Quote from: sunk818 on September 17, 2018, 02:25:34 PM

Quote from: bible_pay on September 16, 2018, 11:05:33 PM

** PRE-UPDATE ON SEPTEMBER COIN LIQUIDATION **

Looking at this months budget, which is usually settled around September 29th, we are emitting approx. 14 million coins this month.

So looking at the ones that get liquidated for compassion, we have about 7 mil being sold soon on the open market.

(The ones for payroll are usually held by the devs and not sold).

Since a few people have asked me when will this happen (as far as their chance of buying etc) and how am I selling coins before the superblock hits, let me explain this (as someone had a rude comment earlier). I keep a few million coins laying around and usually shut down a few sanctuaries around the 20th. I borrow those free coins from myself and send them to the main exchanges (SX, CCEX, etc). I keep a spreadsheet of exactly (down to the penny) how much each trade was worth. Then I liquidate that amount at coinbase and record the transaction. Later when the superblock is emitted I pay myself back and set up new sancs.

So this month I'm notifying of the coming sale, so you have a chance to buy the BBP.

Look for this 7 mil liquidation around September 19th, over a 7 day period. Ill post again the morning that I start this (IE probably Wednesday) as a reminder.

EDIT: Someone accused me of comingling my personal funds with orphanage funds. I never comingled a penny. I fronted my own personal biblepay (which costs me the cost of not running sancs with it) and didn't restart those sancs until after the superblock was emitted, paid to the foundation and then I received the send transaction back to me- I never comingled a penny of orphanage funds.

Do you prefer a specific exchange or will the 7M be equally distributed across all the exchanges BBP is on? I use CoinExchange myself...

Most of it will be on southxchange because thats where the 52M order is currently. If the price is better on the other two ill inform.