Jordan you cannot seriously believe the crap you are repeating over and over again. Nobody gave anything about the 5% spread, this whole spread thing is only important to outcompete other currencies, not to establish confidence. Your flawed model lead to this situation.
Every non-parked NBT in circulation was a constant risk, and it was that risk which came down on you (in form of a single guy selling a lot). If you would have implemented some mechanism to get the risk compensated by the NBT holders then this whole thing at least can lead to a zero sum. I still think the coinage tx fee would be a good approach here, since it would make all liquid funds profitable and all remaining funds predictable since they are parked.
And btw, I understand your liquidity model (also the engine analogy, which is quite good). I read and understood the white paper before my first post. What you wanted is a reverse black swan: adoption gets to a point where 1 NBT is not a dollar note anymore, but where people associate 1 NBT with an amount of goods that has a value of about 1 dollar such that the NBT will only exchanged for goods and not so much for currency. You originally wanted to reach this point of adoption by lending more and more money through parking until the capital is so large and the dept is so diversified that people are confident that the relevant small part of the dept can be paid at any point in time. Small spread liquidity was designed only to be required in very small amounts in order to fill in the gap for an increasing natural support.
But this all didn’t happen, and until today you didn’t learn from it in order to consider it in your model designs. But don’t worry, I will continue reminding you about it, until this here is entirely over or you start deleting posts (which didn’t happen so far, very nice). This whole thing would be really funny if there wouldn’t be much too kind souls like @Sentinelrv who obviously invested far too much into a only partially understood concept and while he is responsible for his own decisions I blame you for deceiving such people with your game.
