FLOT NSR Operations (buy side)

[masterOfDisaster]

2,400,000 NSR to mOD’s Poloniex gateway account following the “Standard and Core” otion

Signed 1 of 3/5

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

I will put the funds on sale based on what FLOT agrees on.
I intend to use the BTC proceeds in the NuBot gateway at a considerable buy side offset.

Although there’s need for BTC, I suggest we start at 500 Satoshis or 450. That would translate in a price of $0.0025 or $0.00225 and would be 25% or 12.5% above current market price.
What do you think?

@Dhume, @ttutdxh, @cryptog, @mhps, please discuss if need be, make suggestions or verify and sign.

Addendum:
Just in case bockexplorer.nu fails again, here’s the tx created with @backpacker’s cointoolkit):
Signed 1 of 3/5

01000000c7a949570215abb65fa5ed15c36c13a950bcab36f1cfd6f1d160dd04e4e9b4ed925508c38300000000f800473044022035e04c30d2b7f777b77856be1de6245c6edc31bcc1b6ad4f2ac6bcbb29471cd402204d253893926d7c6e91ddabb5d81e2f8e2abc368456838413de62b56526692eb8014cad532102e2fcdfe246e9cd4864d9119b8af465487385eccd0ea30a8cb21d44d36818189f2103661a4370dfcfbcea25d1800057220f4572b6eecab95bb0670e8676a9e34451dc2103686ee42f635c71c08f326e66139b6cb37167402cc0562584655aac03fe74049521039854d0e2abf6e4971e1350137b876da6a05132737c11ca3e37aaed2a0eb668082103d05d8fb69fcd289548140dde8e906f6fc217b02477f81842f2483d9ea1c9242555aeffffffff94c1b11ee00dc036bf5e4afed3e8650fe86ed16e4681a9f40bf9270bc75d110b00000000f900483045022100faad89aced015c89a3e4a788c250716bda69924168539c2bc8b0f6bbbbbbb1b40220008ce97fd244453e97d855ab18249886305e80f079fa9c6d9b6227214f6df957014cad532102e2fcdfe246e9cd4864d9119b8af465487385eccd0ea30a8cb21d44d36818189f2103661a4370dfcfbcea25d1800057220f4572b6eecab95bb0670e8676a9e34451dc2103686ee42f635c71c08f326e66139b6cb37167402cc0562584655aac03fe74049521039854d0e2abf6e4971e1350137b876da6a05132737c11ca3e37aaed2a0eb668082103d05d8fb69fcd289548140dde8e906f6fc217b02477f81842f2483d9ea1c9242555aeffffffff0200f08296050000001976a9141462d25d2568d72654320aef11732fc006d73deb88ac603ea79e3400000017a9147077487df91c0166d33ee6079b0c2229788f6ac2870000000053

This might not be necessary at all, because broadcasting the tx can be done in other ways.
Anyway…

[Nagalim]

Why are you using double the amount mandated by the standard motion?

[masterOfDisaster]

Because I can’t calculate. I’ll fix it. Fixed

[mhps]

How is the fee calculated for nsr? 1 nsr / kB?

[masterOfDisaster]

I think so.
Do you think 1 NSR is insufficient, because the tx might be bigger than 1 kB?
Next time I’ll make it 2 or 3 NSR fee.
We could 1,000 NSR fee and it would do no harm…

[Dhume]

Verified and signed 2 of 3/5:

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

[mhps]

your tx is only 660 byte. I think 3 nsr would be good.

[masterOfDisaster]

But it will grow with each signature.
Let’s hope 1 NSR is enough; next time I’ll make it 3.
@mhps, wanna sign it?
We need only one more.

[Dhume]

We can always make a new tx if it dousnt work.

[mhps]

But it will grow with each signature.

660x3 < 2000 so i think 3 nbt is more than enough i will sign it if you make it 3 or not. but let’s try to get it right hte first time. will be off line in 30min

[masterOfDisaster]

After @Dhume signed it the tx is at 810 Bytes.
Let’s try!

[Dhume]

Shall we make a new tx then?

edit: Or not

[masterOfDisaster]

Why not signing this? It has a good chance to stay below 1 kB.

[mhps]

signed 3 of 3/5

get 'Please wait. Loading…" when broadcasting. someone else might want to try?

ps. 954 byte!

[masterOfDisaster]

tx id b24342d957bf8deb5abf7ff19ff06c38520e99ee6a09797c2ed9b3895f09ed19

Poloniex shows 3 of 15 confirmations.
At what rate do we start the sale?
As nobody opposed so far, I’d like to start with 500 Satoshis. All 2.4 million at once?
What about starting with 500,000 or 1 million?

@cryptog, @Dhume, @dysconnect, @jooize, @mhps, @ttutdxh, @woodstockmerkle, what do you say?
And important as well: how to move from there?
…I thought it might be appropriate to ask the whole FLOT and not only the NSR group.
Shareholders or forum members may want to contribute as well.

[Dhume]

I agree with 500, even though I already feel that’s dirt cheap…the problem is if we start undercutting ourselves continuously there is no incentive for buyers not to wait for lower prices.

[masterOfDisaster]

500 Satoshis equals $0.02 at the moment.
That’s afaik more or less the price at which NSR were initially sold.
Including the PPC and BKS dividends, the price is still good.
Considering our current liquidity situation, I wouldn’t wonder, if we had to go far below 500 Satoshis.

Which raises another question: where (BTC rate or USD rate) should we draw a line and not go below?
All the way down to 1 Satoshi (I don’t think that’s going to happen, but…)?

1.2 million NSR is on order at 500 Satoshis:

I need to take a break.

I will refill the order to 1.2 million each time I adjust the rate.
I will reduce the rate by roughly 6% each step and make a step each 6 to 12 hours randomly chosen.

If you have suggestions how to improve the sale (alternative amount, full amount, reduced amount, other rate, which steps to take when lowering the rate, etc.), please discuss.

[Nagalim]

500 Satoshis equals $0.02 at the moment

400 sat is ~0.002 $/nsr

[masterOfDisaster]

400 sat is ~0.002 $/nsr

I agree.

I need to take a break.

[dysconnect]

500 satoshis is probably a good place to start. We may also consider beginning at 2.5k NBT per million shares.