Supply, Reserves, and Equilibrium (superseded by automation)

[mhps]

Nushares buyback calculation as of Sat Jun 11 03:23:16 UTC 2016
blocks":913661
Total NBT = 1323825.9751

Uncirculating Nubits

• FSRT multisig
  Balance of BhCnQrYrA5LZm871dtMQEXeU93gmqbhdrC is 0 NBT
• FSRT singlesig
  Balance of BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi is 151500 NBT
• JordanLee singlesig
  Balance of B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj is 150000 NBT
• JordanLee singlesig from liquidity ops
  Balance of BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP is 64526.134 NBT
• FLOT 3-of-5 multisig
  Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 272302.0276 NBT
• Total parked Nubits is 162403.8419. They are not used in circulating nubits calculation for buyback purposes.

Total NBT in circulation is 685497.813500 NBT.

Tier 4 Funds

• Tier 4 buy side funds controlled by FLOT
  FLOT 5-of-8 multisig old
  Balance of 3QDWJ2yqJ5iTUg6cSpAwxx95ba3NG97hzG is 0 BTC
  FLOT 5-of-8 multisig new
  Balance of 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe is 25.74036791 BTC
• Tier 4 buy side funds controlled by JordanLee 0 BTC
• NuSafe has $0 for T4, and is not included for buyback pool calculation.
• FLOT 3-of-5 multisig Peercoin
  Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0 PPC

bitfinex BTC mid price is 586.415 USD
btc-e PPC average price is 0.000645 BTC

Tier 4 buy side funds 25.740368 BTC, 0.000000 PPC, and $0.000000, valued $15094.537848 (25.740368 BTC)

Of the 685497.813500 NBT in circulation, 685497.813500 - 0.000000(NuSafe) = 685497.813500 NBT are outstanding.

15.00 percent of outstanding Nubits, 102824.672025 NBT (175.344546 BTC), are reserved and excluded from the share buyback calculation.

25.740368 - 175.344546 = -149.604178 BTC (15094.537848 - 102824.672025 = -87730.134177 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -7.4802 BTC (~ -4386.51 NBT)

Standard < -2500: Sell 4386.51 NBT (7.4802 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.666667
PPC Standard is -3427.489068 NBT

Standard x F (-2924.337806) < -1000: Sell -2924.34 NBT (4.9868 BTC) amount of PPC next week.

[mhps]

Based on discussions here I suggest add “tangible net asset of Nu” in buyback calculation, defined as

(T3 and T4 reserve - outstanding NBT)

I changed ‘dynamic reserve’ to ‘T3 and T4 reserve’ above from what I suggested in past discussions, because the former is for calculating flow of BTC reserve in T4 only. Currently T3 is empty and there is no non-dynatmic reserve, so these two equal, however. @nagalim

[Nagalim]

Sure, whatever. I had issues with NuLagoonTube but it’s not T3 anymore, it’s T1, so whatever. I’d be down with extending to T3. Remember that T3 comes with it exchange default risk in addition to single sig risks. T4 only has FLOT risks. Also, T3 can be manipulated by anyone that holds a custodial address (albeit transparently).

[mhps]

I didn’t think about T3 when I added it above. I only thought its fund won’t hit the buy wall if Nu doesn’t want it to.

[mhps]

Nushares buyback calculation as of Sat Jun 18 00:50:34 UTC 2016
blocks":923345
Total NBT = 1323920.1665

Uncirculating Nubits

• FSRT multisig
  Balance of BhCnQrYrA5LZm871dtMQEXeU93gmqbhdrC is 0 NBT
• FSRT singlesig
  Balance of BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi is 151500 NBT
• JordanLee singlesig
  Balance of B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj is 150000 NBT
• JordanLee singlesig from liquidity ops
  Balance of BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP is 64526.134 NBT
• FLOT 3-of-5 multisig
  Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 293357.4886 NBT
• Total parked Nubits is 154680.149. They are not used in circulating nubits calculation for buyback purposes.

Total NBT in circulation is 664536.543900 NBT.

Tier 4 Funds

• Tier 4 buy side funds controlled by FLOT
  FLOT 5-of-8 multisig old
  Balance of 3QDWJ2yqJ5iTUg6cSpAwxx95ba3NG97hzG is 0 BTC
  FLOT 5-of-8 multisig new
  Balance of 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe is 25.74296065 BTC
• Tier 4 buy side funds controlled by JordanLee 0 BTC
• NuSafe has $0 for T4, and is not included for buyback pool calculation.
• FLOT 3-of-5 multisig Peercoin
  Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0 PPC

bitfinex BTC mid price is 740.875 USD
btc-e PPC average price is 0.000535 BTC

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $19072.315972 (25.742961 BTC)

Of the 664536.543900 NBT in circulation, 664536.543900 - 0.000000(NuSafe) = 664536.543900 NBT are outstanding.

15.00 percent of outstanding Nubits, 99680.481585 NBT (134.544264 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 134.544264 = -108.801303 BTC (19072.315972 - 99680.481585 = -80608.165613 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -5.4401 BTC (~ -4030.41 NBT)

Standard < -2500: Sell 4030.41 NBT (5.4401 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.666667
PPC Standard is -3322.682720 NBT

Standard x F (-2686.938854) < -1000: Sell -2686.94 NBT (3.6267 BTC) amount of PPC next week.

[mhps]

I believe there are abour 20k nbt in gateways which flot coulds recall. so the outstanding nbt should be about 640k.
@masterOfDisaster has i guess $9211 worth of btc including first nsr sales before he is gone. these fund is in his gateway buy side address placed at ~$0.1 by hand. the gateway is offline. So Nu actually has $28k in reserve.

[Cybnate]

11k in my Pybot gateway awaiting instructions from FLOT or an elected Chief.

There is also 16k - 4k (payment release 1) - 12k NBT in my control as part of the NuDroid contract. When shareholders wish to burn that and end the contract they can choose to do so. See my proposal here, but anyone can raise a motion.

[mhps]

11k in my Pybot gateway awaiting instructions from FLOT or an elected Chief.

is this BTdQH5QNHU1EHsbAxfbZfQpk9YRR8EDJfu address your gateway’s? my client reports that it has 3317usd on the buy side. are they in btc?

[Cybnate]

is this BTdQH5QNHU1EHsbAxfbZfQpk9YRR8EDJfu address your gateway’s? my client reports that it has 3317usd on the buy side. are they in btc?

No, it isn’t mine. The address refer to Nmei’s grant (NuRiver): [Passed] Increased HitBTC Liquidity
Not sure why they are reporting liquidity though. They shouldn’t.

[mhps]

@nmei , any comment re above?

[mhps]

Nushares buyback calculation as of Fri Jun 24 23:38:21 UTC 2016
blocks":933544
Total NBT = 1321484.2713

Uncirculating Nubits

• FSRT multisig
  Balance of BhCnQrYrA5LZm871dtMQEXeU93gmqbhdrC is 0 NBT
• FSRT singlesig
  Balance of BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi is 151500 NBT
• JordanLee singlesig
  Balance of B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj is 150000 NBT
• JordanLee singlesig from liquidity ops
  Balance of BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP is 64526.134 NBT
• FLOT 3-of-5 multisig
  Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 293357.4886 NBT
• Total parked Nubits is 154289.2067. They are not used in circulating nubits calculation for buyback purposes.

Total NBT in circulation is 662100.648700 NBT.

Tier 4 Funds

• Tier 4 buy side funds controlled by FLOT
  FLOT 5-of-8 multisig old
  Balance of 3QDWJ2yqJ5iTUg6cSpAwxx95ba3NG97hzG is 0 BTC
  FLOT 5-of-8 multisig new
  Balance of 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe is 25.74296065 BTC
• Tier 4 buy side funds controlled by JordanLee 0 BTC
• NuSafe has $0 for T4, and is not included for buyback pool calculation.
• FLOT 3-of-5 multisig Peercoin
  Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0 PPC

bitfinex BTC mid price is 660.685 USD
btc-e PPC average price is 0.00061 BTC

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $17007.987957 (25.742961 BTC)

Of the 662100.648700 NBT in circulation, 662100.648700 - 0.000000(NuSafe) = 662100.648700 NBT are outstanding.

15.00 percent of outstanding Nubits, 99315.097305 NBT (150.321405 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 150.321405 = -124.578444 BTC (17007.987957 - 99315.097305 = -82307.109348 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -6.2289 BTC (~ -4115.36 NBT)

Standard < -2500: Sell 4115.36 NBT (6.2289 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.666667
PPC Standard is -3310.503244 NBT

Standard x F (-2743.570312) < -1000: Sell -2743.57 NBT (4.1526 BTC) amount of PPC next week.

[mhps]

Nushares buyback calculation as of Sat Jul 2 00:31:13 UTC 2016
blocks":945777
Total NBT = 1321312.3743

Uncirculating Nubits

• FSRT multisig
  Balance of BhCnQrYrA5LZm871dtMQEXeU93gmqbhdrC is 0 NBT
• FSRT singlesig
  Balance of BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi is 151500 NBT
• JordanLee singlesig
  Balance of B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj is 150000 NBT
• JordanLee singlesig from liquidity ops
  Balance of BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP is 64526.134 NBT
• FLOT 3-of-5 multisig
  Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 293357.4886 NBT
• Total parked Nubits is 136237.9558. They are not used in circulating nubits calculation for buyback purposes.

Total NBT in circulation is 661928.751700 NBT.

Tier 4 Funds

• Tier 4 buy side funds controlled by FLOT
  FLOT 5-of-8 multisig old
  Balance of 3QDWJ2yqJ5iTUg6cSpAwxx95ba3NG97hzG is 0 BTC
  FLOT 5-of-8 multisig new
  Balance of 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe is 25.74296065 BTC
• Tier 4 buy side funds controlled by JordanLee 0 BTC
• NuSafe has $0 for T4, and is not included for buyback pool calculation.
• FLOT 3-of-5 multisig Peercoin
  Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0 PPC

bitfinex BTC mid price is 676.73 USD
btc-e PPC average price is 0.00063 BTC

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $17421.033761 (25.742961 BTC)

Of the 661928.751700 NBT in circulation, 661928.751700 - 0.000000(NuSafe) = 661928.751700 NBT are outstanding.

15.00 percent of outstanding Nubits, 99289.312755 NBT (146.719242 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 146.719242 = -120.976282 BTC (17421.033761 - 99289.312755 = -81868.278994 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -6.0488 BTC (~ -4093.41 NBT)

Standard < -2500: Sell 4093.41 NBT (6.0488 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.666667
PPC Standard is -3309.643759 NBT

Standard x F (-2728.942633) < -1000: Sell -2728.94 NBT (4.0325 BTC) amount of PPC next week.

[mhps]

661928.751700 NBT are outstanding.

Because @jooize just burned nbt from last week’s auction, noy

649989.073700 NBT are outstanding.

[mhps]

Nushares buyback calculation as of Sat Jul 9 01:15:10 UTC 2016
Get moneysupply from nud
"blocks" : 956778,
Total NBT = 1308057.1517

Uncirculating Nubits

• FSRT multisig
  Balance of BhCnQrYrA5LZm871dtMQEXeU93gmqbhdrC is 0 NBT
• FSRT singlesig
  Balance of BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi is 151500 NBT
• JordanLee singlesig
  Balance of B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj is 150000 NBT
• JordanLee singlesig from liquidity ops
  Balance of BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP is 64526.134 NBT
• FLOT 3-of-5 multisig
  Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 293357.4886 NBT
• Total parked Nubits is 113307.0008. They are not used in circulating nubits calculation for buyback purposes.

Total NBT in circulation is 648673.529100 NBT.

Tier 4 Funds

• Tier 4 buy side funds controlled by FLOT
  FLOT 5-of-8 multisig old
  Balance of 3QDWJ2yqJ5iTUg6cSpAwxx95ba3NG97hzG is 0 BTC
  FLOT 5-of-8 multisig new
  Balance of 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe is 25.74296065 BTC
• Tier 4 buy side funds controlled by JordanLee 0 BTC
• NuSafe has $0 for T4, and is not included for buyback pool calculation.
• FLOT 3-of-5 multisig Peercoin
  Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0 PPC

bitfinex BTC mid price is 660.005 USD
btc-e PPC average price is 0.000605 BTC

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $16990.482744 (25.742961 BTC)

Of the 648673.529100 NBT in circulation, 648673.529100 - 0.000000(NuSafe) = 648673.529100 NBT are outstanding.

15.00 percent of outstanding Nubits, 97301.029365 NBT (147.424685 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 147.424685 = -121.681725 BTC (16990.482744 - 97301.029365 = -80310.546621 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -6.0841 BTC (~ -4015.53 NBT)

Standard < -2500: Sell 4015.53 NBT (6.0841 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.666667
PPC Standard is -3243.367646 NBT

Standard x F (-2677.018221) < -1000: Sell -2677.02 NBT (4.0561 BTC) amount of PPC next week.

[mhps]

v0.10 use 100% reserve. show NBT price. Standard is much higher.

Nushares buyback calculation as of Sat Jul 16 00:01:04 UTC 2016
blocks":966583
Total NBT = 1271469.0029

Uncirculating Nubits

• FSRT multisig
  Balance of BhCnQrYrA5LZm871dtMQEXeU93gmqbhdrC is 0 NBT
• FSRT singlesig
  Balance of BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi is 151500 NBT
• JordanLee singlesig
  Balance of B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj is 150000 NBT
• JordanLee singlesig from liquidity ops
  Balance of BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP is 64526.134 NBT
• FLOT 3-of-5 multisig
  Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 293357.4886 NBT
• Total parked Nubits is 112075.1172. They are not used in circulating nubits calculation for buyback purposes.

Total NBT in circulation is 612085.380300 NBT.

Tier 4 Funds

• Tier 4 buy side funds controlled by FLOT
  FLOT 5-of-8 multisig old
  Balance of 3QDWJ2yqJ5iTUg6cSpAwxx95ba3NG97hzG is 0 BTC
  FLOT 5-of-8 multisig new
  Balance of 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe is 25.74296065 BTC
• Tier 4 buy side funds controlled by JordanLee 0 BTC
• NuSafe has $0 for T4, and is not included for buyback pool calculation.
• FLOT 3-of-5 multisig Peercoin
  Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0 PPC

bitfinex BTC mid price is 665.52 USD
btc-e PPC average price is 0.000625 BTC
Poloniex NBT/BTC 0.00127939 $ 0.85146
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $17132.455172 (25.742961 BTC)

Of the 612085.380300 NBT in circulation, 612085.380300 - 0.000000(NuSafe) = 612085.380300 NBT are outstanding.

100.00 percent of outstanding Nubits, 612085.380300 NBT (919.709972 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 919.709972 = -893.967011 BTC (17132.455172 - 612085.380300 = -594952.925128 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -44.6984 BTC (~ -29747.65 NBT)

Standard < -2500: Sell 29747.65 NBT (44.6984 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -3060.426901 NBT

Standard x F (-2974.764626) < -1000: Sell -2974.76 NBT (4.4698 BTC) amount of PPC next week.

[Sabreiib]

v0.10 use 100% reserve.

How could you maintain 100% reserve when BTC price volatile? perhaps fluctuates around 50-150%.

[mhps]

How could you maintain 100% reserve

by doing this according to Standard and Core and the 100% reserve motion :

Sell 29747.65 NBT (44.6984 BTC) amount of NSR next week.

Although how to sell that much (although 5% of shortage) without disturbing the market is a problem

[Phoenix]

@jooize and I are discussing details of how to implement an NSR sale plan that is compliant with the latest calculation. You will hear more from us soon.

However, it is reasonable and prudent to slow down the rate of NSR sales once the normal peg is recovered. This requires a passed motion to change, and I intend to advance a motion to do so, although I have not formulated the details of that yet.

This week’s required NSR sales are similar to what was actually sold over the past couple of weeks, so we will continue sales at about the same pace as they have been. Once peg is reached, I intend to lower the quantity of sales.

[mhps]

Nushares buyback calculation as of Sat Jul 23 00:17:59 UTC 2016
blocks":976515
Total NBT = 1271771.6552

Uncirculating Nubits

• FSRT multisig
  Balance of BhCnQrYrA5LZm871dtMQEXeU93gmqbhdrC is 0 NBT
• FSRT singlesig
  Balance of BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi is 151500 NBT
• JordanLee singlesig
  Balance of B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj is 150000 NBT
• JordanLee singlesig from liquidity ops
  Balance of BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP is 64526.134 NBT
• FLOT 3-of-5 multisig
  Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
• Total parked Nubits is 102047.1101. They are not used in circulating nubits calculation for buyback purposes.

Total NBT in circulation is 602388.032600 NBT.

Tier 4 Funds

• Tier 4 buy side funds controlled by FLOT
  FLOT 5-of-8 multisig old
  Balance of 3QDWJ2yqJ5iTUg6cSpAwxx95ba3NG97hzG is 0 BTC
  FLOT 5-of-8 multisig new
  Balance of 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe is 25.74296065 BTC
• Tier 4 buy side funds controlled by JordanLee 0 BTC
• NuSafe has $0 for T4, and is not included for buyback pool calculation.
• FLOT 3-of-5 multisig Peercoin
  Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0 PPC

bitfinex BTC mid price is 649.165 USD
btc-e PPC average price is 0.000675 BTC
Poloniex NBT/BTC 0.00120000 $ 0.778998
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $16711.429050 (25.742961 BTC)

Of the 602388.032600 NBT in circulation, 602388.032600 - 0.000000(NuSafe) = 602388.032600 NBT are outstanding.

100.00 percent of outstanding Nubits, 602388.032600 NBT (927.942869 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 927.942869 = -902.199908 BTC (16711.429050 - 602388.032600 = -585676.603550 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -45.1100 BTC (~ -29283.83 NBT)

Standard < -2500: Sell 29283.83 NBT (45.1100 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -3011.940163 NBT

Standard x F (-2928.383018) < -1000: Sell -2928.38 NBT (4.5110 BTC) amount of PPC next week.

[cryptog]

Any idea about how many NSR we have in circulation right now?