# FLOT NSR Operations (buy side)

I received the 7,000,000 NSR, sent them to Poloniex, and built a wall.

• 1,000,000 NSR at 0.00000155 BTC
• 1,000,000 NSR at +.00000030 = 0.00000185 BTC

I will sleep now.

3 Likes

The latest calculation shows that the Standard = 6.0488 btc.

How about putting one Standard on sale at Polo and one for auction?

At the latest price 112sat, 6.0488 btc is 5.40 m NSR. I don’t know how last week’s sell has been going, and if the price 112 sat represents a reasonable price. At the latest auction price, 6.0488 btc is 7.2 m NSR.

2 Likes

Do you mean adding on top of the current 7,000,000 NSR sale at Poloniex, plus an auction?

Shall I create a transaction with 7.2 M NSR for Blind Auction NSR #3?

Yes. The sales amount shouldn’t be more than one Standard.

I think it is a good idea. Auctions have shown effectiveness.

4 Likes

To make sure I understand correctly …

• Auction should sell one Standard every week.
• Auction remainder if any is used for exchange sales. On top of the Standard or included with it?
• Exchange sales should be one Standard every week.
• Motions allow anyone to buy shares directly. I’d like this simplified so we can just sell large amounts of shares to those who request it, at a sensible price of course.

Does this mean we send 7.2 M NSR to Blind Auction NSR #3 and 0.2 M NSR to exchange sales?

FLOT NSR Multisig #1 only contains 5,624,913 NSR.

# 7.2 M NSR to Blind Auction NSR #3 and 0.2 M NSR to exchange sales

Amount: 7.2 M + 0.2 M NSR
Fee: 50 NSR

Signed 1 of 3-of-5

``````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
``````

I would say inside the Standard.

By the way, what is the main reason why @mhps and me are excluded from signing?
Are there now 2 NSR groups?

It would have been better with you two instead of @dysconnect (quit) and @masterOfDisaster (gone).

1 Like

I think it is necessary to create another group.
FLOT has not been abolished (yet) as far as I am concerned.

My understanding is “included” as the driver for the limit is not to impact the NSR market. So the upper limit is a limit for the total to be sold per week.

Strictly spreaking the total bought cannot result the reserve to exceed the T4 limit (121.97 btc).

I think so.

I believe @masterOfDisaster make a mistake when he breated the address by using the nbt flot group’s keys. I think a #3 multisig address should be made using available members’ IDs, and the fund in #2 sig should be transfered to #3.

available members are @cryptog @jooize @mhps @Cybnate @woodstockmerkle @Dhume . @ttutdxh in order or frequency seen in forums.

1 Like

With the passage of the “Chief of Liquidity Ops” role and imminent allocation of shares to Phoenix, the network is moving in a direction that I disagree with.

As such I will be withdrawing myself from efforts related to Nu.

I will continue to fulfill FLOT duties; however, once all funds are moved to multisigs that do not include me, I will resign from FLOT.

Please exclude me from the list of candidates for any new multisig.

5 Likes

I will hold off my judgement until not only I hear what @Phoenix speaks but what he does.

2 Likes

I highly appreciate your decision. You are among the very few that do not belong to the fucking lemming group, thanks!

Signed 2 of 3-of-5

`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`

Verify

Just to let you all know: I’m not gone.
But I can’t contribute anything more to this farce.
Nu failed and not only economically.
Maybe it failed least economically.

Do you still believe the sponsor who paid for the Peershares development is an entity different from JordanLee?

Don’t you wonder why so few customers from NuLagoon complain? Do you think henry is someone different from JordanLee?

Does anyone think phoenix isn’t JordanLee?
JordanLee doesn’t need to provide accounting from the early days of Nu, but phoenix can play chief of liquidity whatsoever?

I gave a lot and more for the success of Nu.
I won’t give anything more.

If you want to make a provably JordanLee free fork (haha, how to prove that if nobody knows JordanLee?) that’s actually based on revenue, I would happily join with the same devotion and tireless efforts to make it succeed - just in case someone can make use of my abilities.

For the time being I’m watching from time to time.
But I’m not gone.

3 Likes

Again, another highly appreciated personality that is not a fucking lemming. This forum is getting better! Thanks @masterOfDisaster!

I’d love to see the party for Jordan Lee being over! I’ll spend the Champagne!

@mavo Can we please stay on topic? We have a number of other threads where you can discuss JordanLee.
Just trying to keep a bit of structure here for those who will have to plough through this later.

1 Like

Blind Auction NSR #3 will not begin until I’m provided with 7.2 M NSR.

Members of FLOT NSR Multisig #2 group have not signed or objected within their 36 hours of response time. We obviously need to restructure FLOT NSR.

@Phoenix sent me 7.2 M NSR. Auction will start soon.

2 Likes

signed 3 of 5

verify

``````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
``````

Note that I did not verify the transaction beyond very basic sanity checks; this is little more than a rubber stamp.
I do not guarantee any signing activity apart from migration, which I can only offer on a best-effort basis; please also arrange for a migration to a new multisig address excluding myself.

3 Likes

Thank you! We should figure out a new FLOT formation soon.

I returned the 7.2 M NSR @Phoenix sent me. The 0.2 M NSR have been sent to Poloniex.

Nu Blind Auction NSR #3 is live.