I would like remind everyone the policy of liquidity operations remains the same as it has been for some time: we will not sell additional NSR as a result of a rally, including the sudden rise to 47 satoshis on over $500,000 volume.
We will continue to use our model revolving around the deviation from reserve equilibrium to calculate the size of daily NSR sales, without change. Right now that is $312 worth of NSR. At the current price of $2.56 per voting NuShare, the quantity of NSR sold each day will be less than at any time since NSR sales began in July. The inflation rate of NSR is expected to continue to drop as the price rises, from 16 or 17 percent annualized, where it has been recently. NSR continues to become more scarce.
May the rally proceed unimpeded!
In the interest of maintaining my impeccable honesty, I feel a disclaimer is in order that while it is our policy to sell $312 worth of NSR each day, we have been unable to sell NSR the last few days due to deposit problems at Poloniex. When the problem is resolved, we will catch up for the days we sold nothing with one larger NSR sale. Still, the average daily amount will be determined by the algorithm we have had in place with no increase in NSR sales due to the rally.