May I ask how many BTC have been used so far and how many are left?
According coinmarketcap.com the Bitcoin price is $ 582.27 now at 9:09 PM UTC
4 BTC will trade for 2329.08 NBT
2329.08 NBT was sent to
BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js
by TX:
70817cd11b76e1e61d1f8e93d852cb9a2ee5a148dfb6f253b1fb24cc1807d33d
You don’t need to ask. Just run the https://github.com/mh001/buybackcalc script. T4 btc is in the 3Hik address.
@masterOfDisaster can you confirm this? If this is true, can FLOT and @JordanLee agree that the best thing to do for now is commiting 5 BTC to @zoro’s gateway which has run out of BTC and set at 1% spread (@zoro please confirm) and will report a trade history; and 5 BTC to @masterOfDisaster’s gateway set at 5% as a second line and for better PR. @Cybnate’s gateway will be a backup.
@cryptog, @Dhume, @masterOfDisaster, @jooize, @ttutdxh, @woodstockmerkle
please see tx page below for signing.
My nubot is already set with a buy offset at 1% (not spread, buy offset)
and currently has zero buy side!
Can FLOT agree that @zoro’s gateways shall be set to 1% SAF symmetric for the purpose of FLOT BTC Operations (buy side)?
@cryptog, @Dhume, @masterOfDisaster, @jooize, @ttutdxh, @woodstockmerkle
this post is a wiki.
yes: @mphs @cryptog
Gateway continues to be available on both Poloniex and Bittrex with symmetric 1% spread (0.5% offset on both sides)
SAF?
I worry that by the time we get enough signing you will be sleeping …
IMO, small buy walls every now and then in Poloniex will be consumed in second!
We need a “large” buy wall all at once in order to restore NBT value and confidence!
This is merely my opinion!
Poloniex is 0.20% fee.
The gateways run unattended, so they can be funded any time automatically.
Will briefly check in my morning in about 8-9 hours time, just for this.
0.15% for the makers, us 
That is what they advertise, but I noticed that for some reason I’m not always recognised as maker, so I reported on safe side
Yes, i have noticed too. It is due to different nubots trading with each other due to tight spread!
My calculation shows that T4 reserve decreases at 90btc/week during past btc price rises. That is about 13 btc a day. Our 35 btc reserve can last about 3 days, possibly less due to pent up demand now. Then we will be out of btc for any possible gradual spread reduction ops, unless nsr sales bring enough btc home. Do we want to do that?
Let’s discuss while we sign.
@zoro @Cybnate and @masterOfDisaster: please increase buy offset to 5% before FLOT has a majority (5 members) opinion.
FLOT members: If you agree to discuss while the gateways ops have 5% offset waiting, please sign. Here are
- a tx to transfer @zoro and @masterOfDisaster 5 BTC each signed by me 1 of 5/8. verify.
- and a tx to transfer @zoro and @Cybnate 5btc each signed by me 1 of 5/8 . verify
If MoD doesn’t respond when the 2nd signer sees this, please sign @Cybnate’s one.
Discuss NSR sales?
I agree.
The peg is already broken. So I am ok with 5% offset in practice now. It is still not in conflict with any passed motions, right?
I guess we can’t avoid a mid-term plan to have a short-term one. Here is what I think feasible
So the near-term plan derived from the mid-term plan is placing 2btc @ 1%, 2 @ 2.5%, 2 @ 5% at the three gateways and watch. To do it sequentially only if a gate op agrees to as it’s work.
Not quite. How many btcs to what spread. See my post above.
If most of the FLOT don’t agree, they will not sign. @Cybnate’s gateway is not funded so there is no harm but yes she indeed changed to 5% without evetual authorization; If they do sign, the tx is through and @Cybnate is authorized to set to 5%. She can wait the 5th member to sign to act so she is authorized all the time but she has to sleep. So I suggest she either refuse this altogether or set to 5%. Hard choices. How does the architect know?