Tuesday, January 19, 2016
Beginning amount of buyback funds: 24 BTC (12 BTC on Poloniex, 12 BTC on BTER)
Market price: 0.0000085 BTC
Buyback price: 0.0000068 BTC (80% of market price)
Exchanges: Poloniex & BTER
Buy walls are set.
Wednesday, January 20, 2016
Market price: 0.00000835 BTC
Buyback price: 0.00000751 BTC (90% of market price)
this wall was set before Jan 20 UTC.
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.
Correct – But it is fair to assume that used time should be UTC, unless mentioned otherwise.
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?
0 voters
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.
Thursday, January 21, 2016
Market price: 0.0000088 BTC
Buyback price: 0.0000088 BTC (100% of market price)
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:
…and the peg is fine…
Poloniex NSR wall from the buyback is gone, but another one appeared at 751 Satoshis:
Bter’s wall is barely touched:
Has the buyback been completed?
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.
So what are the terms that should be applied for this week’s buyback? I am confused.
At some point today ill buy a bunch of nsr and burn them.
Is that according to the applicable motion? Could you provide me with a link?
There is a link in the OP
“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.
Ok and now you will purchase NSR step by step during the day or will you do it like Tomjoad, buying up into a certain wall in one move?
no 150% buyback today？
It seems not…
This is still true two hours later. Please be patient.
