FLOT BTC Operations (buy side)

[zoro]

Nubot “belongs” to FLOT. I just operate it. I can only rebalance with T4.

[mhps]

Nubot “belongs” to FLOT.

right. It’s for emergency only? I’d rather see T3 handling daily balancing.

[zoro]

Actually i can withdraw funds only to T4 multisig wallets and anyone can send funds to nubot.
But i am not in position to make “deals” with T3. The terms are absolute

[Nagalim]

I think you’ll find CRFC on poloniex will make much more demand for T3 (including nulagoontube). Currently there’s not a lot of incentive to balance poloniex.

[Dhume]

I am currently as we speak sending the collateral to the FLOT BKS address, however BKS wallet is notoriously slow when transacting large amounts. In order to make sure we get Nusafe live tonight I propose we already start crafting the BTC transaction. The collateral is secured please sign this transaction.

This transaction is supposed to be 30.000 USD worth which would amount to roughly 80 BTC depending on which price feed you use. I propose sending 85 which should be more than enough and me sending the remaining BTC (all BTC in excess of 30k USD when I’ve sold) back to FLOT multisig after they’re sold.

I request 4 FLOT members to sign this and I will sign the 5th signature to make sure I am ready behind the computer when funds are send. I have added a relatively large fee to enable the transfer to be quick. So please refrain from signing the 5th signature, just the first 4.

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

Ping: @cryptog, @dysconnect, @masterOfDisaster, @jooize, @mhps, @ttutdxh, @woodstockmerkle

[jooize]

FLOT has received 6500 7500 BKS from @Dhume. Another 1000 BKS intended according to their passed motion.

[Passed] NuSafe - An 30k hedge of Tier 4 funds in USD

For collateral @Dhume is required to put up 100>% of the hedged amount in USD. For this @Dhume proposes to put up 7500 BKS (valued at the open market between 6-7+ USD a piece at the time of this proposal) which current value is estimated to be 45.000-52.500 USD as collateral.

6500 BKS at 5 USD equals 32,500 USD.

85 BTC is currently ~32,200 USD.

I’m comfortable with signing off on this now, but the rest of FLOT may like to wait for the remaining 1000 BKS.

Signed 1 of 5-of-8.

01000000024550059310bf72ae1e394769310beb85b41f96ae1fe2c1a09be983874233967402000000fd5f010047304402205611f7898549f85736012bf2e0b7a2b177b704b1501ee30c9939922915e414bd0220565a13fed206281b1a412ed8878a0ea6a5b6e1138841b21015939eb331ae8103014d130155210234139729dd413c84a71a0bfd6f236790be861b37311cef3240277c940e4b0c072102435b894b94b4b27dd24436b3f9ad0b9409d855ab4be6e91141d445804e84750b2102e2fcdfe246e9cd4864d9119b8af465487385eccd0ea30a8cb21d44d36818189f210312cd6eb361c9ebb0d90e44946492a237eab4c7a7d88a0db800f2f460937cc22f210326c19862fb329470c828ace6749b64c50b4d9a8da60d60e4e32ebe96b388b2ae21034b0bd0f653d4ac0a2e9e81eb1863bb8e5743f6cb1ea40d845b939c225a1a80ff2103661a4370dfcfbcea25d1800057220f4572b6eecab95bb0670e8676a9e34451dc2103da8082062298c40f0b473b74f3c95b57eaaebe3e67ed30ce56347b2e727915fb58aeffffffff4550059310bf72ae1e394769310beb85b41f96ae1fe2c1a09be983874233967401000000fd600100483045022100a6f369a4288ba8a0ede3261e05ce9ba6944deff5658ce04cea5dec56da99a562022033c04f00876b1468aa3f745bd7f1884d9da5ca7d3487ab161eb23b5082f8f4d9014d130155210234139729dd413c84a71a0bfd6f236790be861b37311cef3240277c940e4b0c072102435b894b94b4b27dd24436b3f9ad0b9409d855ab4be6e91141d445804e84750b2102e2fcdfe246e9cd4864d9119b8af465487385eccd0ea30a8cb21d44d36818189f210312cd6eb361c9ebb0d90e44946492a237eab4c7a7d88a0db800f2f460937cc22f210326c19862fb329470c828ace6749b64c50b4d9a8da60d60e4e32ebe96b388b2ae21034b0bd0f653d4ac0a2e9e81eb1863bb8e5743f6cb1ea40d845b939c225a1a80ff2103661a4370dfcfbcea25d1800057220f4572b6eecab95bb0670e8676a9e34451dc2103da8082062298c40f0b473b74f3c95b57eaaebe3e67ed30ce56347b2e727915fb58aeffffffff0200b5a3fa010000001976a9142ff1790263019204c034ef784c60e5cf49d624d288acc022be1d0000000017a914afd5c3c6fb0c40799f0a874396df7bfce2bc29a38700000000

Agree, verify and sign.

[woodstockmerkle]

0.01 BTC for a fee? $3.75 seems steep. We know we’ve gotten tripped up on amounts less than 0.0003 BTC … but this is a 30x bigger fee.

Signed 2 of 5-of-8

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

verify

[jooize]

0.01 BTC for a fee? $3.75 seems steep.

Didn’t catch that.

@Dhume: Intended or did you perhaps think Nu and BCE fee? Intended.

I won’t create a new transaction, but will sign a new one, though may fall asleep soon. I think fee is excessive for sure, but within acceptable limits (we won’t go broke).

Really tired, will sleep almost now.

[Dhume]

This was intended, the fee is quite steep but we’re talking the equivalent of a $ 32500 transfer paying 3.75 to guarantee a quick transaction is still extremly cheap in my opinion. When I sign the 5th signature and broadcast it I would like to minimize the time as much as possible to prevent BTC movement affecting the price significantly. To transfer the BKS to the multisig address I paid roughly 13 BKS or $65 dollars in fee so Nu paying 3.75$ to insure a quick transaction seems okay to me.

Edit the final transaction for the collateral has 8 confirmations now!

[masterOfDisaster]

Given the value that’s beung transferrred, I think a few $ isn’t too much fee.
Signed 3 of 5/8

[Dhume]

Nice! 1 more team, who’s going to the lucky one!

@mhps, @dysconnect, @ttutdxh and @cryptog

[cryptog]

Sorry im on mobile.

Signed 4 of 5-8 .

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

[Dhume]

Great! I’ve verified and broadcasted!

Tx id: a12580267c9306184e93ce4b178080f14ec56045721dad6eaa3cd1ac0e4cdabf

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

Edit: I’m sitting by to start selling them the moment they arrive, will post an update here after its done!

[Nagalim]

Please try to get a good price. BTC’s feeling pumpy right now.

[Dhume]

I’m selling slowly, small bits of BTC at the time. Havent sold any under the ticker yet.

[Dhume]

They are sold! I managed to get an average price slightly above 383, I have 6,5367 BTC left that I will send back to FLOT multisig address! $30.000 is now secured in my account. I will make a post later today about Nusafe first operating period with all relevant information.

[jooize]

Supply, Reserves, and Equilibrium

7.160980 BTC will be used for share buyback next week.That is equivalent to approximately $2786.623744.

[Passed] Interim Executor: @Nagalim

Bter: 1CWYRjQe7FqemhXuS38ExfPwG2TajDzrpp
Polo: 1PfP4MNz1EHfEnr1YaYXSDdXwFGZYR4Aei

I suggest FLOT split the funds 50/50 from now on, my withdrawal limit on polo is plenty.

@Nagalim: Does this still apply?

[Nagalim]

100% polo like last week plz.

[jooize]

NSR Buyback #21

Calculation.

• 7.160980 BTC ($2786.62) to Nagalim’s Poloniex account.
• Fee: 0.0003 BTC.

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

Verify and sign.

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@NSRBuyback: Perhaps reply to this post as linked topic for the accounting thread (link to the right of post when hovered on). Thinking we could establish a workflow where calculations are made in that thread, quoted in this thread, and reported in the buyback thread. Does that make sense? The idea is to be able to navigate the posts easily.

[mhps]

2 of 5/8
verify