NuShares price discussion

[Nagalim]

All y'all NSR holders should start minting and vote for my motion:
https://discuss.nubits.com/t/voting-t4-circulating-nbt-threshold/3039

[Ander]

Is Nushares connected with Bitshares in anyway?

No they are competitors.  Back when Nushares launched Bytemaster posted a blog post calling it a ponzi scheme.

[Marketorder]

Is Nushares connected with Bitshares in anyway?   

[wallace]

Buy backs are irresponsible for young businesses.

BM made an important point when he stated the difference between decentralized and centralized businesses is that centralized structures were more often trusted and legal. This also has implications for shareholders and how they value a decentralized business. (They are less trusted and there is less legal fall-back.)

We are put in a situation of competing head-to-head with centralized exchanges which are trusted, fast, and legal. 

Limited buybacks & dividends are a great way of increasing confidence among shareholders in a young decentralized business.  (As opposed to concerns over constant dilution/conflicts of interest/overcharging/CNX piggy-bank/14 month share decline - leading some to question if there will ever be profits and if there are will CNX just find a way to divert them to 'development' for the foreseeable future. )

The second benefit to buybacks for a decentralized business at this point in time is a marketing one. There is a limited amount of capital looking to invest in this area and a lot of competitors. Rising in the rankings is a great way to gain increased exposure, attention & as a result potential investment.

I am in favor on BTS buyback for 2 reasons. For one, people may be feeling better paying 0.1 BTS in fees than 40BTS. That's just psychological. Secondly, it makes current shareholders happy. Finally, for marketing purposes it can else increase exposure.

I have yet to look at the downside.

Buybacks are awesome. The thing is that you need money for buybacks.  Here in BTS land, everyone is completely broke.

NSR on the other hand apparently has shit tons of cash and is giving it away like candy. 

I am really sad that I only got about 2.5 btc worth of NSR for decent prices (sub 1500) this weekend before it shot up again.  The buywalls is even larger this week, its crazy.

what are you talking about? Buybacks

We here at BTS do not believe in buybacks - we believe in:

 - inflating the BTS - it is called blockchain self funding, mind you - generally we take the inflated amount and dump it on the already thin market!

- taking the money and providing no warranty on the product -  if something is broken we do not care, we are still great devs and we did not promise it will work.

- keeping the intellectual rights, so we can sell it to someone else.

- solid economic reasoning - if we do not milk the BTS, somebody else will.

BTS is a well, the water will never end!

[tonyk]

Buy backs are irresponsible for young businesses.

BM made an important point when he stated the difference between decentralized and centralized businesses is that centralized structures were more often trusted and legal. This also has implications for shareholders and how they value a decentralized business. (They are less trusted and there is less legal fall-back.)

We are put in a situation of competing head-to-head with centralized exchanges which are trusted, fast, and legal. 

Limited buybacks & dividends are a great way of increasing confidence among shareholders in a young decentralized business.  (As opposed to concerns over constant dilution/conflicts of interest/overcharging/CNX piggy-bank/14 month share decline - leading some to question if there will ever be profits and if there are will CNX just find a way to divert them to 'development' for the foreseeable future. )

The second benefit to buybacks for a decentralized business at this point in time is a marketing one. There is a limited amount of capital looking to invest in this area and a lot of competitors. Rising in the rankings is a great way to gain increased exposure, attention & as a result potential investment.

I am in favor on BTS buyback for 2 reasons. For one, people may be feeling better paying 0.1 BTS in fees than 40BTS. That's just psychological. Secondly, it makes current shareholders happy. Finally, for marketing purposes it can else increase exposure.

I have yet to look at the downside.

Buybacks are awesome. The thing is that you need money for buybacks.  Here in BTS land, everyone is completely broke.

NSR on the other hand apparently has shit tons of cash and is giving it away like candy. 

I am really sad that I only got about 2.5 btc worth of NSR for decent prices (sub 1500) this weekend before it shot up again.  The buywalls is even larger this week, its crazy.

what are you talking about? Buybacks

We here at BTS do not believe in buybacks - we believe in:

 - inflating the BTS - it is called blockchain self funding, mind you - generally we take the inflated amount and dump it on the already thin market!

- taking the money and providing no warranty on the product -  if something is broken we do not care, we are still great devs and we did not promise it will work.

- keeping the intellectual rights, so we can sell it to someone else.

- solid economic reasoning - if we do not milk the BTS, somebody else will.

[Empirical1.2]

Buy backs are irresponsible for young businesses.

BM made an important point when he stated the difference between decentralized and centralized businesses is that centralized structures were more often trusted and legal. This also has implications for shareholders and how they value a decentralized business. (They are less trusted and there is less legal fall-back.)

We are put in a situation of competing head-to-head with centralized exchanges which are trusted, fast, and legal. 

Limited buybacks & dividends are a great way of increasing confidence among shareholders in a young decentralized business.  (As opposed to concerns over constant dilution/conflicts of interest/overcharging/CNX piggy-bank/14 month share decline - leading some to question if there will ever be profits and if there are will CNX just find a way to divert them to 'development' for the foreseeable future. )

The second benefit to buybacks for a decentralized business at this point in time is a marketing one. There is a limited amount of capital looking to invest in this area and a lot of competitors. Rising in the rankings is a great way to gain increased exposure, attention & as a result potential investment.

I am in favor on BTS buyback for 2 reasons. For one, people may be feeling better paying 0.1 BTS in fees than 40BTS. That's just psychological. Secondly, it makes current shareholders happy. Finally, for marketing purposes it can else increase exposure.

I have yet to look at the downside.

Buybacks are awesome. The thing is that you need money for buybacks.  Here in BTS land, everyone is completely broke.

NSR on the other hand apparently has shit tons of cash and is giving it away like candy. 

I am really sad that I only got about 2.5 btc worth of NSR for decent prices (sub 1500) this weekend before it shot up again.  The buywalls is even larger this week, its crazy.

Yeah the buyback this week is the biggest so far 64.5 BTC   

https://discuss.nubits.com/t/nsr-buyback-9-week-of-november-23-2015/3085

I also purchased more this weekend.

[Ander]

Buy backs are irresponsible for young businesses.

BM made an important point when he stated the difference between decentralized and centralized businesses is that centralized structures were more often trusted and legal. This also has implications for shareholders and how they value a decentralized business. (They are less trusted and there is less legal fall-back.)

We are put in a situation of competing head-to-head with centralized exchanges which are trusted, fast, and legal. 

Limited buybacks & dividends are a great way of increasing confidence among shareholders in a young decentralized business.  (As opposed to concerns over constant dilution/conflicts of interest/overcharging/CNX piggy-bank/14 month share decline - leading some to question if there will ever be profits and if there are will CNX just find a way to divert them to 'development' for the foreseeable future. )

The second benefit to buybacks for a decentralized business at this point in time is a marketing one. There is a limited amount of capital looking to invest in this area and a lot of competitors. Rising in the rankings is a great way to gain increased exposure, attention & as a result potential investment.

I am in favor on BTS buyback for 2 reasons. For one, people may be feeling better paying 0.1 BTS in fees than 40BTS. That's just psychological. Secondly, it makes current shareholders happy. Finally, for marketing purposes it can else increase exposure.

I have yet to look at the downside.

Buybacks are awesome. The thing is that you need money for buybacks.  Here in BTS land, everyone is completely broke.

NSR on the other hand apparently has shit tons of cash and is giving it away like candy. 

I am really sad that I only got about 2.5 btc worth of NSR for decent prices (sub 1500) this weekend before it shot up again.  The buywalls is even larger this week, its crazy. 

[rgcrypto]

Buy backs are irresponsible for young businesses.

BM made an important point when he stated the difference between decentralized and centralized businesses is that centralized structures were more often trusted and legal. This also has implications for shareholders and how they value a decentralized business. (They are less trusted and there is less legal fall-back.)

We are put in a situation of competing head-to-head with centralized exchanges which are trusted, fast, and legal. 

Limited buybacks & dividends are a great way of increasing confidence among shareholders in a young decentralized business.  (As opposed to concerns over constant dilution/conflicts of interest/overcharging/CNX piggy-bank/14 month share decline - leading some to question if there will ever be profits and if there are will CNX just find a way to divert them to 'development' for the foreseeable future. )

The second benefit to buybacks for a decentralized business at this point in time is a marketing one. There is a limited amount of capital looking to invest in this area and a lot of competitors. Rising in the rankings is a great way to gain increased exposure, attention & as a result potential investment.

I am in favor on BTS buyback for 2 reasons. For one, people may be feeling better paying 0.1 BTS in fees than 40BTS. That's just psychological. Secondly, it makes current shareholders happy. Finally, for marketing purposes it can else increase exposure.

I have yet to look at the downside.

[Empirical1.2]

Buy backs are irresponsible for young businesses.

BM made an important point when he stated the difference between decentralized and centralized exchanges is that centralized exchanges were more often trusted and legal. This also has implications for shareholders and how they value a decentralized business. (They are less trusted and there is less legal fall-back.)

We are put in a situation of competing head-to-head with centralized exchanges which are trusted, fast, and legal. 

Limited buybacks & dividends are a great way of increasing confidence among shareholders in a young decentralized business.  (As opposed to concerns over constant dilution/conflicts of interest/overcharging/CNX piggy-bank/14 month share decline - leading some to question if there will ever be profits and if there are will CNX just find a way to divert them to 'development' for the foreseeable future. )

The second benefit to buybacks for a decentralized business at this point in time is a marketing one. There is a limited amount of capital looking to invest in this area and a lot of competitors. Rising in the rankings is a great way to gain increased exposure, attention & as a result potential investment.

BitShares is rarely in the wider crypto conversation and NuShares is almost never mentioned at all.
http://fintechnews.ch/1763/blockchain_bitcoin/ecurex-releases-110-page-digital-currency-report/
If NuShares can get their valuation into the top 5 (I doubt it) this would change.

I'm not saying NuShares is responsible per say. While they've also directed a lot of funding to marketing and development this has mostly been achieved by decreasing the reserves backing their currency product NuBits.

[sittingduck]

Buy backs are irresponsible for young businesses.

[chryspano]

We hope NuShareholders are excited about the prospect of finally beginning their ascent up the rankings of coinmarketcap.com. While past performance is no guarantee of future performance, if several more lucrative buyback weeks occur NuShares could potentially vault into the #1 cryptoequity slot in the world above BitShares.[/b]

aye! IF...


If stan ever makes a comment like this one, his head will be asked on a plate, but I guess it's ok when anonymous delusional loonies make comments like that. 

Seriously though... Do we have any valid reason to believe that bitcoin will not be massively pumped and dumped numerous times for several more weeks?

[Empirical1.2]

I'm honestly starting to wonder if I should give nuShares a second look as something I might be able to actually care about. I got all huffy and puffy and withdrew all support from that project because they did their crowdfund closed. But if they're actually going to be burning shares on a consistent basis... man... I don't know...

...and here starts another rush of crypto traders sloshing to the next get rich quick, to the moon investment.  Crypto guys are really really good at buying high and selling low.

Negative. Although I've been tempted recently, I don't really day-trade. I try to buy and hold for as long as I can until shit like Obits and METAFEES causes me to break into my funds. If I put any significant (to me) amount in it, it would be for the long haul.

But thank you for the reminder that the price is high right now.

NuShares are making money filling the gap in the market for a crypto with dollar stability.

With the recent BTC rise, came a lot of volatility and NuBits benefitted from increased demand. BTC has stabilised a bit now, so demand for their product is lower so they may have less funds for buybacks in the coming weeks. They also have very thin buy support when the buyback walls are not in place. So it's very risky.

However in their week 7 buyback, the NSR buyback account wrote...

We hope NuShareholders are excited about the prospect of finally beginning their ascent up the rankings of coinmarketcap.com. While past performance is no guarantee of future performance, if several more lucrative buyback weeks occur NuShares could potentially vault into the #1 cryptoequity slot in the world above BitShares.

https://discuss.nubits.com/t/nsr-buyback-7-week-of-november-9-2015/2999/2

So I think their short term goal may be to get above BitShares via buybacks.

[Ander]

Any tips on deciding where to start if you don't have enough to spread your investments out like that?

Obviously I want to keep the bulk of my funds in the Bitcoin/Bitshares/Peercoin that I actually give a crap about. Other than those though, I figure if I scrape all my crapcoins together I might be able to muster enough to play with.

Ander, do you mind if I ask how much you had to put into nuShares to score that free bitcoin of yours? Just curious but I understand if you don't want to share that info.

I'm honestly starting to wonder if I should give nuShares a second look as something I might be able to actually care about. I got all huffy and puffy and withdrew all support from that project because they did their crowdfund closed. But if they're actually going to be burning shares on a consistent basis... man... I don't know...

I put in about 6 btc at about a 1500-1600 average and sold them a bit over 1800. 

However, there were people who bought it at 1800+ hoping the buyback would give them more and then they didnt manage to sell, so they are sitting there holding 'expensive' NSR now.  They might be able to sell it in a future week, but its not a guarantee.


Nushares has done really well at having a product that is simple to use, and giving it the support it needs to succeed.  And they've done well at selling it.  Basically the opposite of bitshares, which has a product with immense promise but is hard to use and understand, and hasnt had good marketing.

They are pretty much spending a significant amount of the BTC from Nubits sales to buy back NSR.  This may or may not come back to ruin them later.  (If BTC goes up a bunch it wont hurt them, if BTC goes back to sub 200 then they wont have enough value in reserves to cover all the nubits if peopel try to redeem them all, meaning they will have to create and sell NSR to cover it, which will crush the price the way that BTS price got destroyed by inflation and selling delegate shares.

[unreadPostsSinceLastVisit]

I'm honestly starting to wonder if I should give nuShares a second look as something I might be able to actually care about. I got all huffy and puffy and withdrew all support from that project because they did their crowdfund closed. But if they're actually going to be burning shares on a consistent basis... man... I don't know...

...and here starts another rush of crypto traders sloshing to the next get rich quick, to the moon investment.  Crypto guys are really really good at buying high and selling low.

Negative. Although I've been tempted recently, I don't really day-trade. I try to buy and hold for as long as I can until shit like Obits and METAFEES causes me to break into my funds. If I put any significant (to me) amount in it, it would be for the long haul.

But thank you for the reminder that the price is high right now.

[lil_jay890]

I'm honestly starting to wonder if I should give nuShares a second look as something I might be able to actually care about. I got all huffy and puffy and withdrew all support from that project because they did their crowdfund closed. But if they're actually going to be burning shares on a consistent basis... man... I don't know...

...and here starts another rush of crypto traders sloshing to the next get rich quick, to the moon investment.  Crypto guys are really really good at buying high and selling low.

[unreadPostsSinceLastVisit]

Any tips on deciding where to start if you don't have enough to spread your investments out like that?

Obviously I want to keep the bulk of my funds in the Bitcoin/Bitshares/Peercoin that I actually give a crap about. Other than those though, I figure if I scrape all my crapcoins together I might be able to muster enough to play with.

Ander, do you mind if I ask how much you had to put into nuShares to score that free bitcoin of yours? Just curious but I understand if you don't want to share that info.

I'm honestly starting to wonder if I should give nuShares a second look as something I might be able to actually care about. I got all huffy and puffy and withdrew all support from that project because they did their crowdfund closed. But if they're actually going to be burning shares on a consistent basis... man... I don't know...

[fav]

List of altcoins I have lost on, in satoshi terms:
Litecoin
Bitshares

how not to lose money trading altcoins :  don't cash out until you're up. =)

[btstip]

Hey Tuck Fheman, here are the results of your tips...

• Ander: has been credited 1 FISTBUMP

Curious about BtsTip? Visit us at http://btstip.io and start tipping BTS on https://bitsharestalk.org/ today!

Source: https://bitsharestalk.org/index.php/topic,19975.msg258940/topicseen.html#msg258940

Created by hybridd

[Tuck Fheman]

List of altcoins I have lost on, in satoshi terms:
Litecoin
Bitshares

how not to lose money trading altcoins :  don't cash out until you're up. =)

#btstip "Ander" 1 FISTBUMP

[Ander]

The NSR buyback just bought into my sell orders and gave me profits on all the NSR I bought this week.

So beautiful.


Cant wait for next week.

Yeah I front ran it too

My orders on both bter and polo were almost perfectly placed, they both got almost but not quite fully executed, and the final order bought by the buybacks was part of my order on both.  A bit of last minute front running caused me to not sell 100% but thats okay.  I have a little free NSR now.


I do worry that this is going to get a lot harder and riskier to pull off in the future however.  At this higher price level there are a lot more sell orders appearing and people trying to shove orders in front of each other to get bought by the buy wlal.

One of these weeks some whale is just going to dump into the buywall and crash the price, and then everyone who bought some hoping to sell it into the repurchase will get destroyed.

Thank you for pointing this out.

I was going, "man, I wish I was good at trading like Ander."

then this reminded me that my buy and hold strategy is the safest for somebody with long term faith in crypto.

Nah if I was good at trading I would own no bitshares and wouldnt have lost a bunch on it.


Its kindof funny:

List of altcoins I am net positve in trades on, in satoshi terms:
Ripple
Ethereum
Dash
Dogecoin
Stellar
Maid
NXT
Monero
Nushares
Counterparty
QORA
Burst


List of altcoins I have lost on, in satoshi terms:
Litecoin
Bitshares


Everything I dont really care about I made money on except litecoin.

The lesson is that you should not care about the things youre trading.  AT ALL.  If you dont give a shit about them you wont hesitate to dump them if they go bad, so they wont suck more and more of your money into a black hole.

[unreadPostsSinceLastVisit]

The NSR buyback just bought into my sell orders and gave me profits on all the NSR I bought this week.

So beautiful.


Cant wait for next week.

Yeah I front ran it too

My orders on both bter and polo were almost perfectly placed, they both got almost but not quite fully executed, and the final order bought by the buybacks was part of my order on both.  A bit of last minute front running caused me to not sell 100% but thats okay.  I have a little free NSR now.


I do worry that this is going to get a lot harder and riskier to pull off in the future however.  At this higher price level there are a lot more sell orders appearing and people trying to shove orders in front of each other to get bought by the buy wlal.

One of these weeks some whale is just going to dump into the buywall and crash the price, and then everyone who bought some hoping to sell it into the repurchase will get destroyed.

Thank you for pointing this out.

I was going, "man, I wish I was good at trading like Ander."

then this reminded me that my buy and hold strategy is the safest for somebody with long term faith in crypto.

[Ander]

The NSR buyback just bought into my sell orders and gave me profits on all the NSR I bought this week.

So beautiful.


Cant wait for next week.

Yeah I front ran it too

My orders on both bter and polo were almost perfectly placed, they both got almost but not quite fully executed, and the final order bought by the buybacks was part of my order on both.  A bit of last minute front running caused me to not sell 100% but thats okay.  I have a little free NSR now.


I do worry that this is going to get a lot harder and riskier to pull off in the future however.  At this higher price level there are a lot more sell orders appearing and people trying to shove orders in front of each other to get bought by the buy wlal.

One of these weeks some whale is just going to dump into the buywall and crash the price, and then everyone who bought some hoping to sell it into the repurchase will get destroyed.

[Empirical1.2]

The NSR buyback just bought into my sell orders and gave me profits on all the NSR I bought this week.

So beautiful.


Cant wait for next week.

Yeah I front ran it too

[Ander]

Wonder what I should put this free 1+ BTC profit into. 
Maybe burst.  That daily moving average crossover looks yummy, after its been in a downtrend for almost a year and finally looks like it could be breaking it.

Qora. Big news by end of December I hear.

I bought more Qora at 5 earlier, and it went form 5 to 7, but then people dumped so hard on it.  I still have a bunch of Qora from before too that are 'free' in that my average cost for them became zero when someone (CCEDK?) bought all my Qora at 9-10 and spiked it to 20.

But yeah maybe I'll get a bit more.

[Tuck Fheman]

Wonder what I should put this free 1+ BTC profit into. 
Maybe burst.  That daily moving average crossover looks yummy, after its been in a downtrend for almost a year and finally looks like it could be breaking it.

Qora. Big news by end of December I hear.

[Ander]

Wonder what I should put this free 1+ BTC profit into. 
Maybe burst.  That daily moving average crossover looks yummy, after its been in a downtrend for almost a year and finally looks like it could be breaking it.

[Ander]

The NSR buyback just bought into my sell orders and gave me profits on all the NSR I bought this week.

So beautiful.


Cant wait for next week.

[Empirical1.2]

NuShares are buying back 38.6 BTC worth this week.

https://discuss.nubits.com/t/nsr-buyback-8-week-of-november-16-2015/3052

[liondani]

Their trading volume is non existant!

^THIS

[Empirical1.2]

Their trading volume is non existant!

  I assume their initial distribution was very bad/questionable. If it was a crypto-currency I wouldn't go near it.

I do notice from the NuShares site that... https://nubits.com/nushares/introduction

As of August 2015 there are approximately 835,000,000 NSR and this supply will increase at a rate of approximately 2% per year. The supply increases as Proof-of-Stake minting rewards are given to active individual minters. The current reward per block is 40 NuShares. The current block spacing time is approximately one minute.

So the 2% POS minting may encourage people to keep their NuShares minting and off the exchange.

Depending how their supposed $400 000 in dividends this last year were awarded and how often, might also give people an incentive to keep their NuShares in their wallet and off the exchange.

In general though how NuBits are awarded seems very questionable & I doubt they have enough reserves to cope with a lot of selling.

https://discuss.nubits.com/t/voting-150k-for-tier-4-sell-side-liquidity-extremely-urgent/3035

The fact that their parking rate has been at zero for a few months and that demand for their product seems to be shooting up with BTC's increased volatility, means they'll probably get away with their pretty risky practices for a while.

I know very little about NuShares though, just started looking at them a bit yesterday, when I noticed their price increase. 

Edit: They also think diluting NuShares further is viable in an emergency

With that in mind, we are well prepared to handle any sudden sell volume with more than 500 BTC in tier 4, park rates that have been at zero for many months, and the possibility of tapping our market cap at a higher level than has been the case in many months..

but with no volume/buy support as you say that looks like a non option. 

[chryspano]

Their trading volume is non existant!

[Empirical1.2]

250% in which currency?

is it not a little bit higher then 100% in USD

and in BTC it is less then 100%

http://coinmarketcap.com/assets/nushares/#charts

Yeah, my mistake, it's 150%. On September 26th before their buybacks started they were at $1.53 million and today they are $3.8 million. So a 150% increase.

to be fair. with 100 BTC you will not move the BTS price so much.

True.

For where NuShares is valued at the moment though and how little seems to be on the market, it seems to have good upside if they continue at that rate.

[Shentist]

250% in which currency?

is it not a little bit higher then 100% in USD

and in BTC it is less then 100%

http://coinmarketcap.com/assets/nushares/#charts

Yeah, my mistake, it's 150%. On September 26th before their buybacks started they were at $1.53 million and today they are $3.8 million. So a 150% increase.

to be fair. with 100 BTC you will not move the BTS price so much.

[Empirical1.2]

250% in which currency?

is it not a little bit higher then 100% in USD

and in BTC it is less then 100%

http://coinmarketcap.com/assets/nushares/#charts

Yeah, my mistake, it's 150%. On September 26th before their buybacks started they were at $1.53 million and today they are $3.8 million. So a 150% increase.

[Shentist]

250% in which currency?

is it not a little bit higher then 100% in USD

and in BTC it is less then 100%

http://coinmarketcap.com/assets/nushares/#charts

[Empirical1.2]

Empirical, we have discussed it before. Dan's stance on the burning vs returning fees to the BTS pool makes little to no sense:

"Well we are making sure we never run out of funds for development, so we put them back in the fund". It is true Dan but burning the funds is effectively a buy back which in theory as well as in practice leads to appreciation of the stock price... So if we burn them (aka buy them back) the price will go to say $1 per BTS.... are you gonna run out of funds with $700Mil to spend? And that's all without the additional benefits of increasing BTS price.

Yes, I agree it makes little sense.

Regards NuShares, I think the mistake they made is paying out their dividends in PPC. Now that they are doing NSR buy-backs, I think a lot of people will notice as their share price rises and take an interest in them.

[tonyk]

Empirical, we have discussed it before. Dan's stance on the burning vs returning fees to the BTS pool makes little to no sense:

"Well we are making sure we never run out of funds for development, so we put them back in the fund". It is true Dan but burning the funds is effectively a buy back which in theory as well as in practice leads to appreciation of the stock price... So if we burn them (aka buy them back) the price will go to say $1 per BTS.... are you gonna run out of funds with $700Mil to spend? And that's all without the additional benefits of increasing BTS price.

 

[Akado]

I had some interested on NuShares at some point, but decided to go with BitShares. Didn't expect it to raise so much honestly, good for them 

[Empirical1.2]

NuShares have increased in value by 250% in the last 8 weeks.

This has been the result of using NuBits profits to buy back NSR shares on the open market and then burn them.

https://discuss.nubits.com/t/nsr-buyback-7-week-of-november-9-2015/2999

Over the last 7 weeks they have bought back, NuShares to the value of circa 100 BTC and burned over 1% of total NuShares supply.

I'm not sure NuShares is a long-term play given Nubits will likely fail at some point.

However if this use of some of their profits to buyback shares continues I think they will rise very strongly.


Besides having a very stable price this last year, they have apparently distributed a lot as dividends prior to the buyback as well.

$409,811 have been distributed as dividends2 over the last year, most of which was as BlockShares. Given the current NuShare market cap of $1,628,335, that is a stunning 25.17% dividend yield.

No one can say for sure whether there will be dividends in the future, but shareholders will make that decision directly. It depends on whether there are additional distributions for new Peershares like B&C Exchange, whether Nu is successful, and whether shareholders choose to use excess funds for development, share buyback or dividends. Right now they are being used for development and there is a new motion currently being voted on that would conduct share buybacks. It is unclear at the moment whether that will pass, but I suspect it will.
It is unclear whether shareholders will choose to have future excess funds used only for share buybacks or a combination of buybacks and dividends.

https://discuss.nubits.com/t/how-many-dividend-distributions-has-nushares-had-will-there-be-any-more/2739/3