Supply, Reserves, and Equilibrium (superseded by automation)

[JordanLee]

There are 59.8 shareholder BTC in my possession.

[mhps]

change log
v0.5.2 keep 4 digits after decimal in buyback BTC amount; update Jordan Lee’s T4 BTC holdings

output

Nushares buyback calculation. As of Sat Mar 19 00:19:05 UTC 2016
"blocks" : 794198,
Total NBT = 1278554.9412

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 36553.054 NBT
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 148964.3216 NBT

Total NBT in circulation is 791537.565600 NBT.
Required 15% reserve is 118730.634840 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 157.18102541 BTC
Tier 4 buy side funds controlled by JordanLee 59.8 BTC
NuSafe has $30000 for T4

bitfinex mid price is 407.625 USD
Tier 4 buy side funds total 216.981025 BTC and $30000.000000, valued $118446.890483 (290.578082 BTC)

118730.634840 NBT excluded from the share buyback calculation equals 291.274173 BTC.
290.578082 - 291.274173 = -0.696092 BTC sits in the share buyback pool.
10 percent of this -0.0696 BTC will be used for share buyback next week.
That is equivalent to approximately $-28.374436.

[Nagalim]

How did we lose 25 btc if circulating nbt grew? Is it in gateways?

Edit: basically, yes, it’s in MoD’s gateway.

[mhps]

How

There are 59.8 shareholder BTC in my possession.

that is 25btc less than

I currently hold 84.8 BTC on behalf of shareholders.

[nikolaso]

so what does this mean? will there be any buyback this week?

[Nagalim]

No, buybacks probably wont happen for a while. Hopefully the btc reserve motion will pass, we’ll go into the negative, the ppc reserve motion will activate, and as nbt demand grows we’ll start buying ppc. Im guessing we wont see another buyback till B&C drives up nbt demand sharply.

[mhps]

Im guessing we wont see another buyback till B&C drives up nbt demand sharply.

It’s anyone’s guess that BTC won’t suffer a slump in price at anytime in the future. PPC reserve only amounts to $40k . If could take less than a day to sell that much new nbt.

[nikolaso]

is there any chance for nubits peg to be broken??

[Nagalim]

Yah but $40k ppc and $30k nusafe is like 75% of our current btc reserves. Just for perspective, to get the 25k surplus needed to perform a buyback (assuming full ppc reserve) we’d need to basically double our current btc reserves.

The peg is fine, we still have 0% park rates.

[mhps]

Nushares buyback calculation as of Sat Mar 26 09:17:22 UTC 2016
"blocks" : 804263,
Total NBT = 1280299.0827

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 36553.054 NBT
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 136964.2816 NBT

Total NBT in circulation is 805281.747100 NBT.
Required 15% reserve is 120792.262065 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 181.67397541 BTC
Tier 4 buy side funds controlled by JordanLee 59.8 BTC
NuSafe has $30000 for T4

bitfinex mid price is 416.625 USD
Tier 4 buy side funds total 241.473975 BTC and $30000.000000, valued $130604.095005 (313.481176 BTC)

120792.262065 NBT excluded from the share buyback calculation equals 289.930422 BTC.
313.481176 - 289.930422 = 23.550754 BTC sits in the share buyback pool.
10 percent of this 2.3551 BTC will be used for share buyback next week.
That is equivalent to approximately $981.18.

[zoro]

0% park rates

guess again. We already have a lot of “parked” US-NBT in NU Lagoon

[Nagalim]

$981.18

This is the standard. We are in the ‘ideal region’. However, i expect the btc reserve motion will pass very soon and we may find ourselves in the danger zone next week. Still keep your hands hovering over that park rate button.

[Nagalim]

Just to head this off at the pass (sorry i am not doing the calculation myself):

NuSafe is no longer a part of the calculation, and should essentially be ignored this week.

The buyback velocity is decreased to 5% from 10%. As a side note, his will also decrease the perceived negative standard should the buyback be negative. This will influence park rate decisions.

If the buyback amount exceeds $1000, it will be used to buy ppc.

If the buyback amount also exceeds $2500, it will also be used to buy nsr (totaling 10% used)

[mhps]

NuSafe is no longer a part of the calculation, and should essentially be ignored this week.

I am sync’ing the client to do the calculation. Can you quote relevant part in passed motions for changes to be made in the calculation?

[Nagalim]

[Passed] Peercoin FLOT Reserve

The velocity of the NSR buyback specified in motion 7b4955e91781e0e32f1e0c0c974fd4a7a9f972a3 will be reduced to 5% of the BTC overflow and limited to a minimum of $2,500 equivalent (below which the NSR buyback will be skipped for the week). Another 5% of the BTC overflow will be used to purchase PPC to place in the multisig account.

The $1000 standard actually isn’t explicitly stated like i thought (it is mentioned in ppc overflow but nit btc overflow). Seems like the ppc buy threshold is at FLOT discretion. I’ll be sure to add it to the comprehensive upper tier motion.

As for NuSafe:

[Passed] Bitcoin Reserve

Explicitly, NuSafe is held in addition to the Bitcoin reserve rather than instead of.

[mhps]

buyback calculation
change log
v0.6 NuSafe not counted in for buyback calculation [Passed] Bitcoin Reserve

output

Nushares buyback calculation as of Sat Apr 2 04:18:39 UTC 2016
"blocks" : 812866,
Total NBT = 1290855.8328

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 36553.054 NBT
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 146964.2816 NBT

Total NBT in circulation is 805838.497200 NBT.
Required 15% reserve is 120875.774580 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 187.17377541 BTC
Tier 4 buy side funds controlled by JordanLee 59.8 BTC
NuSafe has $30000 for T4, but not included for buyback calculation.

bitfinex mid price is 419.97 USD
Tier 4 buy side funds total 246.973775 BTC and $30000.000000, valued $133721.576459 (318.407449 BTC)

120875.774580 NBT plus NuSafe are excluded from the share buyback calculation (359.253696 BTC).
318.407449 - 359.253696 = -40.846246 BTC sits in the share buyback pool.
10 percent of this -4.0846 BTC will be used for share buyback next week.
That is equivalent to approximately $-1715.42.

---

source code will be posted later or put on github.

[Nagalim]

10 percent of this -4.0846 BTC will be used for share buyback next week.That is equivalent to approximately $-1715.42.

5%. The standard should be $-857.71.

[mhps]

Nushares buyback calculation v0.7
mhps 2016
change log
v0.7 implementPPC reserve and BTC reserve percentage [Passed] Peercoin FLOT Reserve and [Passed] Bitcoin Reserve

Output
Nushares buyback calculation as of Sun Apr 3 06:04:21 UTC 2016
"blocks" : 813542,
Total NBT = 1290855.2911

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 36553.054 NBT
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 134764.2616 NBT

Total NBT in circulation is 818037.975500 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 187.17377541 BTC
Tier 4 buy side funds controlled by JordanLee 59.8 BTC
NuSafe has $30000 for T4, but not included for buyback calculation.
FLOT 3-of-5 multisig Peercoin
Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0 PPC

bitfinex BTC mid price is 419.235 USD
btc-e PPC average price is 0.0011 BTC

Tier 4 buy side funds total 246.973775 BTC, 0.000000 PPC, and $30000.000000, valued $133540.050734 (318.532686 BTC)

Of the 818037.975500 NBT in circulation, 15.00 percent (122705.696325 NBT) plus NuSafe are reserved and excluded from the share buyback calculation (364.248444 BTC).

318.532686 - 364.248444 = -45.715757 BTC in the share buyback pool.
The standard is 5.00 percent of this, -2.2858 BTC (equivalent to approximately -958.28 USD)

Pool is not positive. There will be no NSR buyback or PPC reserve filling next week.

[mhps]

output

Nushares buyback calculation as of Sat Apr 9 01:16:10 UTC 2016
"blocks" : 823245,
Total NBT = 1290850.6709

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 36553.054 NBT
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 132764.2436 NBT

Total NBT in circulation is 820033.373300 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 187.17377541 BTC
Tier 4 buy side funds controlled by JordanLee 59.8 BTC
NuSafe has $30000 for T4, but not included for buyback calculation.
FLOT 3-of-5 multisig Peercoin
Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0.89 PPC

bitfinex BTC mid price is 415.105 USD
btc-e PPC average price is 0.001035 BTC

Tier 4 buy side funds total 246.973775 BTC, 0.890000 PPC, and $30000.000000, valued $132520.431416 (319.245568 BTC)

Of the 820033.373300 NBT in circulation, 15.00 percent (123005.005995 NBT) plus NuSafe are reserved and excluded from the share buyback calculation (368.593503 BTC).

319.245568 - 368.593503 = -49.347935 BTC in the share buyback pool.
The Standard is 5.00 percent of this, -2.4674 BTC (~ -1024.23 USD)

Pool is not positive. There will be no NSR buyback or PPC reserve filling next week.

[mhps]

I will be trveling from Friday noon to Saturday noon-ish. current calculation gives

260.730841 - 350.696858 = -89.966018 BTC in the share buyback pool.
The Standard is 5.00 percent of this, -4.4983 BTC (~ -1920.80 USD)

We should seriously think about replenishing the dynamic reserve, which is 25% empty.

formal calculation will be done on Sat as early as possible.