Quick Update On The Community Vote And NetworkHi everyone! Just a very quick Monday update from the team.
It’s been a busy few weeks with the team involved in lots of planning/strategy sessions – but we’ve noticed some confusion around the community vote & a few other items, so we thought we’d give you a quick update.
Update on the community vote:
- The vote was originally set to last for 4 weeks, which is why it will show the vote as ‘ended’ in your wallet. However, the votes are still being counted on the network.We will extend the voting period for another 8 weeks.
We will be updating the Community Fund Vote page to reflect this, but do realise that there may be some confusion because the wallet will continue to say that they vote has ended. This will be addressed in the next wallet
update.
- Part of the reason why we are extending the vote is that we’ve just had another 1.5 million coins update to the latest wallet version and are voting yes. With over 73% of blocks voting yes in the last 1000 blocks we are
getting VERY close to our target, and without needing to change the rules of the vote.
- We have been very hesitant about changing the rules of the vote mid-way through the voting period. There was lots of support from the community about excluding old wallets from the vote – but because this rule wasn’t
outlined before the vote, it walks a fine line between ‘doing what the community wants’ versus ‘changing the rules to get what we want’. We want this vote to be seen as fair, and without intervention – hence our hesitation
around changing the rules.
- So TL/DR:
The Community Vote is being extended for another 8 weeks
We are very close to getting the 75% required (73.8% in last 1000 blocks).
https://navcoin.org/news/quick-update-on-the-community-vote-and-network/?utm_content=buffer2f5d1&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer Thank you for the update. Everything will work its way out.
I would like to put some thought into getting a NAV-USDT market for many of us who have way too much in USDT now and would like to move more into NAV. I personally do not
have full confidence in tether, but have been able to use this market to sell much higher than btc prices for other coins. Having a Nav option would only help add to the overall volume
invested in Nav. So many times in the past it was easy to help move Nav prices in btc, but the buy order books are too low. Trading in Nav-USDT may not be a big market for now, but having
so much money in tether is an uneasy feeling.
Any other opinions are welcome for sure. For me it would help out and the amount of money in the USDT market has grown tremendously due to the early bitcoin buyers taking out small
amounts of their profits while prices are high, but looking for other options to invest in with limited options.