BKC/NBT Peg

[Nagalim]

“development fund”

Don’t all reserves come with counterparty risk?

How much money cost to run B&C DAC’s network?

Don’t we have to pay the signers?

Some candidate may say to community"Hey, I will donate 1000$

Why would a signer pay to get hired? I thought the point of being a signer was to earn money.

in a perfect market the difference between distributing all revenue as dividends and issue BKS to fund development and the solution outlined above would be 0

I disagree. I think my method is cheaper. Proving that quantitatively, however, is another issue. In a perfect market where counterparty risk doesn’t matter, a BKC buyback and a developer fund are indeed equivalent. However, the bkc/nbt peg would be distinctly different economically. I think in a perfect market the peg would be useless, that’s why it’s hard to quantify.

[masterOfDisaster]

Don’t all reserves come with counterparty risk?

Sure, but due to the BCE design they can be held in multi signature addresses which reduces the risk to a minimum. At some point of time you need to face the counterparty risk whatever you try to do. And even with funds in multi signature NBT addresses there is risk left - Nu could go bancrupt…
How do you imagine to fund a project without temporarily facing counterparty risk?
The point is to limit the risk itself and the period of time it needs to be faced.

[CoinGame]

14 posts were split to a new topic: [B&C] Paying reputed signers