC #29

It is a motive. If we are going to argue let it not be over semantics. There are far more valuable items on the list.

Nushares, block shares, peercoin, xpm. That’s it.

How many nushares do you have? How many did you sell doing to buy back? Let facts be submitted to a candid world.

cryptog 2016-07-03 03:44:27 UTC #30

It is clear Jordan Lee has destroyed his reputation over the last weeks mainly because of his very poor communication and social skills.
That is ok.
That is a problem he or she needs to deal with alone.
Even if phoenix is very likely to be Jordan Lee, the individual or the group of individuals behind Jordan Lee cannot use the pseudonym of JordanLee (with all the reputation or the legacy) any more.
I think that is already a lot of of collateral damage.
Since this individual cannot have any development leadership any more, this individual wants to have a liquidity provision leadership.
That is logical.
Good or bad, I do not know.
Shareholders are voting right now although it appears that the voting power s getting centralized.
I hope that this centralization is not permanent.
If phoenix plan passes (very likely) then there will be a dilution of NSRs market cap.
I hope that would distribute shares to new comers and makes Nu get back to a more decentralized distribution.

MaVo 2016-07-03 04:16:20 UTC #31

Jordan, trust me, game over! You might be successful at fucking people like @Sentinelrv or @jooize over a few more times, but a lot of those having a close eye on Nu won’t make further mistakes that help you exploiting the community. I have written off five figures in both Nu and B&C Exchange and the good thing is that I can deal with it. I once thought I share your vision, but it turned out that I misunderstood what you had or still have in mind. You, with all due respect, are a piece of shit that destroyed the community with a few moves and I am 100% sure that you underestimated the consequences. You still put your bet on time healing all wounds, but I promise you that I will put another five figures into making it a hard time for you to make this successful.
Now let’s check my portfolio: Bitshares? No! Tether? No! MakerDAO? No! Nushares and Blockshares and a few others that have no overlap with the target market of Nu. I was proud of being a part of the Nu community and I advertised your specific name, Jordan Lee, throughout the crypto space as being one of the few trustworthy personalities even though you are anonymous. That was dumb. But you know what? You are even more dumb! You couldn’t resist your fucking greed, that was/is/will always be your problem. Thinking about it, it would actually have been quite a great story for an anonymous person or group of people named Jordan Lee to successfully establish a network like Nu, but hey, you certainly failed. If I were you, I would probably try to collect every single nugget from @Sentinelrv and @jooize as long as possible. One thing I wouldn’t do if I were you is talking this ridiculous shit that we all must read over and over again in the last few weeks. It is so stupid to even write that shit over and over again that I would fire a bullet into my own brain if I were you.

backpacker 2016-07-03 04:22:45 UTC #32

But why would anyone invest increasingly bigger amounts to buy shares in a broken distribution, fighting an uphill battle against a man with no honor? Wouldn’t the money and time be better spent elsewhere rather than playing with dao that is obviously not anymore if ever lead by asocial character which shows hardly any respect for alternative opinions or contributors for so many years?

Maybe it is time to make new nu with even distribution of shares and decent business plan?

MaVo 2016-07-03 04:24:19 UTC #33

huh? Can you please specify “anyone”?

backpacker 2016-07-03 04:26:37 UTC #34

@cryptog made a point that situation with uneven share distribution can be improved. I don’t see that as likely in this case, unfortunately.

MaVo 2016-07-03 04:28:19 UTC #35

where did he make that point? Jordan Lee holds a shit load ever since.

backpacker 2016-07-03 04:33:02 UTC #36

Last paragraph

Sentinelrv 2016-07-03 04:51:09 UTC #37

Why do you keep bringing my name up in this way? I haven’t put a single cent into NuShares since the peg was lost and Jordan adopted his alter-ego. I have asked him countless times to show specific examples of how he plans to sustain liquidity provision for the peg long-term without revenue and all I’ve seen from him is a bunch of snarky responses about how it’s stupid to ask about revenue. I admit I didn’t want to think it was possible that he was orchestrating these events in his favor, but his recent behavior makes it seem more likely that this could be true and it makes me uncomfortable putting anymore money into the project. As a result, I’ve started putting my money elsewhere.

cryptog 2016-07-03 05:38:27 UTC #38

Sure. That should be a big option to fork and start from scratch a brand new Nu with a transparent shares distribution but it would not prevent someone from building up a lot of shares and thus power. That is the drawback of PoS.
Right now i do not see a large portion of shareholders (including me) that want to fork but we never know for sure what the future would bring to us.

Sabreiib 2016-07-03 06:35:21 UTC #39

In fact I asked them for the first time about revenue model in 2014 when translating white paper into Chinese, and because of my continuous asking in these years, I become an unpopular man in this community.

To some extend, thanks for this crisis, some people begin to query Nu’s model and even Jordan’s motives.

One good thing is B&C shareholder are voting a new leader: Sigmike, in fact we can rebuild everything on BKC. The most important is, share distribution is not so centralized: Around 40% BKS held in Nushareholders’, and other 50% or so in sole BKS holders’ hands. And the BKC, is a blank paper on which we can draw anything any color on it.

creon 2016-07-03 11:55:52 UTC #40

If 40% are attributed to NSR holders, then JL probably has around 20% of BKS as we know now. Secondly, the initial distribution was done by him based a completely untransparent crowdsale, where he could have made up another 30% of the bids in order to send more BKS to one of his fake identities. This is one reason why nobody will ever trust B&C as you imagine it.

Sabreiib 2016-07-03 12:37:27 UTC #41

Now 85% of last 100 BKS blocks are voting Sigmike as new leader, of course you believe that Jordan also supports this motion.
https://bcblockexplorer.com/motions
I hope Jordan has quite some BKS, at least he will not against B&C project.

mhps 2016-07-03 13:50:40 UTC #42

If the poll is an indication, a fork could win 80% community support. But to win exchange support, the fork needs to have 51% minting power to take over Nubits or issue another coin and have it listed on exchanges.

ChrisS 2016-07-03 14:03:19 UTC #43

A new coin must be created with the highest confidence of the absence of Jordan.

crypto_coiner 2016-07-04 01:26:35 UTC #44

I suggest forking and introducing:

reputed lpcs
reputed contributors
background check

Cybnate 2016-07-04 08:26:05 UTC #45

How would you know?

No anonymous shareholders anymore?

crypto_coiner 2016-07-04 09:03:13 UTC #46

Background check can be done or measure in many ways – one of the following ways

top seed investors must be public
unique ID as contributor verified on the blockchain

Cybnate 2016-07-04 09:13:35 UTC #47

That doesn’t work imo. As long as there are anonymous investors you are still not sure who may hold a majority of shares. Unless you define top seed and uniquely identified as e.g. more than 75% of the total shares available and no unique ID has more than 20% of the shares.