Each time the NSR price dropped, after it was clear that NSR would be sold.
It’s precisely the anticipation of dilution that caused it.
Without revenue, you can’t sustain your business.
There will be no demand in the future, because there will be no belief, that NBT can be stable.
Most of all you need revenue.
I’ve had a look at Poloniex, which seems to be the major market for NSR.
There are over 3 million NSR below 0.0000013 for sale at the moment.
This will indeed create problems for the auction.
Maybe the minimum bid price created a price ceiling, which sellers at Poloniex undercut?
If the auctions ends with NSR left, maybe the next auction foregoes the minimum price and prevents such a ceiling from being formed?
Both defining/announcing such a minimum bid price and auctioning without it have risks.
You need to choose the one that seems most appropriate.
The chances for the auction aren’t as bad as they seem.
Payment is in NBT and NBT is at approximately $0.30 at the moment.
Bidding in the auction can be cheaper than buying with BTC at Poloniex.