I will repeat what I have said before: the only thing I want to discuss with @ConfusedObserver is the return of the 13 BTC he stole from NuShare holders. Even those who wish to harm Nu and prevent its success have agreed @ConfusedObserver stole 13 BTC and ought to return it. His deplorable integrity combined with his known intent to harm the network means he should not be engaged on any other topic. The reason he wants to destroy our precious network is not hard to understand: if Nu succeeds then that will prove the problems with the peg were due to his own incompetence. He wants to shift blame somewhere else, specifically to flaws in the system itself. Having Nu fail lends credibility to his desired assertion that the system was flawed, and there was nothing he could do as @masterOfDisaster. It is unfortunate his interests have become irreconcilable to the success of Nu, but we ought to frankly and stoically remember the motives and situation underlying his ridiculous posts. They come from a felon and person of poor character who has an interest in destroying Nu. We shouldn’t engage or indulge this troll.
No, I don’t think the situation warrants an increase in the ratio. The concern about reserves is probably greater than it needs to be. Nu has never run out of reserves, so it would be a problem that is unprecedented in our nearly 3 year history. Remember, when the peg was abandoned large reserves were withheld, in violation of NuShare holder policy.
The pattern of NuBit purchases (which is all public information), suggest there is a low probability of the NuBit purchases being enacted for the purchase of manipulating the NSR price. Even if this is the case and a large number of NuBits are sold suddenly sometime in the future, we are already well prepared to handle that without even resorting to NSR sales immediately. Holding a reserve is expensive and entails counterparty risk, so too much really is a problem.
There are lots of other matters that I would consider to be a higher priority for Nu. Specifically, marketing above all else (we should begin to spend substantial sums on this), followed by stabilization of the reference client, followed by client development (such as NSR denomination change), NuBot development and development of both real time and historical data about our network, particularly liquidity related info. Those are my priorities. But I can’t manage all that myself. I don’t have any skills in marketing. There is plenty of room for people to step up and help, with the support of shareholders.
Also, if we can get the NSR price a bit higher, maybe somewhere between $10 and $20 per voting NuShare, then I would support actively beginning development of B&C Exchange again. We need that NSR price to fund development, though.
