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UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!  
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Author Topic: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!  (Read 16677 times)

cobaltskky

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NXT escrow peoples for AE SuperNET NXT

I think it makes sense to have community members escrow the SuperNET NXT. I am ok with holding some few millions, but it is already getting close to 20 million and I want to distribute this across N trustees.

The trustees need to safekeep the NXT and disburse it when an authorization post is made in the official BTT thread for SuperNET. So, this requires following the SuperNET thread and posting that you will send the payment and then receiving a confirmation that you are the selected trustee to make the payment. Dont want to be making double payments!

I do not expect that such disbursements will be a frequent thing. Maybe there will be monthly votings for special expenditures, maybe less frequent, hard to tell. The NXTventure fundings would be on a case by case basis. In any case with N trustees and only needing one to be able to handle it, we might even get a pretty fast response time.

I would like nominations for people and then we can have some sort of ratification of the N trustees. We can keep this informal, so maybe people would post their nominee (including themselves) and then the nominated could post acceptance of responsibilities. As long as there are no screamings then they are added to the list of trustees.

James

Putting this here so we can discuss outside the current SuperNET thread in General Discussions. :)
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cobaltskky

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #1 on: September 07, 2014, 02:07:12 pm »

I nominate:

VanBreuk
Damelon
Dom P
Jef Diesel

They have shown a vested interest in the success of the community.  They are trustworthy individuals who would have more to lose than to gain by betraying our trust.  I have had many conversations with Jef, and I can vouch for his character. :)
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TwinWinNerD

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #2 on: September 07, 2014, 02:20:28 pm »

I could escrow 1-2 million NXT.

EvilDave

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #3 on: September 07, 2014, 02:34:05 pm »

I'll follow Twins lead here, I'd be happy to hold a couple of million.
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mess

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #4 on: September 07, 2014, 03:37:52 pm »

I nominate you cobaltskky :). Even though I don't know you, you seem to be a trustworthy person.
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cobaltskky

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #5 on: September 07, 2014, 03:41:59 pm »

I nominate you cobaltskky :). Even though I don't know you, you seem to be a trustworthy person.

Thank you - I appreciate the vote of confidence! :)

I would be willing to assist in this. :)
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valarmg

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #6 on: September 07, 2014, 04:20:52 pm »

I propose waiting until multisig solutions are available.
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cobaltskky

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #7 on: September 07, 2014, 04:22:11 pm »

I propose waiting until multisig solutions are available.

Valar, I'm beginning to think that you have a special place in your heart for multisig. ;)
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valarmg

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #8 on: September 07, 2014, 04:43:11 pm »

I propose waiting until multisig solutions are available.

Valar, I'm beginning to think that you have a special place in your heart for multisig. ;)

Yep, I love multisig. I have trust issues.

If 20 people are chosen as escrows, then all 20 people have to be trusted. All it takes is one bad actor and the supernet has lost a large amount of Nxt and lots of trust. I prefer to trust one person in jl777 than trust 20 people.

With multisig, all those problems disappear. Did I mention I love multisig?
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Come-from-Beyond

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #9 on: September 07, 2014, 05:03:52 pm »

Send'em to the genesis!
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jefdiesel

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #10 on: September 07, 2014, 05:13:55 pm »

Send'em to the genesis!

Send the nominated people? or the NXT?
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Dunster

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #11 on: September 07, 2014, 05:16:44 pm »

I nominate BCNext.
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Come-from-Beyond

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #12 on: September 07, 2014, 05:24:23 pm »

Send the nominated people? or the NXT?

Both  :D
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theironman

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #13 on: September 07, 2014, 05:34:07 pm »

I nominate you cobaltskky :). Even though I don't know you, you seem to be a trustworthy person.

Thank you - I appreciate the vote of confidence! :)

I would be willing to assist in this. :)

I nominate cobaltskky too and also I am willing to hold a few million NXT.

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Dunster

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #14 on: September 07, 2014, 05:38:08 pm »

If 20 people are chosen as escrows, then all 20 people have to be trusted. All it takes is one bad actor and the supernet has lost a large amount of Nxt and lots of trust. I prefer to trust one person in jl777 than trust 20 people.

This analysis is interesting because if a single Trustee Participant can break SuperNET™ then it makes no sense to increase the probability of this occurring. According to the lore about BCNext:

Quote
Nxt is just a work-around. It was launched to win more time, and to conduct an experiment that was supposed to show if society is ready for BCNext's main project. He thinks that society can't be completely decentralized, and Nxt will help to measure the level of decentralization after which a society can't function as a whole. Bitcoin relies only on math, but math can't solve problems arising because of the illogical nature of the man. Mining in Nxt relies on the cooperation of people, and even forces it. Without cooperation, Nxt becomes weak and can be easily attacked. It's like a system in unstable equilibrium. If people stop caring about cooperation, Nxt will fail very quickly.

Thus SuperNET™, is a continuation of the Nxt experiment of how people can cooperate.
« Last Edit: September 07, 2014, 05:41:57 pm by Dunster »
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Come-from-Beyond

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #15 on: September 07, 2014, 05:39:50 pm »

Thus SuperNET™, is a continuation of the Nxt experiment of how people can cooperate.

...And jl777 is BCNext. Finally!
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jefdiesel

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #16 on: September 07, 2014, 05:44:02 pm »

The end.
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qbd1313

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #17 on: September 07, 2014, 05:47:13 pm »

anon136 and CFB and Jean-Luc,and bter(I mean lin)

I don't think anyone would disagree
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gs02xzz

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #18 on: September 07, 2014, 05:49:06 pm »

For this large amount of Nxt, only known whales who have more Nxt than whatever he will escrow for can do it. For everyone else, it will only ruin either SuperNet or the persons. Be realistic, guys!
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jl777

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Re: UNITY (aka SuperNET) Escrow Account Holders - Call For Nominations!
« Reply #19 on: September 07, 2014, 05:54:26 pm »

Thus SuperNET™, is a continuation of the Nxt experiment of how people can cooperate.

...And jl777 is BCNext. Finally!
OK, you finally figured it out. I am indeed BCNext

James
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