Lacking a proper subforum I decided to place this motion here.

Introduction

The discussion might as well be held at the bitcointalk.org thread, but developing it into a status which can be presented at bitcointalk.org might be preferred.

The reasoning for that includes:

participants in this forum are much more likely used to the incredibly powerful motion feature by having experienced it a t Nu

40% of all available BKS have been distributed to NSR holders which is over 50% of all distributed BKS so far:

42,500 BKS at seed investors

30,000 BKS sold

85,000 BKS distributed to NSR holders

157,500 BKS in total have been distributed of which 85,000 BKS are in the hands of NSR holders and I bet that most of the 42,500 BKS at seed investors and a decent amount of the 30,000 BKS are in the hands of frequent visitors of this forum.

A discussion here instead of at bitcointalk.org might lead faster to better results.

I find it necessary to advertise this motion at some point of time at bitcointalk.org

to show the power of motions

to include non NSR holders and (until then) non discuss.nubits.com visitors to the discussion before the voting starts

I hope that I’m not mistakenly assuming that BCE already supports motions and BKS grants.

Reasoning

Blocks & Chains Decentralized Exchange (below abbreviated BCE) is going to be of ground-breaking importance for exchanging crypto coins, crypto assets, blockchain based corporation shares.

The decentralized nature of it combined with multi signature transactions and native use of foreign blockchains makes it an ingenious piece of technology.

The expected support from Nu by supporting BCE with liquidity in USD equivalent, decentralized, blockchain based tokens (NBT) is limited to BCE and provides BCE with a position that can’t easily copied by competitors trying to create decentralized exchanges.

The potential of BCE is yet not widely understood or there’s not enough belief in BCE’s success.

Approximately 10,000 BKS are still for sale at $4.08, 20,187 BKS at $4.16, 20,187 BKS at $.4.24.

The last weeks showed a lack of interest in buying the remaining BKS.

People might want to wait until they see BCE work, before they want to put (more) money into it.

People who buy BKS late (after BCE is seen to be working) don’t have to shoulder the risk that seed investors or early funders had and still have to shoulder.

The seed investors had to pay roughly 2 NBT/BKS. Their risk was considerably high, because it was unclear whether the funding minimum would be reached.

Second round purchasers that made the minimum funding level complete by paying ~4 NBT/BKS still have a considerably higher risk than “late second round purchasers” who decide to buy once BCE is operational beyond an initial production blockchain.

The price of sold BKS needs to be adjusted accordingly.

4.08 NBT/BKS, 4.16 NBT/BKS or 4.24 NBT/BKS, respectively, doesn’t reflect that risk level appropriately.

When a certain milestone has been reached BKS holders can create BKS by a BKS grant and sell a batch of BKS at a price that is determined by then.

Possible milestones are

e.g. order messages are available at BCE

the first fill has been completed

This could be a viable way to better reflect the different level of risk in the BKS sale price.

It could also prevent the BKS price level from plummeting once BKS reaches exchanges (way before iterations of BCE with the exchange functions are available) as it reduces supply (at a fixed rate!) dramatically.

This leads to a very compact motion (“slightly” edited after @Nagalim’s suggestion and reworked after @tomjoad’s suggestion):

Motion

Motion RIPEMD160 hash: f8bcd3d068a6b35c92902a8d57e0e773e4e35352

=##=##=##=##=##=## Motion hash starts with this line ##=##=##=##=##=##=

This motion confirms BlockShareholders’ desire to cease the sale of undistributed BKS.At 23:59 UTC on the 5th day after this motion passes no new buy offers will be accepted by B&C Exchange.For purposes of accounting, this time will be defined as the time a message is received by B&C Exchange, not when the message was sent.At 23:59 UTC on the 7th day after this motion passes all undistributed BKS that have not been requested for purchase will be burned.At 23:59 UTC on the 14th day after this motion passes all undistributed BKS will be burned, including those that had been reserved for purchase, but no payment was sent.

=##=##=##=##=##=## Motion hash ends with this line ##=##=##=##=##=##=

Verify. Use everything between and including the <motionhash></motionhash> tags.