NSR Buyback #8 - Week of November 16, 2015

Wednesday, November 18, 2015

Beginning amount of buyback funds: 38.6 BTC (12 BTC on Poloniex, 26.6 BTC on BTER)

Market price: 0.00001541 BTC

Buyback price: 0.00001387 BTC (90% of market price)

Exchanges: Poloniex & BTER

Buy walls are set.

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Check out the comments in Chinese:
NSR第8周回购,38.6 BTC买墙!12 BTC在Poloniex,26.6 BTC在bter

On the off chance someone else doesn’t read Chinese. :grinning:


This kind of things should not be advertised outside the community.
In general, users are not likely to understand it. If someone wants this kind of “advanced” info then search the forum or the official website resources.

We are not educating people, we offer a stable cryptocurrency.

[quote=“miner, post:9, topic:3052”]
Check out the comments in Chinese:

[/quote]NSR第8周回购,38.6 BTC买墙!12 BTC在Poloniex,26.6 BTC在bter

nice find :grin:

you can also use chrome and right click translate too English it does it instant real time its very useful in Chinese trollbox as well and many other languages :stuck_out_tongue:

Thursday, November 19, 2015

Beginning amount of buyback funds: 38.6 BTC (12 BTC on Poloniex, 26.6 BTC on BTER)

Market price: 0.00001660 BTC

Buyback price: 0.00001660 BTC

Exchanges: Poloniex & BTER

Buy walls are set.

1 Like

It’s actually an x-post by the Nu fans. Chinese are more comfortable sharing information in native language.Besides the thread contains link to the source.

How do you think BitShares will react if we pass them in market cap?

Probably the same way they react to any competition; ignore it outright or downplay it.

I am not clear about their response. IMO market cap ranking is not that important and it’s a free market and things are always changing.

Bitshare only had one thing going for them * bitshare 2.0 wallet hype now they don’t have nothing Nushare as the hole nubits community behind with weekly Buybacks Burning process new wallets coming out and will soon be divided 10,000 among other things dividends/ buybacks / transparency / BCExchange / ect


If that occurs, I won’t be expecting a congratulations. Their blog attacks and public comments previously coincided with a NSR price increase and there’s no reason to think they’ve learned better.

Achieving the number one crypoequity spot would be a great accomplishment for NuShares, but I doubt it would be permanent in the short-term. There is likely to be a rivalry between BitShares and NuShares for awhile, even if we’re the only ones with a working product. So, I hope we’ll all be polite and continue focusing on building our network. The competition is a lot of fun.

I’m expecting more resistance in the price of NSR as we approach $0.0070 to $0.0100, as shareholders take profits. Those shareholders who believe our current surge in demand is temporary may sell some NSR too, with the hopes of buying at lower prices in the future. $0.01 would still place us just below BitShares, so it may be difficult to roar past their market cap.


Friday, November 20, 2015

The buyback motion states:

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%.

Thursday’s market price of 0.00001660 BTC means that the maximum buyback price for Friday is 0.00002490 BTC.

We have completed our BTC purchases this week on both Poloniex and BTER. The maximum price paid on Poloniex was 0.00001837 BTC and the maximum price paid on BTER was 0.00001865 BTC.

All 1,432,031 NSR were withdrawn from BTER.

339,998 NSR were withdrawn from Poloniex. 318,019 NSR remain on Poloniex. We expect it will take 24-48 hours to withdraw the remaining NSR from Poloniex.

Once all NSR are withdrawn the burn will be executed and details provided in this thread.

Note that there are now many more sell orders on Poloniex and BTER. If you are looking to sell your NSR for BTC you should place orders as soon as possible, because more sellers are entering the market.


I’m just looking forward to hopefully being included in the conversation more often. I’m sick of going on Reddit and seeing people list off BitShares and Ethereum as the things to get excited about and completely ignoring NuShares. Hopefully as we move around the same market cap level, people will begin to take more notice of us and find us worth putting more time in for researching.

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Investors should always be aware of the parameters interest, risk and liquidity and know that they can’t maximize all of them at the same time!
Others might differ, but an endeavour like Nu starts with high risk, high interest, but low liquidity.
The buybacks induce some liquidity and some NSR holders might take the chance to reduce their investment.

But looking at the prospect of Nu, the more and more refined liquidity operations, FLOT being formed, new products being prepared, entry and exit gateways as a means to inject big amounts in little time to markets, B&C Exchange creating additional demand for NBT, it doesn’t look bad for Nu.
Adding the successfully kept peg for more than one year and marketing on places like “The Daily Decrypt” to the equation makes me think that sellers might repent their choice quite soon.
Nu is in a better shape than ever!

The hype around BitShares can be doubted, but the project is ambitious. And Ethereum is a very intriguing project. I don’t wonder why they get a lot of attention so there’s in my opinion nothing to be mad about, although I consider both projects too complex.
I agree it’s strange that Nu gets ignored (almost) completely!
The benefit of that is that you can get more NSR at reasonable prices if you want to buy :wink:

The inner workings of Nu seem to be complex if you try to understand all the connections and relations of functional units and how they are tied to each other: ALP server/bot, NuBot, the layered liquidity model, grants, liquidity providers, FSRT, FLOT, etc. (just to name some important ones).

In an abstract view it’s simple: Nu contracts and expands units in circulation to keep them pegged. Full stop.

And the better Nu’s operational model sticks to a layered model in which the layers are connected by defined interfaces/gateways, the easier it can be understood, maintained, advertized.
The OSI model shows how this can be done for networks. Something similar is already available for Nu and its “liquidity network” (the tiered liquidity model and interpretations of it).
It just needs to be defined a little bit better and explained in easy words.
Then Nu can be understood completely with even less effort!

For some people it’s important to have a sufficient understanding about how things work, before they want to get involved in them or even invest money in them.
I believe, this kind of people will easier be attracted by Nu than by BitShares or Ethereum.
The business model of Nu is comparably simple!

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Thanks for reporting it!
The clipboard of my device was very hungry and ate all the links.
Unfortunately it was too much for that little thing and so it needed to pray to the porcelain god.

ninjaedit: your post either disappeared or I’m going nuts!

Oops, now it looks like you’re talking to yourself. :smiley:

1 Like

Ok, I surrender. My mind is playing tricks to me… :stuck_out_tongue_winking_eye:
Maybe we should continue via private message or in a new thread - this is going to spam the thread…

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NSR Buyback #8 is complete. 2,090,046 NSR were burned.

Debit: 0.00 NSR
Credit: 0.00 NSR
Transaction fee: -2090046.00 NSR
Net amount: -2090046.00 NSR
Transaction ID: 77141699e98ac9efe978f37f139b67ca84e747b1b72791b2e488c335587df649

We have burned 13,075,289 NSR since buybacks began. The current supply is 827,777,459 NSR.

64.3 BTC worth 20,710 USD will be used for NSR Buyback #8 next week.