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!
2 Likes
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
1 Like
Yes, i have noticed too. It is due to different nubots trading with each other due to tight spread!
1 Like
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.
2 Likes
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.
2 Likes
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?
So the goal here is to fund her gateway once again at 5% spread to buy some time for thinking about we should proceed for placing how many btcs at what spread from how many NSR sales?
1 Like
The 5% is only for safe keeping the fund. I hope we can have a short term plan by the time the 5th signers signs so we tell the ops what to do so the 5% will have changed to whatever by the time fund arrives and is never used. If we can’t tell what to do, leave the fund ready to deploy is better than have 0.
Ok then.
Changed buy offset at 5% until further notice.
Just got to know – I will be off-line for about 1.5days starting from ~12hr from now.
Forum was giving me problems, but so far I like your plan best. Put up some BTC at different offsets and see how it go’s. I’l sing your tx’s.
Forum was broken due to rennovation. Very bad timing!
@cybnate and @masterOfDisaster are not around to set 5% spread. Please sign both.
The 4th and 5th signer should only sign one that responds.
Verified and signed 2 of 5/8 to Zoro and MoD:
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
Verified and signed 2 of 5/8 to Zoro and Cybnate:
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
1 Like
5 BTC to @zoro and 5 BTC to @masterOfDisaster
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5 BTC to @zoro and 5 BTC to @Cybnate
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2 Likes
OK before the next signer signs we should make a choice what to do next because after the 4th signs, the 5th might sign any unsigned tx w/o reading all the posts, then both tx’s will be signed.
1: do we want to send different amount or to different addresses? if yes, edit signed post to stop the 4th signer; if no go on 2
2: who to send to ? @Cybnate will be online in 2 hrs. @masterOfDisaster unknown. So the chioce now is @Cybnate
3: what spread? There are 2.1 btc under cutting the peg*0.993 price. So if 5btc is sent to @Cybnate, her gateway only need to be set to 1% SAF to regain the peg. We can observe how fast it disappears. It’s a little too much for experimenting purposes but since the community seem to accept the value of a part-time-on peg, this will be an on-peg for however short time. So i can live w/ it.
4. what spread for @zoro? 5% used to be the safe line. not sure now after the line is breached. i say we keep it 5%.
can other FLOT members agree? what does @JordanLee want to say?