Change highlights:
Poloniex: All NBT were sold in last 24h.
Bittrex, Oddly enough the opposite, all BTC were sold, leaving only NBT for sale in the books.
With the last server update, I have changed server settings so PyBot now limits buy orders too. The buy and sell limits are identical (see op). I’ve updated the table below accordingly.
Poloniex NBT/BTC (active since 9-Mar)
Buy [BTC]
Tier 1: 4.3081 (on order)
Tier 2: 9.7005
Sell [NBT]
Tier 1: 0 (on order)
Tier 2: 0
Bittrex (active since 15-Mar)
Buy [BTC]
Tier 1: 0 (on order)
Tier 2: 0
Sell [NBT]
Tier 1: 1,000 (on order)
Tier 2: 3,239.96
Not sure what happened there. The bot seems to be behaving, although I can’t rule out some price feed issues. The same would have happened at Poloniex at the same time being subject to the same feeds and would have likely resulted in the sell of many cheap BTC. There is no evidence that happened or maybe nobody was paying attention?
Change highlights:
Too many, please check FLOT BTC buy side thread for more details regarding operations.
The 5 BTC from FLOT sold out in 3 minutes today.
All funds on sell side.
Poloniex NBT/BTC (active since 9-Mar)
Buy [BTC]
Tier 1: 0 (on order)
Tier 2: 0
Sell [USNBT]
Tier 1: 2,000 (on order)
Tier 2: 5,420.46
Bittrex (active since 15-Mar)
Buy [BTC]
Tier 1: 0 (on order)
Tier 2: 0
Sell [USNBT]
Tier 1: 1,000 (on order)
Tier 2: 3,246.30
Total funds buy: <0.001 BTC
Total funds sell: 11,666.67 USNBT
Change highlights:
A handful transactions on Poloniex, resulting on some buy side for a few days, but zeroed again.
Interestingly there were heaps of small transactions on Bittrex especially on 16 Sept, but buy side is back to zero.
Result due to the 1.4% spread is a small increase in USNBT.
Poloniex NBT/BTC (active since 9-Mar)
Buy [BTC]
Tier 1: 0 (on order)
Tier 2: 0
Sell [USNBT]
Tier 1: 2,000 (on order)
Tier 2: 4,550.65
Bittrex (active since 15-Mar)
Buy [BTC]
Tier 1: 0 (on order)
Tier 2: 0
Sell [USNBT]
Tier 1: 1,000 (on order)
Tier 2: 3,258.29
Total funds buy: <0.001 BTC
Total funds sell: 10,808.94 USNBT
Number of trades on Poloniex especially on the 21st.
The PyBot on Bittrex is now providing dual-side funds as some NBT has been sold and the BTC has been place of the buy side.
Poloniex NBT/BTC (active since 9-Mar)
Buy [BTC]
Tier 1: 0 (on order)
Tier 2: 0
Sell [USNBT]
Tier 1: 2,000 (on order)
Tier 2: 4,530.28
Bittrex (active since 15-Mar)
Buy [BTC]
Tier 1: 0.81795 (on order)
Tier 2: 0
Sell [USNBT]
Tier 1: 1,000 (on order)
Tier 2: 2,763.92
Total funds buy: 0.81795 BTC (~500 USNBT)
Total funds sell: 10,294.20 USNBT
This is the last update for the PyBot gateway. Even though this service paid almost for itself given the small profits made due to the spread the sharehoiders have chosen to no longer support this liquidity service by contract and it is therefore decommissioned. The remaining shareholder funds in NBT will be burnt soon. Remaining BTC will be sold for NBT and also burnt.
Change highlights:
Number of small trades (12) on Poloniex in the last period.
Handful of trades on Bittrex in the last period. All BTC sold for NBT. Interestingly, a new liquidity provider has magically appeared on Bittrex, which is definitely not related to my services.
Poloniex NBT/BTC (active since 9-Mar)
Buy [BTC]
Tier 1: 0.0167 (on order)
Tier 2: 0
Sell [USNBT]
Tier 1: 2,000 (on order)
Tier 2: 4,522.49
Bittrex (active since 15-Mar)
Buy [BTC]
Tier 1: 0 (on order)
Tier 2: 0
Sell [USNBT]
Tier 1: 1,000 (on order)
Tier 2: 3,259.13
Total funds buy: 0.0167 BTC (~10 USNBT)
Total funds sell: 10,781.62 USNBT
The core structure controlling custodial grants is always completely decentralized. These dispersed shareholders can create pockets of hierarchy as they see fit. Any hierarchy they create depends on ongoing financial support from decentralized shareholders to remain.
This proposal failed because very few decentralized shareholders support it. It isn’t because I have used some special power to oppose it. One more thing: I wouldn’t interpret this as a defeat for @Cybnate. She did what she was supposed to in regard to these gateways. It is just a rejection of this particular model of liquidity provision.
This is simply false. Decentralization comes in degrees, and nsr decentralization is 100% dependent on share distribution. There are many red flags for the degree to which that is decentralized. PPC distribution, for example, is clearly more decentralized. This is why eth hard forked, out of fear of how the future PoS security would suffer due to the share concentration imposed by theDAO.
