I currently hold 84.8 BTC on behalf of shareholders.
Can you confirm that the Nubits from the transactionare in B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj ?
According to NuLagoon Tube, it was sent to this address and is still there:
http://blockexplorer.nu/address/BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP/1/newest
It’s OK then.
change log
v 0.5.1 update Jordan Lee’s T4 BTC holdings
output
As of Sat Mar 12 01:42:02 UTC 2016
"blocks" : 783917,
Total NBT = 1278560.2779
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 150964.3416 NBT
Total NBT in circulation is 789542.882300 NBT.
Required 15% reserve is 118431.432345 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 84.8 BTC
NuSafe has $30000 for T4
bitfinex mid price is 421.405 USD
Tier 4 buy side funds total 241.981025 BTC and $30000.000000, valued $131972.014013 (313.171448 BTC)
118431.432345 NBT excluded from the share buyback calculation equals 281.039457 BTC.
313.171448 - 281.039457 = 32.131991 BTC sits in the share buyback pool.
10 percent of this 3.213199 BTC will be used for share buyback next week.
That is equivalent to approximately $1354.058167.
3 Likes
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.
How did we lose 25 btc if circulating nbt grew? Is it in gateways?
Edit: basically, yes, it’s in MoD’s gateway.
that is 25btc less than
so what does this mean? will there be any buyback this week?
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.
1 Like
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.
is there any chance for nubits peg to be broken??
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.
1 Like
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.
3 Likes
guess again. We already have a lot of “parked” US-NBT in NU Lagoon 
1 Like
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.
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)
1 Like
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?
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:
1 Like
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.
3 Likes