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.
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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.
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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)
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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
5%. The standard should be $-857.71.
1 Like
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.
4 Likes
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.
3 Likes
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.
2 Likes
It would be good to have a formal approval for that by seeing this motion [Voting] T4 buy side / BTC - maintaining and refilling value pass 50% or even better this motion: [Passed] Standard and Core
If the situation gets dire, the FLOT NSR team can inititate the sale of NSR to replenish the dynamic reserves.
Why are shareholders not voting for park rates?
Maybe they prefer a permanent removal of NBT (by NSR sale) to a temporary removal of NBT (by offering park rates)?
Why? Is there some reason nbt demand has lowered and will not increase again in the short term? Btc is going up. We just need to cover the demand recession while the price changes, then we get our dues again when the price crashes again. In the mean time, just set a few park rates so we dont get slaughtered on the nsr market.
1 Like