Logged Conversation (all times UTC)
[02:41] <stellar-slack> The auction is becoming a dumping.
[02:45] <stellar-slack> the sell wall from 0.0031 haste was pushed down to 0.0029 at poloniex, and 0.00276 at kraken.
[02:50] <stellar-slack> furthermore, no matter how low the wall is, farmers can always provide lower price to feed the limited interested buyer.
[03:17] <stellar-slack> it seems the auction will last much longer than early estimating. new bills are coming. I'm afraid SDF need face to short of cash flow like other discontinued early entrepreneurs around stellar.
[03:18] <stellar-slack> https://xrptalk.org/topic/6271-evan-schwartz-building-the-value-web-with-open-standards/#entry76374
[03:33] <stellar-slack> I'd rather SDF uses VWAP to sell the quarter of billion STRs than the huge sell wall.
[03:36] <stellar-slack> no matter how price changes, at least we will have a relative healthy market.
[04:31] <stellar-slack> http://www.w3.org/blog/wpig/2015/04/28/building-the-value-web-with-open-standards/
About StellarVerse IRC Logger
StellarValue IRC Logger
is part of