BUIP127: (closed) Partially re-weight funds, 50% BTC to BCH
- Thread starter jtoomim
- Start date
voted against cause I rather prefer something like 25% conversion. other than that we have already authorized a conversion of 150 BTC with BUIP72 (https://bitco.in/forum/threads/buip072-partially-re-weight-bus-funds-towards-bch.5372/), of which we have converted 25 BTC to BCH. So even without BUIP127 we could convert 125 BTC any moment we want to.
I agree with sickpig here, so am voting no. Regardless of the outcome, I'm going to take this BUIP and the discussion around it as an indication of the membership's desire to get BUIP072 done.
If you voted no but really mean "yes but use a different % or do BUIP072 instead" please write a comment here so we can get a sense of the actual membership preference.
If you voted no but really mean "yes but use a different % or do BUIP072 instead" please write a comment here so we can get a sense of the actual membership preference.
I too agree with @sickpig and voted no.
Firstly, there is 125 BTC that is already authorized for swapping to BCH, that we intend to execute once we have legal clarity on the issue.
Secondly, 50% is too much. I would vote in favour of ~25%, however. That would put BU in a position where it holds approximately 8 BCH for every 1 BTC. If BCH is successful, BU will have dramatically improved its financial situation. If BCH fails, only 1/4 of BU's funds would be lost.
Firstly, there is 125 BTC that is already authorized for swapping to BCH, that we intend to execute once we have legal clarity on the issue.
Secondly, 50% is too much. I would vote in favour of ~25%, however. That would put BU in a position where it holds approximately 8 BCH for every 1 BTC. If BCH is successful, BU will have dramatically improved its financial situation. If BCH fails, only 1/4 of BU's funds would be lost.
