This account will be conducting NSR buybacks in accordance with this motion. Each buyback week a new thread will be created for shareholders to monitor. At the conclusion of the week the final results will be posted here along with a confirmation link showing the NSR burn. The thread will then be locked.
The only goal of this account is to purchase as many NSR as possible each buyback week to be destroyed using the funds provided by shareholders. A successful NSR burn will result in all shareholders attaining a larger equity percentage of the Nu network than they held before the NSR burn.
If you would like to sell us your personal NSR for less than 70% of the market price each week, send an email to nagalimnu@gmail.com to negotiate a deal.
Im randomizing it some by dice roll. UTC is only mentioned in the motion in reference to friday and the buyback calculation, near as i can tell. If shareholders feel this is abuse, it’s no big deal to make sure i do it after midnight UTC.
Will Nagalim have time to randomize it on Friday before the buy walls on Bter and Polo are sold into completely before NSRBuyback can buy into the asks?
Isn’t it better for Nu, if the buybacks (price calculation and placement) are randomized to some degree?
I can think if ways to game a predictable wall placement, but have a hard time doing so for randomized placements.
1.5 BTC already gone on bter and 1.1 BTC at Poloniex:
I wonder whether the walls are gone before tomorrow.
If Nu could show something in the past days, it was for sure that it has damn well products, US-NBT being only its first
$100k trading volume at Poloniex, place 6 of all traded cryptos in the Poloniex overview:
Nah, friday i take down the walls and rearrange funds between the exchanges, then buy at the time ive predetermined randomly. I took down the walls a couple hours ago.
“If any excess funds remain on Friday they will be used to purchase NSR from the sell wall on Poloniex, up to a maximum of Thursday’s market price plus 50%.”
We started using bter in addition to poloniex, so while using bter goes against the explicit terms of the motion, i feel @tomjoad achieved a sense of shareholder consent for doing buynacks on bter.
