RE: Closing down SPEW - here is how it looks...

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ONLY ONE OBJECTION:

and it's strictly from a legal standpoint, Personally I like the above plan...

Check and see if there are any legal hangups for converting to USD on 2 separate basis.

  1. ETH and LEO were input, LEO Mooned and ETH collapsed.
    ....a: making the SPINVEST investors WHOLE is a great idea, but is it kosher?
    Do we need a vote from the LEO Poolees?
    ....b. Is using the "USD" strictly a point of reference, I know that in the USA there are
    various tax liabilities if I convert to USD or certain USD Stable Coins. That is exactly
    how my tax pro worded it for me.

  2. Just make sure we are fulfilling the whitepapers and agreements of #1, SPEW and to a lesser extent,
    #2, Spinvest.

I had a long discussion on this exact topic with my current lovely assistant and it was fruitful for
uncovering the possible pitfalls. IMO if everyone (or a majority) agrees this plan is the BEST
and the most FAIR. Making SPI liable for losses only is a bad dealio, but we gotta CYA as we say...

CYA = Cover your Bum 🤣

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  1. There does not seem to be any objections to this, as for a vote, well from this comments section I would say the majority of SPEW participants are happy. Yes the pool lost ETH and gained LEO - but the point of the pool was that we are all in it together. Punishing SPINVEST because the ETH was stolen does not seem fair to me. On the USD point, I have used this as the USD value of the inputs was the only readily accesible comparison point between the two tokens (LEO and ETH). We are not actually converting to USD, just using it as the common frame of reference. Could have used anything to compare, USD is just easiest.

  2. Everyone that has responded has voiced approval. Spinvest privately - via chat between me and @silverstackeruk, @shanibeer on discord, 8 members in comments here (up to this point) (I have included you in this "Personally I like the above plan") That's 10 out of 20 already. I am also a spew participant, and obviously i like the plan :-)

I could hold longer for more opinions, but it appears to me that people will be fine with this outcome.

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Very Good, 100% approval so far and no dissent. I agree, no reason to hurt spinvest, just thinking we better watch our own club agreements and so forth. Looks like you have done the homework and gotten Straight A's!

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Good point to raise to ensure that we are following club agreements. However, here, I think it is about the pool members: they took the risk.

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That's one heckuva vote you have there, Sensible Aunty!!!

😋

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😍

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So glad to see you Back!

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Thank you - I've had no internet access for a week. The router burned out and then I used all the data package on my phone. It wasn't stressful at all! 🤣 Hope you are okay and family things are not too demanding. The sun is shining here and I am just going for a walk 😁

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Very Nice!!

I am getting some family business caught up, settled in, sorted, etc.
Today I just bought a tracking device for mum's keys... she loses them
once or twice a week 🤣🤣 It is blue-tooth and has a 75 foot range!

Glad you are back Shani... Hive is once again a nicer place!

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