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