Quote from: normana on February 27, 2019, 12:05:36 AM

Quote from: coinfanatic on February 26, 2019, 08:13:44 PM

Quote from: normana on February 26, 2019, 07:25:22 PM

Quote from: john.btc on February 25, 2019, 10:32:26 PM

They are buying coins from the market, there is no other explanation of how they would have coins to pay over 50+ NIMs to community managers and project proposals. They didn't move any coins from their vesting accounts. It is clear that these coins were bought from the market. They are categorically buying coins from the market increasing the price artificially

If they buy coins on the market to fulfill their duties, then the increase in price is not artificial.

Yet another lie of nimiq's sock puppet. They are buying their own coin to pump the price.
There is no demand. The price immediately dropped again.

I wasn't the one to claim they bought NIM to fulfill their duties, it was john.btc aka robin.nimiq aka nimiqshitcoin. I was just pointing out that his reasoning is flawed and that what he said is an indicator for demand not for artificial price increase.

I can add another item to the list of their duties (beside the 40M NIM they apparently assigned to the independent community funding board): Their salaries. According to this blog post, 16% of their monthly payments are paid in NIM, that's about 30k USD worth of NIM every month. The foundation currently owns 20k USD worth of NIM through the vesting, so they obviously have other sources of NIM.

As long as we don't see the relevant transactions on the Nimiq blockchain, we won't find out what the source of funds is. I still think it is not relevant at all, if they have duties in NIM, there is no problem if they buy NIM to pay them, as it is totally underpriced right now. If they now get rid of all the foundation/team owned NIM within a few months, that would be stupid (and a good reason to criticize them), not the other way round.

My guess is the price increase is more due to "insider trading" (where insider is everyone active in the community).... They were teasing an announcement the last days through Telegram and Twitter, so some people might have decided to take the potentially last chance to buy cheap NIM....

haha haha. soon bankruptcy. they buy over $50,000 a month their own coins. project is DEAD! haha. digging not profitable. price will go to 0 after bankruptcy which is near.