Post
Topic
Board Securities
Re: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012)
by
suchmoon
on 28/03/2021, 23:59:14 UTC
QS brought up a concern he had. He was worried there was no liquidity on the buy side of the auction. I responded by saying NastyMining or myself would purchase up to 15 BTC of seats at 0.0005 BTC per seat (currently worth $833,250) if anyone was interested. That offer will put a floor under seat prices in BTC terms which is something I think people have wanted to see with this organization for a long time.

So you're buying up the seats at 0.0005 when there is 0.00056 worth of savings per sea but you're resisting a buyback by the club itself because "[you] want to grow the organization, not shrink it". Does that adequately capture your conflict of interest here? How does your buying grow it?