Post
Topic
Board Securities
Re: [BTC-TC] Deprived Mining Speculation (DMS)
by
Lohoris
on 08/09/2013, 13:14:49 UTC
The motion to allow investment in CIPHERMINE bonds didn't receive enough votes for an outcome to be determined (although a clear majority of those voted went for YES it needs to break the 50% mark to be a valid result).  Basically there wasn't a valid quorum.

I've put the motion up again for slightly longer this time - but if the majority of investors aren't around then obviously it'll not receive sufficient votes again.  In which case at least I know not to spend time trying to find investment opportunities (suitable investments are generally not going to available at face price for too long - so leaving a motion up for weeks isn't a viable option).
I'm sorry, I know how much it is frustrating when something like that happens :/

How about lowering the quorum?
I mean, lowering it a lot, like 15% instead of 50%.

Furthermore a quorum of 50% is plain wrong, since it splits the "no" votes in "plain no" + "didn't vote", so that if you want to say "no", you have to game the system and try to guess if it's better not to vote or to vote "no".