@nikolaso You hit the nail on the head. We need to burn often and small amounts at relevant prices. If the NSR/NBT burn price is truly relevant to NSR/USD markets, we can simply allow any custodian to burn whenever they think it will be profitable for them. As long as we impose some kind of a volume cap on burning, decentralized burning will just make the system more fluid.
1 Like
The thin trading volume of NSR doesn’t support this expectation. I believe most Nu shareholders look at things in the long term, especially those from the Peercoin community. The auction participants are not random buyers. The low auction price limit may reflect the rational safety margin they prefer when planning to hold for a long time.
Current price dip presents buy opportunity for those who want to buy shares at the prices of the IPO or auction.
1 Like
Is the current dip caused by nushareholders that bought at IPO/auction price and selling for a profit or a short sell?
Is the current dip caused by nushareholders that bought at IPO/auction price and selling for a profit or a short sell?
i think mostly, on the other side everybody expected quick raise after publishing the code what didnt happen (or didnt last long)