Wall Observer - NuShares price movement tracking & discussion


#447

Right now some of the profits is being distributed as dividends though buybacks.


#448

That is one strategy.
Another strategy: the cyclical pump and dump
Another one: positing that nu becomes quite gigantic on the very long term (like several decades) , and working proactively for it, selling every once in a while a bunch of shares to the market (like every 5 years )


#449

I think this is fine though as it’s important to strengthen our NuShares market cap in the event of a huge drop in NuBits demand. With NSR buybacks, the money stays within the network in the form of increased scarcity of NuShares, as opposed to the money completely leaving the system as dividends in the form of an external asset like Peercoin. I think real dividends should only start once we’re in a better position when it comes to adoption and the number of daily transactions. Allowing the profit to leave the system before then is potentially dangerous and unsustainable.


#450

Do you know how much of a technical undertaking it will be?


#451

The most important and difficult part will be getting exchanges on board. We should put it in Nu 2.1 and have it activate at a block like 6 months in the future.


#452

At the moment there’s only two exchanges that have any real NBT volume, how hard could it be to contact them?


#453

Jordan Lee commented on this a few months ago:


#454

I wonder if we can code in some sort of mortorium for non-minting NSR transactions on the NSR part of the blockchain for a period of of 2 weeks, and 1 week into the moratorium is when the decimal point is moved.


#455

$ 0.002999 (-10.62 %)
0.00000801 BTC (-10.66 %)


#456

$ 0.002718 (-11.94 %)
0.00000726 BTC (-11.93 %)
https://poloniex.com/exchange#btc_nsr


#457

No buy support… there is literally 2 BTC on the buy side on Polo.


#459

Hmm… looks like ~20 BTC currently (~$8k USD)


#460

$ 0.003350 (+16.03 %)
0.00000798 BTC (+16.27 %)
Cause this thread is always so cynical.


#461

$ 0.002630 (-2.03 %)
0.00000602 BTC (-4.51 %)

new lower


#462

Who is selling and for what purpose? In any opportunity to buy


#463

$ 0.002385 (-15.60 %)
0.00000583 BTC (-12.69 %)

will buy some


#464

Someone dumped 4.7M NSR. Hope these shares either stay in circulation to increase NSR liquidity, or go minting.


#465

NSR price stayed remarkably stable.


#466

This panick sold perhaps because of this:

from USD walls only?


#467

Meh, i doubt it. Probably someone concerned about Nu bankruptcy, sure, but i doubt it’s due to that post individually. Like @mhps said, I hope this increases our mint difficulty and voting rates.

Damn, someone really wants out.