FLOT BTC Operations (buy side)

[cryptog]

5 BTC to @zoro and 5 BTC to @Cybnate

Verified and signed, 4 of 5-8.

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

Awaiting @dysconnect s signed tx 4 of 5-8 for 5 BTC to @zoro and 5 BTC to @Cybnate

Not signing the tx for 5 BTC to @zoro and 5 BTC to @masterOfDisaster until instructed to do so.

[dysconnect]

Signed and broadcast: c97209c9a5f129a342b0314f0551b9ada495bec76d5ebc7b238f228c68e52637

[mhps]

Let’s watch what happens on Polo nbt/btc

[mhps]

Fund at 1% SAF bought in minutes.

mid price on polo now is 3% lower than feed price.

@zoro’s 5% line seems intact.

@Cybnate what is the T2/T1 ratio on your gateway? can you post a log?

There are ~3500 nbt sitting between feed price and feed*0.993.
@masterOfDisaster, your gateway is inactive? By any chance you have fund with negative offset ?

[Cybnate]

can you post a log?

Market 	Type 	Category 	Price/Share 	Amount 	        Fee 	                        Total 	Transaction Date
NBT/BTC	Buy	Exchange	0.00170700	0.82800000	0.00207000 NBT (0.25%)	0.00141339 BTC	2016-06-09 02:55:07
NBT/BTC	Buy	Exchange	0.00171404	31.95161865	0.07987905 NBT (0.25%)	0.05476635 BTC	2016-06-09 02:54:31
NBT/BTC	Buy	Exchange	0.00171882	895.35438135	2.23838595 NBT (0.25%)	1.53895301 BTC	2016-06-09 02:54:31
NBT/BTC	Buy	Exchange	0.00171404	0.50000000	0.00125000 NBT (0.25%)	0.00085702 BTC	2016-06-09 02:53:22
NBT/BTC	Buy	Exchange	0.00171404	0.50000000	0.00125000 NBT (0.25%)	0.00085702 BTC	2016-06-09 02:52:23
NBT/BTC	Buy	Exchange	0.00163571	1.32228486	0.00330571 NBT (0.25%)	0.00216287 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00163582	0.66114243	0.00165286 NBT (0.25%)	0.00108151 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00165000	1.00000000	0.00250000 NBT (0.25%)	0.00165000 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00165000	2.25669061	0.00564173 NBT (0.25%)	0.00372353 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00166635	0.73103802	0.00182760 NBT (0.25%)	0.00121816 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00166636	1.92852080	0.00482130 NBT (0.25%)	0.00321360 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00166731	13.43467971	0.03358670 NBT (0.25%)	0.02239977 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00167228	6.00000000	0.01500000 NBT (0.25%)	0.01003368 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00168514	1.16262747	0.00290657 NBT (0.25%)	0.00195919 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00169526	6.95461847	0.01738655 NBT (0.25%)	0.01178988 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00169527	5.68483885	0.01421210 NBT (0.25%)	0.00963733 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00169990	0.11560000	0.00028900 NBT (0.25%)	0.00019650 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00170000	999.98000000	2.49995000 NBT (0.25%)	1.69996600 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00170299	1.76623860	0.00441560 NBT (0.25%)	0.00300788 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00170324	787.22702451	1.96806756 NBT (0.25%)	1.34083655 BTC	2016-06-09 02:51:22
NBT/BTC	Buy	Exchange	0.00171404	169.77469567	0.42443674 NBT (0.25%)	0.29100061 BTC	2016-06-09 02:51:22

Three minutes is an absolute record. Not good.
Wiil start withdrawing the NBT to the usual address
$9,420 on sell side of which $2,000 on T1 on Poloniex PyBot.
Will use 1 BTC=$575 x 5 = $2,875 and withdraw first lot of $2,000.

Edit: for the records transferred 1999.99 NBT: http://nuexplorer.ddns.net/transactions/3127d7c8a89d9de2657b07cfb52460186fe8fa9574695480a123781c8666ea27
The remaining will follow after 24h due to account limitations.

Edit 11-Jun: Just transferred the other 875 NBT back to FLOT
http://nuexplorer.ddns.net/transactions/8aec7f86963117d8e8ec553e6f04f17d32e524c77631e282ab1392f0dff03474

[jooize]

I’m convinced NuLaw demands FLOT to send remaining Tier 4 funds to NuLagoon Tube.

Discuss.

25.74036791 BTC to NuLagoon Tube

Signed 1 of 5-of-8

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

[ttutdxh]

Right now anywhere on the buy side but sitting there.

Signed 2 of 5-of-8

[cryptog]

Verified and signed, 3 of 5-8.

01000000013726e5688c228f237bbc5e6dc7be95a4adb951054f31b042a329f1a5c90972c902000000fdef010047304402201104d72cc92d46c66ca39cd8bccdfc53faa52968e0827959d2ccb333fbb951e902200cee0e2fa81d1d4e8a631127913ed7b0c8e587f2fe775df66249c199aa87f8ae014730440220362c85abe4700b6b522c7590b953130176e66c398111c51bb5a36a079db8db7e022056dfbab0a617122989198a35207a9d7e08e200519fdd8a2f21f30ed22d25a9d901473044022037b5d22dc5fafdeb04f6d50e451ab2aed87e5cfba01c50f0cf6510b8ecb8a45602202b6a9b29c85aba28cb4ecb6cf6d497bc6bfc1565cd4db2b3d414b860a3d852dd014d130155210234139729dd413c84a71a0bfd6f236790be861b37311cef3240277c940e4b0c072102435b894b94b4b27dd24436b3f9ad0b9409d855ab4be6e91141d445804e84750b2102e2fcdfe246e9cd4864d9119b8af465487385eccd0ea30a8cb21d44d36818189f210312cd6eb361c9ebb0d90e44946492a237eab4c7a7d88a0db800f2f460937cc22f210326c19862fb329470c828ace6749b64c50b4d9a8da60d60e4e32ebe96b388b2ae21034b0bd0f653d4ac0a2e9e81eb1863bb8e5743f6cb1ea40d845b939c225a1a80ff2103661a4370dfcfbcea25d1800057220f4572b6eecab95bb0670e8676a9e34451dc2103da8082062298c40f0b473b74f3c95b57eaaebe3e67ed30ce56347b2e727915fb58aeffffffff01571b6899000000001976a914d161fdb4f58fb3159da9c594846fea86f1443e1a88ac00000000

[backpacker]

Why not poloniex? Isn’t it better to have it there, where everyone gets a chance to see it?

[Dhume]

Terrible Idea I’m not signing this, funds will be sold away within the hour and the peg will go into free float mode. I’ll state again a weakened peg is far more desirable then no peg at all.

My proposal would be to put 15.7 BTC up at 5% offset 7 BTC at 2.5/3% offset and 3 BTC at 1.5% offset.

[henry]

Suggestion to the plan:

1. Begin selling NSR asap, and ask for another NSR grant.
2. Selling NSR for NBT on exchange or auction.
3. Holding on the BTC TX to NuLagoon until #2 begin.

Reason:
We need a strike instead of continous and gentle work to restart the engine. Creating a moment NBT can be sold in large volume for what ever you like in NSR and BTC. When people see exit door widely opened, they are more likely to stay a while more.

[cryptog]

But isn’t it against passed motions? See this.

Or can we use discretion to adapt to the situation?

[Dhume]

I don’t see any rule that enforces us to use all funds available at a 1% spread. And even if there was such a motion if it leads to suicide should we follow it? This is not a time we can afford to be careless with funds.

[cryptog]

I agree every rule is subject to interpretation.
The motion does mention:

Tier 4 Fund Management Discussion

The preceding should be interpreted as guidelines, and FLOT may exercise discretion.

==
So it further leaves room for some adjustment.
Therefore I am fine with your decision not to sign.

[henry]

We just set the offset of the Tube to ±5%. Now we suggest FLOT contintue to sign the TX. It is better to put remaining BTC on Tube buy side at 5% spread than sitting on T4.

Let those pessimists who believe NBT won’t worth $0.95 exit first (with $0.5/NBT lost). If BTC can stay there a while, at least there is a message that over 60k NBT holders beleive NBT will worth more than $0.95.

But the most important is begin NSR selling asap! Buy side won’t stay long at any large spread if there is no other NBT exit provided. Urgent!

Tube will lower the spread when NBT buyback begin.

Suggestion to the plan:

1. Begin selling NSR asap, and ask for another NSR grant.
2. Selling NSR for NBT on exchange or auction.
3. Holding on the BTC TX to NuLagoon until #2 begin.

Reason:
We need a strike instead of continous and gentle work to restart the engine. Creating a moment NBT can be sold in large volume for what ever you like in NSR and BTC. When people see exit door widely opened, they are more likely to stay a while more.

[dysconnect]

EDIT: I signed for 5% offset but it was changed to 2.5%. proceed with caution

EDIT: please sign Dhume’s proposed transaction below

[Dhume]

Seeing as the Tube is now at a 2.5% spread I suggest sending 7 BTC to them and 15.7BTC to a gateway set at 5% offset. Is there any gateway at 5% offset availalbe now?

@masterOfDisaster, @Cybnate, @zoro

[Dhume]

If you adjust the spread I would be willing to send 10 BTC to the Tube I feel the rest should go to a gateway so funds are visible on Poloniex.

[henry]

Tube is now at a 2.5% spread I suggest sending 7 BTC to them and 15.7BTC to a gateway set at 5% offset.

We just set Tube to 5% offset. We suggest put all the fund at the same spread and the same place to let people see them.

Again:
The most important is begin NSR selling asap! Buy side won’t stay long at any large spread if there is no other NBT exit provided. Urgent!

[Dhume]

Thank you henry! I’m confused do funds in Nulagoon also appear on Poloniex?