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?
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…
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
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.
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.
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…)?
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.